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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People in startup space don't take lessons from sports very well, but they should. 5) find hungry talent with decent skill and incredible upside and develop them. Not only do you get great work (eventually), but you also get the occasional lifer who is a legend.
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In sports, it ain't. Mispriced would be finding bargains, a-la what Harry Redknapp did so well throughout his career. Developing would be the academy model of Man Utd, Barcelona, Everton, etc. The analogy translates with veterans who are underpaid vs. developing talent.
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