Shanli Liu, a CPA and treasurer, explains the hiring trade-off for early-stage founders: pay more to attract better candidates quickly, or grind through extensive outreach and interviews to find talent willing to accept lower salaries. Both paths work, but one costs money and the other costs time.
It is faster to get better people by raising how much you're willing to pay. That being said, I have had exceptional people that came for less. You just have to talk to like 10 times more people to find those people. So it's basically like in a video game, you either have to like grind or pay. Well, if you're starting out in your business, it just means that you're going to work and the work is outreach, job postings, and doing a lot of interviews and kissing a lot of toads before you find your magic prince.
