Some thoughts from Keith Rabois (and Jack Dorsey) about talent in a start-up, as interpreted by First Round, and the proper management of it.
First, as the leader, you need to be an editor, you cannot be writing all the time. You need barrels — someone who can take the idea from conception to live. For example, you cannot have a tech lead — just to take one functional area — who you constantly have to write the script out for.
If you think about people, there are two categories of high-quality people: there is the ammunition, and then there are the barrels. You can add all the ammunition you want, but if you have only five barrels in your company, you can literally do only five things simultaneously. If you add one more barrel, you can now do six things simultaneously. If you add another one, you can do seven, and so on. Finding those barrels that you can shoot through — someone who can take an idea from conception to live and it’s almost perfect — are incredibly difficult to find. This kind of person can pull people with them. They can charge up the hill. They can motivate their team, and they can edit themselves autonomously. Whenever you find a barrel, you should hire them instantly, regardless of whether you have money for them or whether you have a role for them. Just close them.
In addition to trying to hire all the barrels you can, at a start-up every marginal person you hire should be relentlessly resourceful. There are people who are just better than others at getting things done, and those are the kind of people you need in large numbers early on.
If you can build a team that’s barrel-heavy and is relentlessly resourceful, your job as the leader of a company is really to just be the editor — a concept that Jack Dorsey has now made mainstream. Every time you do something, you should think, “Am I writing or am I editing?” You should be able to tell the difference immediately. It’s okay to write once in a while, but if you’re writing on a consistent basis in marketing, or in legal, or in product, or business development, or whatever the case is, there’s a fundamental problem with that team. Get into a position where you are editing all the time.
The analogy of an editor is great, because what an editor does is not the work product. Think about a reporter. The reporter writes the story. The editor may ask clarifying questions. The editor may simplify and extract things, edit things out or leave things in, or occasionally reorganize things that require follow-up. But, fundamentally, editing is the role.