Hi Joey, thanks for replying. Zooming in on this point: ‘If we did closed rounds including people from prior cohorts, we would likely lose ~50% of our talent pool but save ~90% of team time on vetting and comms.’
What’s a ballpark figure for the amount of money that 90% of team time represents? This is the amount that could potentially be saved per round.
Having that figure is important; it would help one to assess whether it’s a potentially good trade-off. If the amount would be substantial, then the savings could fund the fewer charities that are incubated, for example.
P.S I’m also unsure of how hiring from near-misses = fewer charities. There’s probably a large stockpile of finalists, just from the final 1% of previous rounds.
Hi Joey, thanks for replying. Zooming in on this point: ‘If we did closed rounds including people from prior cohorts, we would likely lose ~50% of our talent pool but save ~90% of team time on vetting and comms.’
What’s a ballpark figure for the amount of money that 90% of team time represents? This is the amount that could potentially be saved per round.
Having that figure is important; it would help one to assess whether it’s a potentially good trade-off. If the amount would be substantial, then the savings could fund the fewer charities that are incubated, for example.
P.S I’m also unsure of how hiring from near-misses = fewer charities. There’s probably a large stockpile of finalists, just from the final 1% of previous rounds.