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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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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"the employee can enter into conversation with..." They always can. This assumes money is the only reason people stay, which is not true.
End of conversation
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