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SBF
@SBF_FTX
Replying to
@SBF_FTX
6) And as employees look around, they see people all over doing exactly that. And by having way more to do than we have capacity to do it, we gain another benefit: there isn't really competition internally to get the "important" roles. We have important roles growing on trees.
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SBF
@SBF_FTX
7) And if there's a problem to fix or opportunity to grow, and you have an idea for it, the default behavior isn't to email a report asking them to do it. The default behavior is to do it: to take responsibility. Even our "managers" are > 50% individual contributors.
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SBF
@SBF_FTX
8) And this leads into our philosophy on titles. A title isn't an invitation to do important things, because everyone can do important things, and is expected to. A title is a burden: the responsibility to _make sure_ important things happen.
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SBF
@SBF_FTX
9) If you have a title, that doesn't mean you get credit if your team does something cool--they do. Having a title means you are held accountable if something important _doesn't_ get done, no matter who was "supposed" to do it.
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SBF
@SBF_FTX
10) "But this was Bill's job" is not a relevant excuse for someone with a fancy title. Our job is to make sure the right things get done, whatever it takes. And ultimately, _my_ job is to make sure the right things happen.
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SBF
@SBF_FTX
11) Everything, in the end, is my fault, if it goes poorly. That's what it means to be CEO. It doesn't matter if it's Thanksgiving; those blocks won't chain themselves.
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SBF
@SBF_FTX
12) (Though, to be fair, I'm not much of a dev -- all credit goes to the actual devs. And Gopher.)
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SBF
@SBF_FTX
13) My real job is to make sure the important things happen. Often that means championing exciting new features; unfortunately, right now that's not which duty calls highest. Right now, the things that are most important for FTX and industry are happening under the radar.
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SBF
@SBF_FTX
14) More on that later. But for now, a huge thank you: To the few friends crazy enough to jump on a plane from Boston based on a delirious late night chat. To the group who showed up in a small coworking space in Causeway Bay to press the "on" button for the first time.
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SBF
@SBF_FTX
15) To the thirty people who tried to figure out how to pop a champaign bottle the night of our first listing. The hundred people who powered through the bear market of spring 2020. The two hundred who came to work Thanksgiving week to push forward long term projects.
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NFT profile picture
Jay
@JayKubert
Replying to
@SBF_FTX
What a great take here! Similar vibes here where we are running very lean but feel empowered by the fact that I can attack any challenge when pen hits paper. Another idea we hold strong— ideas are only ideas until you execute. Great conversations must always have action items
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