Those $35m were only $6m just 5 months ago, and we all know what contributed most for the increase. If the Fed eyes tapering of its asset purchasing on the horizon in Q3 and interest rates rise, we may get in a recession by Q1 '22.
“Insanely hot… many options…” Are people job-hopping, and are they doing it for the money? Who wants to attract people for the money, compared to loyal people who believe in the promise of the DAO? And how does one arrive at “30%”? Is anyone failing to attract the talent they need because of low pay, has anyone complained, or is it for other reasons /work environment, product/? If you increased pay, are you definitely going to attract much better talent or just the same people who would apply anyway, but just pay them more?
If pay increased, that will also include all currently working, and fixed recurring costs are the killer of capital, the biggest liability. Every organization strives for capital efficiency, quantifying its needs and adjusting hiring based on those. Hiring should happen in areas that amplify efficiency and product monetization effort. Teams need to be optimized for distribution and performance, improving on the product-engineering delivery process. Would attracting new people with money result in increased productivity and profits to sustain the DAO in the future, or just drain its reserves faster? Unless there is a really hot innovative product already in the making that needs rolling out ASAP, there is no urgency to go wild spending. Spending should be increased based on income or at least the prospect of income, not treasury. Apple has nearly $200 billion in cash, but it doesn’t pay its employees more than other tech companies. Spending from treasury should be seen as debt, unless you put back equal amounts or more from revenue streams. All work has to be monetized and provide a good return, in order to be sustainable. In efficiently managing the organization, with the onboarding of new people, everyone should bring as much to the table as possible to pull their weight.