WHAT'S YOUR PROBLEM? “Everyone complains about IT talent shortages and high turnover in Silicon Valley. It’s an environment in which people are given tons of amazing opportunities. So people work on a project, that project becomes successful to the point where it’s in a different phase of its life cycle, and then they move on.”
TELL ME ABOUT IT. “The business structures of most companies out there today don’t meet the needs of a certain class of people: techno-cowboys who join an existing company and Þnd themselves stiþed by bureaucracy, and rising stars who get frustrated by the inability of a big company to move nimbly. These people are predisposed to change jobs.”
WHAT'S YOUR SOLUTION? “I call it ‘passion management.’ We encourage our portfolio companies to poach our talent and vice versa. People can switch jobs without affecting their pay scale or their beneÞts. This policy applies to everyone at 100X, at all different levels. We work with them to provide an in-house, real-world training opportunity.”
contact ken lang by e-mail (firstname.lastname@example.org), or learn more about 100x inc. on the web at www.100x.com.