Everyone complains about IT talent shortages and high turnover in Silicon Valley. It's an environment in which people are given tons of amazing opportunities. So people work on a project, that project becomes successful to the point where it's in a different phase of its life cycle, and then they move on. These people are predisposed to change jobs. We encourage our portfolio companies to poach our talent and vice versa.
People can switch jobs without affecting their pay scale or their benefits.
This policy applies to everyone at 100X, at all different levels. It's about letting people develop new skill sets, learn from other people in different areas, and become well-rounded entrepreneurs. People can work on a project and get it off the ground, and then jump to the next company in our portfolio to help get a new product started. Or they can stay with the original company but in a completely different capacity. Of course, we don't force people to change jobs.