I could have been clearer—hiring is definitely a case where you get some points for following consensus, unlike, say, active investing where you’re typically measured on alpha. And following consensus on some parts of your process is fine if you have an edge elsewhere (e.g. Google and Facebook pay more than most, so having consensus-level assessment is fine.) But I would argue that for most startups you’ll see something like order-of-magnitude improvements through Process C.
I could have been clearer—hiring is definitely a case where you get some points for following consensus, unlike, say, active investing where you’re typically measured on alpha. And following consensus on some parts of your process is fine if you have an edge elsewhere (e.g. Google and Facebook pay more than most, so having consensus-level assessment is fine.) But I would argue that for most startups you’ll see something like order-of-magnitude improvements through Process C.