Drew Houston: Over-indexing on internal promotes or outside hires causes failure modes
Drew Houston · Building the Silicon Brain - Drew Houston of Dropbox · Oct 18, 2024 · at 1:09:15
Drew Houston, Co-founder and CEO of Dropbox, discusses leadership lessons on balancing internal high-potential talent promotions with external executive hiring.
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“You just don't want to be too rotated in one direction or the other because we've done it. We've like overdone it on the high potential piece, but then like everybody's kind of making dumb mistakes. The bad mistakes are the ones where like, Either you're making it multiple times or like these are known knowns to the industry, but if they're not known known, if they're like unknown unknowns to your team, then you're doing, you have a problem. And then again, if you have too much, if you've just only hire external people, like then you're sort of at the mercy, you'll be like whatever random average of whatever culture or practices they bring in can create resentment or like lack of career opportunities.”
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