As though startups are trying to hire mediocre people instead of having no choice.
And that 95% of startups don't know their metrics. Pretty sure almost all do but again don't have the skills or resources to meaningfully move them.
Looking back at 7 companies I worked at: they all had a tough hiring filter to get in. But most of them also had not that great people that they were not firing.
Firing people is hard even when you know you should do it. You have to be a heartless bastard to not have a problem firing people.
It's even worse when the company gets so big that a game of building empires starts in which case managers have an incentive to grow headcount to grow power, even if that headcount isn't very good.
The document even talks about what MrBeast considers a B-player.
Made a mistake once? That's fine. Fuck ups are a price of ambition.
Made the same mistake twice? Need to be told the same thing multiple times? Not an A player so fired.
And then there's the sociological effect of course: are you even any good at identifying poor performers, does the team view it that way? You can be one employee departure away from an exodus since someone being laid off is usually a good sign for everyone else to reconsider how they feel about their position. Bad management is pretty good at generating a never-ending stream of "underperforming employees".
Like let's state the obvious here: you're looking back the 7 prior companies you worked for. Are the people you thought should be fired still there? Are they still turning up every day and doing something? Because in that context, whatever their fault, they are a more reliable resource to the company then you were (this isn't judgment: my resume is long too).
That is all well and good when you are the golden goose that is Apple. Most people just do not get the opportunity to hire like that.
If a startup can't attract talent (a sign of bad traction), that startup probably is not that good and more people won't solve the underlying problem. You would also be surprised how many startups outsource dev/marketing/etc. in their initial stages.
If you can't convince smart people to work for you and that your idea is good, good luck trying to convince customers of the same.
>And that 95% of startups don't know their metrics. Pretty sure almost all do but again don't have the skills or resources to meaningfully move them.
I said most don't know them as well as Mr. Beast. Read "Chapter 1: What makes a Youtube video viral?". Most founders have not put the same amount of time into seeing how to track, measure, and impact metrics. He identified key KPIs and then experimented with changes until he found what worked. His whole north star to, minute by minute, structure each video, is informed by the KPIs. His whole strategy is built upon metrics by metrics.
He clearly is obsessed with them to a degree few are. Some startups don't even know how much money they make, how much money they lose, etc.
I believe Job's was providing this perspective more in the late 2000's after he had been through the whole Apple exile/Next thing.
- they believe velocity is simply additive (A player + B player > A player)
- they look too much into credentials (big name school / employer) and do not adequately vet ability
- they start with the attitude “let’s give this person a chance and see if they work out” and become too reluctant to fire when they turn out mediocre.
Teams should be more comfortable staying small longer in my opinion.
It should be "always retain A-players". You can hire as many ABC's as you like - some of those C's will become B's and A's, and some of the B's will become A's, and the rest .. you let go with severance.
Thats the free market, baby. Live with it, or perish.
Well one choice you might make is to hire some number of 'mediocre people' instead of one 'A-player'; the ratio of more junior to more senior; etc.
Steve Jobs would be non existent in terms of ver getting off the ground without Steve Wozniak.
Another visionary without the ability to execute and deliver.
It’s good they got together.
Expecting your workers to never make the same mistake twice is extremely harsh and only works if you are comfortable with a lot of volatility in team structure & in an employer's market.