Startupmentals: The Art of Startup Hiring and Firing

There is a consensus among many entrepreneurs when it comes to startup hiring practices: Hire slowly and fire quickly. I am not sure this is good enough if you want to increase the speed of your startup. When you’re a startup, unless the startup already has a “halo effect1” surrounding it, you don’t have the luxury of hiring slowly and firing quickly. With market odds against you, thanks to the physics of the power law2, you have to move as quickly as the wind.

From my perspective, you should...