Chase Koch got a masterclass in business building by growing up inside Koch, the second largest private company in America.

Here is what he told me about hiring great people:

"We hire on values first, skill second, and credentials last."

"We want the farm team kids. They didn't have to work on a farm, but they come with that grit and that values system of work ethic. They've got to earn their position. They've got to earn the money."

"Principles-based management is our biggest competitive advantage."