Masters of Scale Rapid Response: Remote teams as an intentional choice, w/Wences Casares of Xapo
Apr 22, 2020
Wences Casares, a serial entrepreneur and founder of Xapo, discusses the intentionality behind remote work. He shares how embracing a fully distributed model has allowed his company to thrive, emphasizing the creativity unleashed by geographical freedom. Casares offers insights on effective communication, recruitment strategies, and building supportive home offices. He also tackles the challenges of employee burnout and the importance of establishing structured routines, turning remote work into a remarkable competitive advantage.
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Soccer Analogy
- Wences Casares uses a soccer analogy to illustrate the advantages of remote hiring.
- If two teams had the same budget but one could hire globally, the global team would have a significant advantage.
Two-Class System
- Fully remote or fully in-office models are easier to manage than hybrid models.
- Hybrid models create a two-class system, disadvantaging remote workers due to limited informal communication.
Remote Work Habits
- Establish clear routines and dedicated workspaces when working remotely.
- This helps prevent burnout and maintain a healthy work-life balance, similar to the structure provided by an office.