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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There is also build a system that can get more value out of same person than other companies can
Agree that it’s a great strategy - but isn’t that just something that allows for #3?
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In the wise words of Peter Kaufman: "I'm not paying them. They're paying themselves."
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yeah can be leveraged for 1 and 3 (but also other ways too) I realize this post was exclusively about comp, vs talent--so yeah agree doesn't belong in list
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