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That might be true for startups, but my former employer is a 20+ year old established company with a specific niche. Growth is limited, but business is stable a

• pm90 5y ago
  In that case it sounds like they have found product market fit and are mostly content with the way the business is growing and likely don’t need the kind of “top talent” that you offer. They’re ok with “mediocre talent” since talent isn’t enabling growth or survival. The market is pretty brutal but I’ve seen many extremely talented folks work at mediocre organizations because of reasons other than financial. I guess everyone is happy with the arrangement.
  • ivraatiems 5y ago
    You'd think and hope so. To be honest, I think they're trying to have their cake and eat it too - that's part of why I left. They wanted to grow and had all these strategies for doing so, but not nearly the resources to do it, and were unwilling to invest in getting more of them. We got a lot done with a little, but there were clear limitations. It was an outlook I never quite understood. The core business was and is strong, reliably profitable and has made plenty of people quite wealthy and employed dozens more gainfully. Why mess with that success? What's in it for them? What's the point of (fake numbers) $100m in sales vs $50m when it comes to our 70-person company and small number of private, non-institutional owners? But I am, of course, not the one who makes such decisions.