By capable I mean not only smart, but also able to plan etc.
For example, if unforeseeable things in your business happen often, you can and should plan for them. E.g. know what the priorities will be in advance (what is more important speed or quality?), take aside some money/time for solving these etc.
If the company spends too much time putting out fires, then something is wrong no matter how smart they think they are.
Assuming you are the resilient type who is capable of founding a startup, you'd get a much better deal either founding your own company or just joining a runaway success startup and get experience and build your network while saving up dough.
Either be a founding member, or join a larger already successful company who will give you market compensation. Don't get caught in the middle soup of being taken advantage of and often being part of a very poorly run companies.
see news about $100M exits ==> 0.5% == $500k
heard mention of a 10% success rate ==> $50k expected value
$50k == (market_rate - salary) ==> sounds about right
Which of course misses that (1) the utility of large amounts of money isn't linear (expected value doesn't work that way on single occurrences); (2) future money should be discounted by some rate; and (3) your equity will get diluted.And that the slaray difference is per year, and the equity is a one-time thing. And whatever else I missed.
These "how to hire" posts are getting so tired. Not because its a bad subject but because they are completely empty.
Which I agree with. I've worked with people who started crying at the first sign of trouble. I've worked with people who wanted to make every single encounter into a fight. Both of these are completely toxic to a start-up.
I really worry, though, about these hiring practices that are just psychological tests designed by non-psychologists, like this:
Hire people who emailed you a dozen times before you had a chance to reply
I usually stop emailing after 3 or 4 times, figuring that that 4th email already made me look desperate.
I've said it before and I'll say it again: a lot of these "how to find good employees" are as rigorous as dating advice in the latest issue of Cosmo.
My favorites are of the "never hire Xs" variety, as a manifestation of the snake bite effect. Woah... what happened between you and someone with a dual CS/Art History major?
Why is this an irrational viewpoint? Sure, someone who has an advanced degree is unlikely to be dumb. But as any remotely educated person should know, it does not follow that someone who does not have an advanced degree is not smart.
I think the obsession with advanced degrees is fascinating though. Do people really believe that getting an advanced degree will make one a more productive web developer? Are the years spent getting that advanced degree remotely comparable to years of meaningful industry experience? Or comparable to using the countless online resources to educate oneself in topics that are directly applicable to web development?? Hint: no.
[1] "Brains don’t matter as much as resilience in your first couple of years as a startup. I borrowed a lot of money to put myself through one undergraduate and two masters programs so, yes, it hurts to write that."
However, I do think culture-fit (which is way more important than personality) is as important of a criteria, even more so for early stage start-ups. When you're building an organization, you have a vision not only for what you want that org to achieve, but what you want it to look like. In an early stage company, even one person that goes against that culture could represent 25% of the company. Their mere presence serves to undermine what you want to build, and as they say... the one rotten apple rots the rest.
I'm not saying these are bad people, a culture-mismatch at one org is a culture-fit at another org, but this is an important criteria. I recognize also that this really drags down the recruiting process. There are some ways to get around it (e.g., trial work weeks, part-time contractor positions), but these have been discussed on HN before and are not immediately relevant.
Just more food for thought.
The latter is an important point, but the idea that all startups have this attitude towards employees and crisis management is not accurate.
How important is it for potential candidates to know if the culture at a startup they are considering working for has these values? I'm guessing a blog like this turns off a lot of people, but to the author's point, not anyone they would hire. Effective :D
FD: back end dev at Mighty Spring, we do startup hiring. (mightyspring.com)