Having worked at four separate Wall Street firms, having seen a variety of talent at those places, and having competed against Goldman as a banker, one thing you have to be struck by is the power of their recruiting.
The field of 'economics and organization' is still young and needs support. I have been a chaired professor much of my academic life and know that such chairs are important for recruiting and retaining faculty.
I'm not bothered when other VCs start hiring great designers or start recruiting. That's the direction I'd like it to go.
It's very rare that Georgia and Alabama are the only two teams recruiting a kid.
States with better-educated citizens also see economic benefits. These states have better luck recruiting and retaining quality employers, and they enjoy lower overall rates of unemployment, poverty, and welfare dependency.
A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.
Probably the number one position that has the greatest number of players to choose from is receiver. When we're out there recruiting, there are a lot of receivers out there to recruit. It's harder to find defensive players.
