You Need to Build a Magnet, Not a Jail Start Up Advice from Shaan Puri, CEO of $25M Bebo

Name: You Need to Build a Magnet, Not a Jail Start Up Advice from Shaan Puri, CEO of $25M Bebo
Uploaded: 2022-07-06T00:03:16+00:00
Duration: 18 s
Channel: Sam Parr
Description: Shaan Puri, CEO of Bebo, says design your company as a magnet that attracts the right people, not a jail that traps them. The perks you offer signal who…

6 Jul 2022 · 0 min

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Shaan Puri, CEO of Bebo, says design your company as a magnet that attracts the right people, not a jail that traps them. The perks you offer signal who you'll hire: freedom to work on side projects draws one type, while a tight mafia-like culture with shared commitment draws another. Align your incentives with the people you actually want.

Build a magnet, not a jail. I agree with the idea of creating a magnet, but be careful who you're trying to attract. If your perks are that you can come work on whatever you want, whenever you want, spend time on your side hobbies and go learn other languages, you're going to get people who want to do that. My company is like the mafia. I want people who are here to kick ass, blur some lines, and eat a lot of pasta.