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ARTICLE · 25 OCTOBER 2016

Building A Kick-Ass Team: 5 Lessons

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Silicon Valley Bank, along with Sheppard Mullin, recently co-hosted a panel of seasoned entrepreneurs at Runway on "Building and Motivating a Kick-Ass Team."

United StatesStrategy
Roy Goldberg
Roy Goldberg
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Silicon Valley Bank, along with Sheppard Mullin, recently co-hosted a panel of seasoned entrepreneurs at Runway on "Building and Motivating a Kick-Ass Team."

The combined experience of these panelists was incredible, and we heard some great advice about how to build and manage teams, which sometimes requires ignoring conventional thinking. The following are five of those suggestions.

1. Hire for Now

The Information reported that Snapchat has an unprecedented four-year vesting period for new employees, with the goal of encouraging long-term loyalty. It's conventional wisdom that hiring people for the long term is beneficial for any company.

But Curtis Lee of Luxe challenged this idea for early-stage startups, "Everyone says you want to hire for the long term, but that's not good for hiring. You need to find someone who can fill the role now."

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