Startups scale by hiring externally instead of promoting internally.
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VC's often invest in hundreds of startups, giving little time or energy to each specific startup. The startup is a part of a speculative industry bet, not a company specific bet.
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Many startups are side projects of people from big tech, whose livelihoods are not dependent upon success, leading to a skin in the game problem.
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Employee turnover at startups is massive.
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Massive turnover leads to lack of accountability.
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A lack of accountability leads to a lack of a unifying narrative.
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A disjointed narrative forms around the self-serving interests of middle managers.
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High turnover leads to a justified individual selfishness.
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Individual selfishness leads to a cutthroat environment.
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A cutthroat environment exacerbates the employee turnover problem.
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There is no career stability at a startup.
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CFO turnover at startups is massive.
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Startups invent new positions to give jobs to the friends of executives ready to cash in on securing VC funding.
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