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Lessons from Keith Rabois Essay 5: How to Become a Magnet for Talent and Assess Talent

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Building a startup is incredibly difficult, and there is almost nothing more important than hiring. This is especially pronounced in the early days. Your first 10 hires will set the bar for the next 90 and they’ll likely be the ones who recruit them. Set the bar too low, and your startup is doomed forever. Despite its importance, many first-time founders have never been responsible for an interview process and hiring someone. It is harder than ever to attract the most talented people to come work for you. The most ambitious and talented young people are seeing their peers start companies with very little effort, so why should they work for you? Counterintuitively it is far easier to have a monopoly on talent in a bear market since that talent has a limited set of options. Peter Thiel has said that the reason they were able to keep so many talented people around at PayPal is because they were one of the few viable options after the dot com bubble. In the current bull market you need to

Lessons from Keith Rabois Essay 5: How to Become a Magnet for Talent and Assess Talent Lessons from Keith Rabois Essay 5: How to Become a Magnet for Talent and Assess Talent published October 22nd, 2019 Building a startup is incredibly difficult, and there is almost nothing more important than hiring. This is especially pronounced in the early days. Your first 10 hires will set the bar for the next 90 and they’ll likely be the ones who recruit them. Set the bar too low, and your startup is doomed forever. Despite its importance, many first-time founders have never been responsible for an inter

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