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It really depends on how capital intensive something is, who has access to capital, and how much mobility employees have. Since a competitive tech company depe
by vsskanth 4y ago
It really depends on how capital intensive something is, who has access to capital, and how much mobility employees have.
Since a competitive tech company depends on good software engineers, and since anyone can band together and raise VC money, you can't survive long if you're not a good boss. Access to capital is now restricted due to the recession but there's still a need for software talent so they have options.
The only exception is people on H1B visas who have to hold on to the job until they find another (or get deported) and hence have to tolerate a bad boss. You see this happening in Twitter with all the recent resignations.
- ido 4y agosince anyone can band together and raise VC money As someone who keeps wondering why so many of my friends (some of which I consider more skilled than me) don't start their own companies while I did (and tried multiple times in the past) I want to mention that not anyone can band together and raise VC money. Or maybe they can but not everyone would. Entrepreneurship is actually kinda rare, most people just want a safe salary and not worry about money or running a company.
- vsskanth 4y agoI should've been clearer. It doesn't have to be the engineers themselves raising money. Might be an entrepreneur who raised capital and hired your best engineers away promising better working conditions.