Sahil Lavingia, the founder of Gumroad gave this outstanding interview where flexible work is a central topic – pretty different to most of the Founder content we get these days.
Flexible work – more important than remote work?
Apparently it is! Among the main takeaways:
- Flexible work is more important than remote work, profit sharing is better than equity.
- He tries to hire engineers on a part time basis so they can have a life outside of the company: “I’m trying to make an explicit case to amazing engineers: You can work for Gumroad for 20 hours a week and make $100k a year. Or you can work at Facebook for 60 hours a week and make $250k a year. Would you rather make $100k less a year but get 40 extra hours per week?”
- The VC road is toxic because it creates an artificial time based thinking (“by X date next year I need to be at X point”)
- Being psycho about goals is just as bad as not having goals at all. They should serve as motivation, but not dictate your life. You should think a few steps ahead, but at the end of the day, no plan survives contact with the enemy.
- With OKRs, at the start you want structure because you don’t know what you’re doing. When you start figuring stuff you, you realize you don’t need a lot of extra stuff. It can be loosely defined.
- He believes in profit sharing with Contractors.
Sahil seems very ‘unattached’ to his project which provides an interesting perspective.