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Annie Duke – Why Great Investors Are Great Quitters | #448

The Meb Faber Show - Better Investing

CHAPTER

I Owe It to My Employees to Keep Going

A lot of startup founders, when things start to falter and they're not going, one of the rationalizations that they have for continuing is that what about my employees? I owe it to my employees to keep going. Stuart Butterfield was the one who kind of first framed it that way for me as he was making the decision to shut his company glitch down. He said you owe it to your employees to actually let them go so that they have the opportunity to go find something that is worth their time and their attention where the equity is worthwhile. And we saw a really big example of this with people who quit in the first place because they were laid off by other companies.

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