“When comparing salaries, consider the long term output — a seasoned person can produce 3x that of a junior person with less maintenance required later on,” says Akselrod. “I think it’s much more efficient to pay more to seasoned developers who produce more.”

If you want the startup to reach the top spot in a very short span one would rather higher a core team than a whole bunch of code monkeys and put them to the test. The core team must be trustworthy and ready to take the risks. Quality production is guaranteed with such a structure.

It is easy to hire junior developers when compared to hiring senior developers who demand bigger pay checks. Though it turns out to be a costly affair it is worth the money. It is basically a productive investment.

Akselrod also acknowledges that being stubborn in these policies may not work for everyone and that some people enjoy working with younger folks and teaching them along the way. But this has been his secret weapon all these years and he has been implementing this model which gives wonderful results. Akselrod boasts zero transformation on his New York team over the last four years.

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