Barrett: Startup failure is devastating for founders, but merely a bummer for employees
David Barrett · Good Intentions, Bad Advice: How to Keep Your Board Aligned with Your Vision · Jan 8, 2018 · at 4:08
Expensify CEO David Barrett analyzes startup board alignment and the divergence in downside risk between founders and early employees.
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“Employees are naturally sort of aligned, ah, to your vision. But also, they don't really have the same downside as yours. Like, they're not, their emotions aren't as tied in the company as yours aren't. If they, if you lose, you know, if you fail, To you, ah, it's just a real devastating emotional turmoil. To them, it's just a big bummer. It's like, well, that was a couple of years, and I got good skills, and I can go on to the next thing. But to you, it's really hard to go on to the next thing, because you gotta pick yourself up from the ashes.”
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