Should crypto companies be trying to poach talent from other crypto companies?
- Yes, everyone's fair game85.9%
- Only from competitors1.9%
- Only if they strike first2.3%
- No, assimilate outsiders9.9%
2,993 votesFinal results
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Well, let's say I could hire your guy for $100k/yr or I could look a little harder and hire someone just as good who isn't yet in crypto for $100k/yr. To some extent we are all on the same mission so do I start musical chairs with the current talent pool or expand the pool?
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It’s fine to hire from within the same industry; super common and “poaching” is just part of the game. Just be open to folks outside the space too. They may be precoiners, but sometimes they can bring needed skills not found in the current pool of “insiders”.
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Some might say that crypto is a special case, that we all need to work together to get crypto to escape velocity, and then we can worry about splitting up the pie.
Poaching could be part of the game but are there any risks, like pissing off someone who can poach back harder?
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Eh, I’ve seen poaching operations at pro scale - watched Google set up shop right near Microsoft in 2004 just to poach us (I was recruited but resisted). Later, when I was at Tableau, we fought hard to pull data people out of Microsoft, Amazon, and... Google. It’s war. 😄
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I wonder how effective it is. Do you want to bring on mercenaries who will come over for a slightly bigger check? Is it worth it, knowing that they will bail as soon as they get a slightly bigger offer from someone else? Why did you resist Google?
Don't actively recruit from companies you respect and a lot of the rest will fall in place. If they pursue, you pursue, but not hunting.
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Depends on the role. (Ex: sales - can hire an expensive shark that’s VERY effective. but loyal? Nah. But that might be ok for that role.
Ideally you want folks for whom money isn’t in their top X criteria, but it’s a hurdle to clear. Pay is only part of the puzzle.
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As a recruiter for startups myself, one criteria that gets overlooked the most is tenure/loyalty. There’s something to be said for that especially in this day and age where everyone thinks the grass is always greener
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