Patrick Collison on how hiring changes as a startup scales

Patrick Collison explains how hiring priorities shift as a startup grows. Early on, you need people productive immediately. As the company scales, you can invest in talent with longer learning curves and bigger potential upside.
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One thing that I think tends to take people by surprise, and certainly took me by surprise, is kind of how quickly, just like the time horizons change in that sort of in your first month, you're largely thinking about things maybe one month ahead, right? In that maybe that's kind of what your development roadmap is oriented around, even in terms of who you're working with. Maybe it's like really informal relationships where they haven't sort of fully committed to remain full time or whatever. Right. And that kind of, the more time goes by, I think that kind of has a reciprocal or corresponding increase in the time horizons. After one year, you're kind of thinking one year ahead. After four years, you're thinking four years ahead. And that increases very quickly. Right. And so after, you know, say after one month, it's again, super short term. And then just 11 months later, you should now actually be thinking and planning a year ahead and think about kind of human structures on that time horizon, thinking about stuff Ben talked about, where you want to be going long term and things like that. I think that also plays into your hiring and the kinds of people you hire in that in the really early days, you kind of have to hire people who will be productive essentially immediately. You don't have the luxury of hiring people who are sort of really promising, but they're not quite going to be up to speed for another year or two. They have to be able to contribute immediately. But after two or three years now, it starts to get much more reasonable to make those investments. In fact, if you're not making those investments, you're probably being much too short term. And so I think that's really important.
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