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Hi, I'm the author, I appreciate your comment. You're demonstrating that you still have some rational perspective here; my thesis is that many people have lost
by jtb99 16y ago
Hi, I'm the author, I appreciate your comment. You're demonstrating that you still have some rational perspective here; my thesis is that many people have lost that perspective. I am an ex-Googler, and I am seeing more and more talented engineers leave Google to start a "company" with the express goal of getting acquired for talent, sometimes even hoping to get acquired back by Google.
When people see a valuation in the marketplace (eg, a talent acquisition that makes everyone extremely wealthy) and assume they can achieve the same kind of returns with minimal effort, that is the hallmark of a bubble. The same thing happened with day traders and real estate speculation.
- sbov 16y agoGooglers and ex-Googlers may be living in a bubble. That doesn't mean that the wider engineering talent pool is. From what I could find on the bls.gov site, in 2008 there were about 900,000 jobs in software engineering and 75,000 jobs in computer engineering. From what I can tell from searching, Google has 20,000 employees, but not all of them are necessarily engineers. Even if all google employees were engineers, and they were going out and trying to create startups in order to be bought, that would be 2.0% of the US-wide engineer pool.