37signals put up an interesting analogy advocating hiring slow to prevent a ‘Strangers at a cocktail party‘ situation. The post likens work collaboration in an office with lots of new people continually coming in, to being like a cocktail party of strangers – lots of small talk.
But imagine a small dinner party with your closest friends, the conversation is going to be much livelier. This article makes a good point for hiring slow, but in the end, your rate of hiring will be determined by lots of factors. It comes down to striking the right balance.