Compensation can be an enormous struggle as a startup grows. A company often finds itself with considerable compensation inequity between initial hires and the must-have hires as it grows. This First Round Review article uses Instacart’s learnings to advocate for a data-driven approach to compensation.
The best companies have the best teams and the best teams are fostered by great managers. This Tomasz Tunguz article gives meaning to the usually dreaded weekly one-on-ones managers have with their employees, including easily implemented changes a manager can include for effective one-on-ones.
Slack has become a common communication tool amongst employees and teams particularly with startup companies. This hilarious UserOnboard open letter to Slack describes an employee’s feelings and struggles with the well-intended platform.
As a company grows, so must a Founder’s day-to-day approach managing employees. At first, a CEO will find his/herself a functional manager. Then, at some point in the company’s growth, he/she must make the challenging transition to a strategic CEO who doesn’t have time to coach his/her managers. This means the right executives must be ready to hit the ground running as a world class addition to the company without great oversight. This Recode article describes why and how to hire and foster the right executive team.
Kim Scott very honestly discusses the importance of a CEO having radical candor with his/her employees in this video posted on First Round Review. Her thesis is that you can (and must) care deeply and challenge directly. She discusses the reasons why and explores how with personal examples.