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The competence is their half and the only bit of filtering - them sticking around is "yours" (the start ups) as you set the environment, pay, and benefits.

I don't know how big the percentages are but a worker's decision to stick around is a function not only of environment, pay and benefits. It's also a function of the worker's level of interest in the company's subject domain, individual desire for continuity, risk aversion, etc.

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