Building Trust in Startups: Retaining Your Best Team

Name: Building Trust in Startups: Retaining Your Best Team
Uploaded: 2024-11-18T13:11:28+00:00
Duration: 32 s
Channel: Jason M. Lemkin
Description: Jason M. Lemkin says early-stage startups live or die on trust, and founders should keep their best people for four to five years. What looks like…

18 Nov 2024 · 1 min

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Jason M. Lemkin says early-stage startups live or die on trust, and founders should keep their best people for four to five years. What looks like betrayal is often just disengagement. Losing your top performers early tanks the whole team.

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And, uh, it's tough because when you, when you, this whole, the whole startup thing is built on trust, right? Teams are too small. You have to have trust. And also the longer you go on, the more people breach that trust, right? You think they breach the trust, but the truth is they just, they just don't care. So, um, there's probably fewer people that you can really count on in the distance, but if you can, there's something, there's something to be said for keeping the team together as long, as long as sometimes they got to leave the coop. Mm-hmm. Right. Sometimes they do have to go, but try— if I had to boil it all down, try to keep the best people at least 4 to 5 years.