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And that's the problem; a Start Up is a company and it should be run that way. If your ultimate goal is be financed, the first thing they look at is the way you run your company. Liabilities can kill a deal and a good idea.
But if you just define a "HR Department" as the person responsible for hiring, then whether you are a startup or going concern you should have one.
Ben's tips seem to hold validity in either case.