Rief: Outgrown executives cause worse organizational bloat than outright bad hires
Austin Rief · Co-founders Austin Rief and Alex Lieberman on Building Morning Brew · Jan 3, 2023 · at 44:28
Austin Rief, co-founder and CEO of Morning Brew, reflects on managerial scaling mistakes made at high-growth startups.
0:00 / 0:29exact quote · 29.5s
720p mp4 · rendered on demand · StarZero watermark
“There's two types of mishiring, and I think people usually think about the first that I'll give you, but it's the second that really kills you. The first is you just mess up. You hire a senior exec, you know within four to six months of the wrong person hopefully earlier, It takes a month to fire them, you have to replace them, and next thing you know, you've lost a year because you have to recruit them. That sucks. But what's even worse is you hire someone who The company outgrows too fast”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Austin Rief
Rief: Morning Brew would have failed if started intentionally as a business
“We didn't intend for it to be a business. And if we did, and we thought about it as a business in 2015, I think it would have failed. We would have made long, short term decisions to make a little money here or there, but because of the side project, we didn't…”
Rief: The study claiming happiness caps at a $70k salary is wrong
“I think there's like that whole 70,000 dollar salary you know, study that people are happier at 70,000 dollars. I don't think that's true. I think I am happier”