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It would be crazy not to. One 10x engineer is what, 300K total comp? I don't think I can get the equivalent of a 10x by splitting that 300K and hiring more co

It would be crazy not to. One 10x engineer is what, 300K total comp? I don't think I can get the equivalent of a 10x by splitting that 300K and hiring more coders at a lower price. That also means more employees to manage, more communication channels and more 1:1 time because they are less autonomous. Doesn't scale as well. If you can find them, 10x are an incredible value.

gruez 5y ago
>One 10x engineer is what, 300K total comp? >If you can find them, 10x are an incredible value. Efficient market hypothesis implies that this arbitrage shouldn't exist, either because the 10x 300k total comp developers you found aren't actually 10x, or 10x developers cost much more than 300k (either because employers are clamoring for 10x developers and bid up their salary to 10x regular salary, or that they're so in demand that finding/recruiting them is expensive enough that it massively increases the cost).
- 908B64B197 5y ago
  And yet, it does. > either because the 10x 300k total comp developers you found aren't actually 10x That's a possibility. Honestly I've seen both approaches (going with prevailing wages, CoL or whatever metric) vs just matching what's happening in the Valley no matter where and the caliber of resumes you get with the second option is simply on an other level. > or that they're so in demand that finding/recruiting them is expensive enough that it massively increases the cost The trick is to adopt a different mindset. You have to understand that these guys are never on the market. They'll get offers and interviews long before they publicly announce they are looking for a new job. Google has second year interns coming-in that won't work anywhere else but Mountain View for the next 7 years because they'll get an offer long before graduation. It's all about finding a pipeline with a high signal to noise ratio and investing in it.

gruez 5y ago

>One 10x engineer is what, 300K total comp? >If you can find them, 10x are an incredible value. Efficient market hypothesis implies that this arbitrage shouldn't exist, either because the 10x 300k total comp developers you found aren't actually 10x, or 10x developers cost much more than 300k (either because employers are clamoring for 10x developers and bid up their salary to 10x regular salary, or that they're so in demand that finding/recruiting them is expensive enough that it massively increases the cost).

908B64B197 5y ago
And yet, it does. > either because the 10x 300k total comp developers you found aren't actually 10x That's a possibility. Honestly I've seen both approaches (going with prevailing wages, CoL or whatever metric) vs just matching what's happening in the Valley no matter where and the caliber of resumes you get with the second option is simply on an other level. > or that they're so in demand that finding/recruiting them is expensive enough that it massively increases the cost The trick is to adopt a different mindset. You have to understand that these guys are never on the market. They'll get offers and interviews long before they publicly announce they are looking for a new job. Google has second year interns coming-in that won't work anywhere else but Mountain View for the next 7 years because they'll get an offer long before graduation. It's all about finding a pipeline with a high signal to noise ratio and investing in it.