I'm sure a lot of people are resentful or disgusted that a 17-year-old was acquired for $30 million. I just find it fucking hilarious. It's awesome, not in some dipshit "American Dream" sort of way, but in the "holy shit, this world is on crack" sense of it. I say, go him!
The next time I am looking for work I am seriously considering getting rid of the resume and coming up with a bullshit startup name. It's pretty ridiculous that my "acq-hire" value in a startup with a bullshit product would be about 50 times the market salary for someone at my level of skill. (I've seen enough inside numbers to know that this is not an exaggeration. Acq-hire values are $2-4M for mediocre engineers and $4-10M for good ones.)
One could do major social-proof arbitrage by offering cuts (of future acq-hires) to people in the tech press. I am dead-fucking-sure this is already happening. It must be. The stakes are too high, and the players too degenerate.
On to the main point: yeah, it is terrifying that large corporate cultures are that desperate for innovation. I feel like they suffer the same problem as command economies. The natural information-theoretic incompetence of central authorities makes them slow to respond to anything (including especially their own creeping obsolescence, for which they compensate by purchasing external talent at extreme prices) but overreactive once they do.
The next time I am looking for work I am seriously considering getting rid of the resume and coming up with a bullshit startup name. It's pretty ridiculous that my "acq-hire" value in a startup with a bullshit product would be about 50 times the market salary for someone at my level of skill. (I've seen enough inside numbers to know that this is not an exaggeration. Acq-hire values are $2-4M for mediocre engineers and $4-10M for good ones.)
One could do major social-proof arbitrage by offering cuts (of future acq-hires) to people in the tech press. I am dead-fucking-sure this is already happening. It must be. The stakes are too high, and the players too degenerate.
On to the main point: yeah, it is terrifying that large corporate cultures are that desperate for innovation. I feel like they suffer the same problem as command economies. The natural information-theoretic incompetence of central authorities makes them slow to respond to anything (including especially their own creeping obsolescence, for which they compensate by purchasing external talent at extreme prices) but overreactive once they do.