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> Wave and Hello.com each had over 50 engineers, and Andy Rubin spent several hundred million (perhaps billions) on robotics acquisitions, all for projects that
by dunpeal 8y ago
> Wave and Hello.com each had over 50 engineers, and Andy Rubin spent several hundred million (perhaps billions) on robotics acquisitions, all for projects that ended up getting canceled.
And they all got canceled once their business case became void.
None of these were bogus projects. They all initially had a business case, and were run by engineers who proved themselves before. When that business case fail to pan out - they were canceled.
> At some point the difference between "engineer retention project" and "risky venture that probably won't pan out but could win big" ceases to matter.
Maybe to you as an employee. Not to Google as a business, nor its shareholders.
If I'm a Google shareholder, and you're wasting hundreds of millions of dollars of my money with nothing to show for it but some vague fears that "my engineers will go to competitors", then I'm going to be unhappy. Beyond a certain point, you're opening yourself up to lawsuits and even criminal charges (Google is a public company).
All of your examples are projects that were interesting and had some passionate senior engineers pushing them forward, but also had a business case. When the business case went bust, so did the project.
To support OP's assertion that Fuchsia is just a retention project with no future, you'd have to show a project of its size (or any size, really) run for the sole purpose of retention with no plausible business case.
I don't think such a thing exists, and it's not in any of your examples.
I have some personal experience with Wave. It had a plausible business case and Google was promoting it heavily. It wasn't bogus. I'm sure the same is true for the others.
- nostrademons 8y agoThe final risk factor listed on Google's 10-K [1] is: "We rely on highly skilled personnel and, if we are unable to retain or motivate key personnel, hire qualified personnel, or maintain our corporate culture, we may not be able to grow effectively." Acquiring and retaining key people is in the interests of shareholders, and Google invests significantly in this activity. I started this subthread with a comment about $50M acquihires where they shut down the product immediately afterwards. That's just one example - others include funding STEM education for children, the Google Summer of Code, multi-million-$ retention bonuses, and constant recruiting efforts. This is all disclosed on the prospectus and annual reports. If you don't understand why this is important for a tech company, you should probably not be investing in tech, but I will be happy to buy your shares from you. [1] https://www.sec.gov/Archives/edgar/data/1288776/000165204416000012/goog10-k2015.htm#sBF525117D634DB8684E2CA518A5591F2 https://www.sec.gov/Archives/edgar/data/1288776/000165204416...
- lucas_membrane 8y ago> If I'm a Google shareholder, ... then I'm going to be unhappy. Are you a voting shareholder (class A or B)? If you have class C (no vote), they don't have to care. If you have class A (voting public) shares, which get 1/10 the vote of the class B (management) shares, your influence is incidental at best.