Before I worked in venture capital, I worked at a firm called Boston Consulting Group. It’s full of great talent (in particular, high-slope young professionals), interesting work, and luxurious perks. Yet top consulting firms still experience really high rates of churn. I’ve spent a good part of the past few years thinking about why that is. More specifically, how to avoid the pitfalls that lead to high churn. One simple framework is to view the costs and benefits undertaken / enjoyed within ...