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Startup CEOs Aren't Really CEOs
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Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
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Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
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Heat-Seeking Missile: WePay’s Journey to Product-Market Fit — Interview with Rich Aberman, Co-Founder of Wepay
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Chapter #1: First Steps To Validate Your Business Idea
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Drop Your Free Tier
Your Advisors Are Probably Wrong
Growth Isn't Always Good
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Actually, We Have Plenty of Time
Quitting vs Letting Go
How Startups Actually Get Bought
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Startup Financial Assumptions
Why Every Kid Should be a Startup Founder
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Founder Success: We Need a Strict Definition of Personal Success
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Founder Exits are Hard Work and Good Fortune, Not "Good Luck"
Finalizing Startup Projections
All Founders are Beloved In Good Times
Our Startup Culture of Entitlement
The Bullshit Case for Raising Capital
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Startup Failure is just One Chapter in Founder Life
6 Similarities between Startup Founders and Pro Athletes
All Founders Make Bad Decisions — and That's OK
Startup Board Negotiations: How do I tell the board I need a new deal?
Founder Sacrifice — At What Point Have I Gone Too Far?
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Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
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How Many Deaths Can a Startup Survive?
This is Probably Your Last Success
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The Case Against Full Transparency
Should I Feel Guilty for Failing?
Always Take Money off the Table
Founder Impostor Syndrome Never Goes Away
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The Invention of the 20-Something-Year-Old Founder

What Are The Pros/Cons of Work From Home?

Wil Schroter

What Are The Pros/Cons of Work From Home?

As a company of nearly 200 employees — almost all of which are allowed to work from home — we know this struggle well.

Over the past few years we've developed a significant work from home policy at Startups.com and have learned a ton from our experience.

Won't everyone just goof off at home?

Unreliable employees will totally goof off — they will absolutely abuse the luxury.

In our first few months converting to work-from (only one day a week) we quickly learned that some employees totally took advantage of the freedom, in some cases just considering it a day off.

Sadly that meant we had to part company with some folks, but in retrospect, it only advanced a decision that would have taken us much longer to make had we not needed to evaluate the impact.

But for 95% of the staff, they respected the latitude and rewarded it with great productivity.

How do we manage productivity when people aren't here?

What we learned is that any method we use to manage productivity: by stats and milestones.

We've yet to see any demonstrable difference between the output of hundreds of high performance and talented folks in the office versus out of the office.

We've developed new habits of check-ins and updates that we manage through Slack chats versus in-person meetings. Incidentally, we found ourselves freeing up a lot of time.

Aren't people working more at the office?

Not as much as we'd love to think.

Between social media, texts, Slack chats, and cat memes — basically, the Internet — we're buried in distractions no matter where we are.

Being at the office provides a little bit of focus, but as managers if we think the distractions only exist at home, we're being totally unrealistic.

What are some of the major benefits?

People are just 100x happier.

They get to see their kids, they get to avoid a commute, and they get to work in their footie pajamas!

When you compare that lifestyle to having to go work for another company (even for more pay!) where you're stuck in an office 5 days as week, it's not even worth it.

We begin competing not for dollar compensation, but for lifestyle compensation. Since we've increased our work from home policy to 3 days per week, and 5 days per week for out of state staff, our retention has moved to nearly 95% year over year.

If you're still on the fence — give it a trial period. That's what we did years ago by testing "WFH Wednesdays" for a full month. It was so popular that it changed our entire culture.

Maybe yours could too!

In Case You Missed It

The Science of Staying Productive. Sujan Patel sits down with John Rampton, Founder & CEO of Due.com, to discuss the methods John uses to keep his team (and himself) productive.

10 Reasons Remote Work Rocks. Servixio CEO Alfred Cardenas shares how he believes remote work has benefitted his team and his clients after deciding to make his company 100% virtual.

How Much Should I Be Working? (podcast). While there's truth to the assumption that more hours equals more growth, Wil and Ryan explore how it benefits to think quality and not quantity when it comes to your weekly punch card.

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