Nik Stransky, founder and CEO of Revolut app and the VC company, QuantumLight, has presented the new book dedicated to the founders of tomorrow’s unicorns. In practice, it is a manual intended to raise the performance level of future tech startups.
Nik Storonsky of Revolut app with QauntumLight to present the manual on tomorrow’s tech startups
QuantumLight, the venture capital company founded by Nik Storonsky, has presented the new book “Driving High Performance: A Founder’s Guide to Cultivating Top Talent at Scale”.
This is a manual dedicated to the founders of tomorrow’s new tech startups, in which Nik Storonsky participated revealing some performances about the Revolut startup, which he founded and of which he is the CEO.
On this subject, Storonsky himself commented on the new manual as follows:
“We are publishing the best practices I wish I had access to at the beginning of Revolut. We have condensed years of learning into an easily accessible tool for the unicorn founders of tomorrow”
The objective of the new book is to raise the level of performance in the world of tech startups. In fact, the QuantumLight manual seeks to demystify the process through a systematic and data-driven approach.
Furthermore, it promotes the treatment of performance as a science rather than an art: by setting clear expectations and metrics on skills and cultural fit, it reduces manager biases and provides clear career paths to employees
Another particularity is that it also supports the need for exponential bonuses to reward top performers and suggests forming a task force dedicated to performance management, distinct from human resources and recruitment.
The QuantumLight manual on the performance of the $45 billion Revolut app
The founder of Revolut has therefore described some best practices that have been useful for him on his app which, to date, is worth 45 billion dollars.
Not by chance, these best practices are integrated by the business management platform Revolut People, which offers a ready-to-use solution to put Storonsky’s playbook on performance into practice.
In any case, the methodology described in the QuantumLight playbook has already been successfully replicated by former Revolut students in scale-ups, with their over 100 startups that have managed to collectively raise over 2.2 billion dollars in funding.
On this subject, Josh Kaplan, co-founder of Ghost, commented as follows:
“Recently we have implemented a structured performance evaluation system, inspired by the QuantumLight manual. These best practices have helped us to better understand our talent base and to promote a higher level of employee performance. Nik’s scientific approach to performance management is a powerful tool for any tech company, as demonstrated by his success with Revolut”
The playbook on the performance of QuantumLight is available for immediate implementation and is expected to become a key resource for founders, executives, and investors.
The success of the fintech company’s strategies: the numbers speak
At the end of July, Revolut published its revenues for the year 2023, revealing record profits of 545 million dollars. Not only that, the fintech company has been in net profit for three consecutive years.
Specifically, the revenues for 2023 have increased by a significant 95% compared to the previous year, while the net profit margin has increased by 19%.
The strategies of the super app are ensuring its explosive growth. In fact, during the past year, such expansion strategies have allowed it to attract 12 million new customers globally.