To avoid the trap of hiring 'good enough' people, make the interview panel explicitly state which current employee the candidate surpasses. This forces a concrete comparison and ensures every new hire actively raises the company's overall talent level, preventing a slow, imperceptible decline in quality.

Counterintuitively, paying employees significantly more than the market rate can be more profitable. It attracts A-players and changes the dynamic from a zero-sum negotiation to a collaborative effort to grow the entire business. This fosters better relationships and disproportionately larger outcomes where everyone wins.

Treat hiring as a compounding flywheel. A new employee should not only be a great contributor but also make the company more attractive to future A-players, whether through their network, reputation, or interview presence. This focus on recruiting potential ensures talent density increases over time.

The company prioritizes collaboration by assessing "kindergarten skills" like sharing and cooperation. During interviews, candidates are paired and observed on their ability to make their partner look good, which is considered more valuable than individual speed or dominance.

To maintain an exceptionally high talent bar while scaling, Coinbase's top two executives personally review a detailed packet for every prospective employee. They retain the right to veto any hire, demonstrating an extreme commitment to talent quality over speed.

To scale hiring efficiently, eliminate ambiguity. Each interviewer must make a definitive 'yes' or 'no' decision. If an interviewer is 'not sure' after their session, they are the problem, not the candidate. This prevents endless interview loops and forces clear, decisive judgment.

Instead of treating high commission payouts as a pure expense, view them as a marketing asset. Actively ensuring it's known that top reps make a lot of money serves as the best possible recruiting tool, attracting other A-players to your company.

Bending Spoons uses a radical compensation model: fixed salaries with no bonuses or performance-based incentives. The philosophy is that hiring for high integrity and professional pride fosters better alignment than complex incentive systems, which are costly, create perverse incentives, and hinder collaborative problem-solving.

The cost of a bad hire is significantly greater than the benefit of a good one. A bad hire makes your job 20-30% harder, while a great one makes it 10-20% easier. Therefore, any candidate who doesn't receive a "strong yes" from the interview panel should be rejected to avoid the high cost of a hiring mistake.