Startups and the challenge of building a team
Building a team is one of the biggest challenges—and blind spots—of a startup. Talent has a cost and requires a coherent compensation package: salary, variable pay, benefits, and, when market levels cannot be met, well-defined equity. Paying below market without compensating with real equity leads to poor hiring decisions, turnover, and burnout. “Project attractiveness” does not replace an honest economic offer or respect for the market.