
Don't Die of Heart Disease
During my "hiatus" I've been doing research in a variety of different areas that interest me. After a personal experience with basal c...
The Deal
Founders have little to no diversification. They are all in on one idea, company, and mission. It's an insanely high-risk, high-reward endeavor. As founders become increasingly wary of this level of risk concentration, they begin to think about ways to mitigate it. One idea I've heard repeatedly is the notion that a group of founders can self-assemble and contribute a percentage of their equity in their company to a shared pool. That way, if they fail and one of the other founders in the grou...

Sequoia Wants It Hard
I have seen a lot of young first-time founders play it fast and loose in their fundraising processes the past several years. It’s been frothy times, so I think it brings out a lot of strange behavior. It got me thinking of when I was a young founder and the things I’d do, particularly one specific story that I tell people when I get asked “what not to do” when fundraising. Back in 2010 Steve and I launched GroupMe to much fanfare. It got a lot of attention out the gate because we built it at ...

Don't Die of Heart Disease
During my "hiatus" I've been doing research in a variety of different areas that interest me. After a personal experience with basal c...
The Deal
Founders have little to no diversification. They are all in on one idea, company, and mission. It's an insanely high-risk, high-reward endeavor. As founders become increasingly wary of this level of risk concentration, they begin to think about ways to mitigate it. One idea I've heard repeatedly is the notion that a group of founders can self-assemble and contribute a percentage of their equity in their company to a shared pool. That way, if they fail and one of the other founders in the grou...

Sequoia Wants It Hard
I have seen a lot of young first-time founders play it fast and loose in their fundraising processes the past several years. It’s been frothy times, so I think it brings out a lot of strange behavior. It got me thinking of when I was a young founder and the things I’d do, particularly one specific story that I tell people when I get asked “what not to do” when fundraising. Back in 2010 Steve and I launched GroupMe to much fanfare. It got a lot of attention out the gate because we built it at ...
Share Dialog
Share Dialog
This weekend I read an article about Gen Z in the workplace with a funny title: The 37-Year-Olds Are Afraid of the 23-Year-Olds Who Work for Them. There was a choice quote that stood out to me:
Mr. Kennedy [a millennial] interviewed a Gen Z candidate for a full-time position who asked if she could stop working for the day once she’d accomplished the tasks she’d set out to do. He responded that her role was expected to be a nine-to-five.
CEOs and managers are going to have to radically change the way they think about employment in order to adapt to today's world and succeed. In my mind, when an employee has finished the work they need to accomplish for the day, they should do whatever they want. They can go to the spa. Take the kids fishing. Work on their side-project. Even work another job. Several years ago I'd have balked at what I just wrote, but why the hell not?
One of the things I've come to understand over time is you need to be crystal clear about the expectations you have for employees. Like write-them-down-and-share-them-and-review-them-every-month-type-clear. It makes life super easy when it comes to performance management and to objectively tell when someone is living up to your expectations and doing their job well, or falling short. Writing them down and regularly reviewing them is also a great way to stay on the same page and course-correct if needed.
So when someone is living up to expectations and doing the work they need to do on a day-to-day basis, it really shouldn't matter if they put in two hours a day or fifteen hours a day. In a world where things are becoming increasingly remote and virtual, outcomes matter most (they always did, but this is increasingly amplified). Meeting expectations matters. The raw number of minutes hunched over a keyboard doesn't mean shit.
Now that doesn't mean a two-hour day is for everyone. But for someone who wants to get the job done and then do other stuff, this option will become commonplace. Because why not? It makes sense. Other people will want to drastically exceed expectations and give their all to a thing and work tirelessly. It doesn't necessarily make them better, it's just different. You need both types of people when building a company. I've talked to several founders and technology execs recently that are internalizing this. It's impacting the way people think about hiring and constructing teams and they're rethinking roles especially for IC positions where it's totally cool for someone to get the work done and that's that. For people who want to do this, employers are going to have to quickly adapt because the most talented people who want variety and particularly prefer the IC route are going to likely pursue this option.
The world changed fast in the past two years, and this is a welcome evolution that will free a lot of people from the silly construct of a 9 to 5. So if you're hiring for a role where you know exactly what you need and a candidate asks if they can leave after they've done the job, I hope you happily answer Yes.
This weekend I read an article about Gen Z in the workplace with a funny title: The 37-Year-Olds Are Afraid of the 23-Year-Olds Who Work for Them. There was a choice quote that stood out to me:
Mr. Kennedy [a millennial] interviewed a Gen Z candidate for a full-time position who asked if she could stop working for the day once she’d accomplished the tasks she’d set out to do. He responded that her role was expected to be a nine-to-five.
CEOs and managers are going to have to radically change the way they think about employment in order to adapt to today's world and succeed. In my mind, when an employee has finished the work they need to accomplish for the day, they should do whatever they want. They can go to the spa. Take the kids fishing. Work on their side-project. Even work another job. Several years ago I'd have balked at what I just wrote, but why the hell not?
One of the things I've come to understand over time is you need to be crystal clear about the expectations you have for employees. Like write-them-down-and-share-them-and-review-them-every-month-type-clear. It makes life super easy when it comes to performance management and to objectively tell when someone is living up to your expectations and doing their job well, or falling short. Writing them down and regularly reviewing them is also a great way to stay on the same page and course-correct if needed.
So when someone is living up to expectations and doing the work they need to do on a day-to-day basis, it really shouldn't matter if they put in two hours a day or fifteen hours a day. In a world where things are becoming increasingly remote and virtual, outcomes matter most (they always did, but this is increasingly amplified). Meeting expectations matters. The raw number of minutes hunched over a keyboard doesn't mean shit.
Now that doesn't mean a two-hour day is for everyone. But for someone who wants to get the job done and then do other stuff, this option will become commonplace. Because why not? It makes sense. Other people will want to drastically exceed expectations and give their all to a thing and work tirelessly. It doesn't necessarily make them better, it's just different. You need both types of people when building a company. I've talked to several founders and technology execs recently that are internalizing this. It's impacting the way people think about hiring and constructing teams and they're rethinking roles especially for IC positions where it's totally cool for someone to get the work done and that's that. For people who want to do this, employers are going to have to quickly adapt because the most talented people who want variety and particularly prefer the IC route are going to likely pursue this option.
The world changed fast in the past two years, and this is a welcome evolution that will free a lot of people from the silly construct of a 9 to 5. So if you're hiring for a role where you know exactly what you need and a candidate asks if they can leave after they've done the job, I hope you happily answer Yes.
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