Most startups fail — it’s inevitable. What isn’t inevitable is that the talented people that learned lessons during the failure go back to normal, non startup jobs. In fact, people usually learn more from their failures than from their successes, and post failure is a great time to join another startup so that the lessons learned can be shared.
Startup communities need to embrace and help facilitate the recycling of talent.
Here are some ideas around recycling talent in a startup community:
- Creating an environment where many startups work in the same physical area, and thus have great startup density, naturally increases the recycling of talent
- Failing at a startup should be seen as part of the process, and a good time to recycle talent into other startups that are working
- Reducing the fear of startups poaching from other startups, knowing that talent should work on the best opportunity available, is an important philosophy for the community
Talent is the most scarce resource anywhere and needs to be recycled in the startup community to increase the odds of success.
What else? What are your thoughts on recycling talent in a startup community?