Someone recently asked me “how can I motivate my team member when the market is down and the value of their stock options may not grow as quickly?” I initially tried to answer the question by focusing on the odds of startup valuation still growing faster than other asset classes, and other non-linear & intrinsic value of social capital accumulated at startups that may introduce new opportunities later in life. But I didn’t find my answers satisfying at all. I thought about why.
Over time, experience has taught me that more often than not, defining the right problem to solve is far more important than the solution itself. Perfect solution to a wrong problem is just plain wasteful.
So how can one motivate their team member when things are getting tough? What are the mechanics behind motivation that can give us insights into finding the right solution to the problem?Continue reading “On Motivation”