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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The reality I think is everyone wants to compensate their team with great rates and packages. The reality often is, you can't do that and hit your milestones in early stages with limited funding. It's a very subjective lense, that runs in parallel to resources available.
The other possibility is that startups fail to hit early milestones because they hired a good people instead of a couple of great people.
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Perhaps, but it's not binary. Better to have a handful of good people and hit your goals, than hire a couple great people and miss the runway because the company couldn't afford. I hear you and agree with you though on finding amazing people and paying the right price for them.
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