Tom Friel on How to Attract Great Talent

From Stanford's Entrepreneurship Corner:

Tom Friel, Chairman of Heidrick and Struggles, discusses the challenges of building a great team and suggests that startups can attract great talent with a number of factors, including money, self-fulfillment, belief in the mission or belief in the founder. Friel argues that to attract and retain great talent, entrepreneurs should be generous with at least one or more of these factors and sufficient on the others. Furthermore, Friel adds only a great team can make the startup a large and successful organization and sometimes this includes the replacement of founders with a professional CEO. [3 minutes, 49 seconds]

Inc Magazine Equity for Compensation

Think of equity as a new American currency. Employees today frequently expect stock options as part of their compensation mix, and service providers often take equity stakes in promising start-ups as part of their fee. Read more in Inc. Magazine.