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It is a magical technological cloud city. For certain business models. If the company in question is betting on very strong growth, then it needs a large pool
by comrade_ogilvy 13y ago
It is a magical technological cloud city. For certain business models.
If the company in question is betting on very strong growth, then it needs a large pool of experienced talent to draw upon. Paying 3X or 5X as much to get top talent can easily save money in the long run.
If you want to be taken seriously by big fish VCs, you have to be able to speak intelligently about how to spend more for a disproportionately positive payoff. The problem here is not the VCs, but the aspirations of the founders.
Finding less experienced talent for cheap may be the smarter move. For other business models.
- bennyg 13y agoI think the problem is the belief that top talent only exists in SV - which is false. To me, I think top talent would be less willing to work insane hours, less willing to have long commutes, and less willing to spend a TON on housing. If Google and Apple HQ moved - it would be seen as the end of SV. The VCs would go too. And I think stuff like this will be happening soon.
- rwmj 13y agoIf only there was something that let you videoconference all day with your colleagues at virtually not cost.