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Eric Siu explains why most entrepreneurs underpay for talent. Paying 30% above market for A-level hires who deliver 10x output is one of the best investments a founder can make, not a cost to minimize.
Eric Siu explains why most entrepreneurs underpay for talent. Paying 30% above market for A-level hires who deliver 10x output is one of the best investments a founder can make, not a cost to minimize.
I think that one of the biggest mistakes entrepreneurs make, myself included when I was earlier on, is that I didn't understand the difference between A and B talent. You can pay A talent 30% above market and get 10x the output. And like, there's no sense in ever paying below market, in my opinion. You can get so much more for the extra premium that you pay that it's one of the best bets in Vegas. You know what I mean? The best trade you can make is that premium to bring the right person in that's 10 times more effective.
