Startup comp is simple. Either: 1) become among the best in the world at identifying mispriced assets, 2) convince incredible people to work for less, 3) pay top of market, or 4) build a mediocre team. ~everyone thinks they are doing 1/2; nearly everyone is actually doing 3/4.https://twitter.com/naval/status/1196164347497549824 …
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If you've found somebody valuable you should pay above market for them but not so much that your competitors wonder what you've found and whether they should compete for it.
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That said if you're truly able to pay more than anybody else, it could be strategic to put a candidate onto a shelf that your competitors can't reach, or overpay for somebody famous in the hopes that they attract other high calibre talent.
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In a public market we call that insider trading. If they are that valuable the signal should be there.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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