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Equity

Recruit, retain, resign, re-skill, repeat

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 23 February 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: How has the great resignation changed the way startups hire?  The conversation started with defining the Great Resignation and sharing numbers to back the sentiment that everyone can't stop talking about. As always, the flowed to naturally care more about the employees within startups, and their feelings, than employers and the power they've traditionally sat atop.  To check our 'what about VC' box, we talked through what startups are facing today in terms of a labor market, how it has changed, and how they might be able to compete with big-tech's big dollars. After all, is any company going to be able to beat Meta on comp? Probably not. Alex thinks VCs are the new recruiters, which will help startups some. From the other angle -- putting labor in our remit and not capital, for once -- Natasha wants to ditch her 9-5 to represent Shopify employees, it seems. We won't let her, naturally. Closing, it appears that the forces driving more venture capital into early-stage companies are not too far from the causes of the labor shortage. Everyone is looking for return, either on their labor, or their capital. And that means a tight hiring market, and picky workers. https://techcrunch.com/2022/02/19/arlan-hamilton-wants-to-reroute-how-startups-hire/ Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, a podcast about the business of startups where we

0:14.2

unpack the numbers and nuance behind the headlines. I'm Natasha Masquerainis and

0:18.5

this is our Wednesday show where we niche down into a single topic, think about a question and unpack the rest.

0:25.2

This week we're asking, how has the great resignation changed the way startups higher?

0:30.3

Somehow I don't think we've sat down and dedicated an entire episode to this conversation,

0:34.6

but it's been a talking point in nearly every single call I have with founders, and same with Alex

0:39.6

Willem, who's here today to talk it through. Alex, hello and how are you feeling about work these days?

0:45.6

Well apparently I should be quitting given the topic of the conversation.

0:48.7

Don't tell my boss that but apparently it's the new jam. I've been back at TC for more than two years now.

0:53.6

Maybe I should like you know I'm kidding I'm not going anywhere there's nothing else I want to do

0:57.8

but like it is the season for leaving a kind of everywhere it feels Natasha.

1:02.2

100% like I feel kind of left it feels, Natasha.

1:02.6

100% like I feel kind of left out.

1:04.7

A lot of my friends left their companies almost a year ago this month

1:09.3

and I feel like they were early.

1:10.8

But they all were like having these conversations about salary, negotiation, empowerment, and the

1:16.3

great resignation does impact all of us, even the ones that aren't planning on going anywhere.

1:22.1

And that's the really the big reason why we wanted to talk about it. It's

1:24.4

pretty unavoidable at this point and today we're going to spend time, I guess going

1:28.4

through the numbers on what the Great Resignation is actually looking like in terms of

1:31.9

people who have quit, people who are making more money

1:34.8

than they were before and who's being left out of that conversation.

...

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