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>because the cost of a bad hire is so much higher than the cost on missing out on someone good The founders of WhatsApp for example applied to Facebook but got
by ren_engineer 5y ago
>because the cost of a bad hire is so much higher than the cost on missing out on someone good
The founders of WhatsApp for example applied to Facebook but got rejected. Facebook then had to acquire WhatsApp for 20 Billion, pretty expensive false negative. You can afford a lot of bad hires if a few of them hit big. That's basically the whole premise of venture capital and silicon valley, majority fail but a few unicorns pay the bills. Logically companies should be offering some sort of alternative short term "prove it" offer to people who are borderline for being hired.
- minsc__and__boo 5y agoI don't like this example because it assumes that the Whatsapp founders would have had the same billion $ impact at FB, or that FB would not have just acquired whichever app that would have filled the market potential otherwise.
- azinman2 5y agoNot to mention this is extremely rare.
- dfadsadsf 5y agoWe have to be realistic with WhatsApp founders from FB perspective when they did not hire them. They missed on good eng managers who may have grown to directors by now. There is about zero chance that they would have built WA inside FB.