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I can empathize with the merits of this idea but I also agree that such cult worship of a business idea is absurd. There is a massive gap between the output of
by austincheney 6y ago
I can empathize with the merits of this idea but I also agree that such cult worship of a business idea is absurd.
There is a massive gap between the output of passionate people who go the extra mile to provide original solutions in the highest quality way versus people who watch the clock and press buttons on a keyboard. The biggest problem is how to achieve maximum talent. The solution is ownership and setting high standards, not compensation.
Ownership means allowing some control of product decisions and connecting compensation to product performance. The product staff must be willing to work hard because there is a clear connection between their effort and their rewards. This is more like a commission than a salary or equity package.
If founders really want to instill that mentality for the long term they will earn a slice off the top while driving product strategy just like a sales manager. That redirects energy away from the founders and investors back toward the thing driving revenue.
- hibbelig 6y agoWhat about those who are intrinsically motivated?
- Veen 6y agoIt's a good question, and I think the article's author unfortunately brings two different things together: i) People who are intrinsically motivated to do good work, regardless of who it is for. Personality psychologists call this quality conscientiousness, and it's as predictive of good outcomes as intelligence. ii) People who are willing to sacrifice all other aspects of their life in their employer's interest. Hiring type i people is an admirable goal. Hiring and taking advantage of type ii people is not.