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Anonymous
What are the best ways to attract good talent?
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Growth: You need to offer better growth opportunities than MNCs. Someone working at an MNC typically will rise up slower (in some cases, significantly slower) than at a fast-growing startup. For great employees, they can go from analyst head of a department within 3-4 years.
You need to sell your startup's growth trajectory too. If you've raised a funding round, make sure you talk about that. Sell your vision to potential hires. Convince them that their equity will be worth x times more in the next 3-5 years that they're with you.
Compensation: If growth is good, you don't necessarily need to offer equal compensation. However, it's always best if you can at least match their current compensation. It doesn't need to all be in cash; you could do a mix of cash + equity.
While you're growing your startup, make sure you have Startup Insurance in place; you certainly don't want a lawsuit or some other large risk derailing your growth.
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