Ask HN: What is your startup's hiring strategy?

I've been confounded by the large number of articles on hiring first employees for startups indexed all over Google. There is a massive number of greatly different strategies for picking prospective employees with the right traits (work ethic, experience, interest level, compensation expectations). So, HN, what is your team's hiring strategy? Does domain knowledge or experience trump a great attitude or the ability to be a great team player? Do you emphasize a 'culture fit' for new employees?