Earlier quoted context omitted.
Wasn't Google recently on the opposite end of this? They paid their engineers so much that some of them left because they had the financial security to take riskier options.
The logic on this statement doesn't really check out, as if this were the case it would be impossible to retain CEOs, they would all leave after a month. Yet somehow companies do so ...
Another Group of Google Veterans Starts a Self-Driving Technology Company
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Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#42When companies pay each engineer X and earn 10 times X on each engineer, this is inevitable. Near as I can tell, this is a strategy that is helping engineers retain more of the value they are creating. If the difference was more subtle such as 2 to 3 times X, then the incentive to go through this much trouble to retain much of the value you create is much smaller.
I expect a startup was the only option to execute on the idea with a decent level of autonomy. Google/Alphabet already have well established teams in the areas of mapping & autonomous driving so you can't just go ahead and start your own multi-engineer effort.
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#43When companies pay each engineer X and earn 10 times X on each engineer, this is inevitable. Near as I can tell, this is a strategy that is helping engineers retain more of the value they are creating. If the difference was more subtle such as 2 to 3 times X, then the incentive to go through this much trouble to retain much of the value you create is much smaller.
A lot of comments suggesting this is cynical compensation arbitrage by the DeepMap founders. I don't buy it. I expect a startup was the only option to execute on the idea with a decent level of autonomy. Google/Alphabet already have well established teams in the areas of mapping & autonomous driving so you can't just go ahead and start your own multi-engineer effort.
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#44Am I the only person genuinely shocked Google doesn't slap their self driving car engineers with non-competes? I realize that non-competes are illegal by CA law, but perhaps they should do the engineering in a different state to stop hemorrhaging talent that tries to compete with them?
(1) When most of your existing operations are already in CA, moving to a different state isn't exactly trivial. And if the primary reason you're moving is to enforce a non-compete, I bet it'd make recruitment of the better engineers more difficult. (2) Even if Google did their engineering in another state, let's say the engineer in question then moves to CA. There's a good chance that CA law would still apply.
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#45Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#46Earlier quoted context omitted.
The logic on this statement doesn't really check out, as if this were the case it would be impossible to retain CEOs, they would all leave after a month. Yet somehow companies do so ...
To be honest, I don't have any idea why ANYONE keeps working after they have F-YOU money, CEOs or otherwise.
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#47Earlier quoted context omitted.
Wasn't Google recently on the opposite end of this? They paid their engineers so much that some of them left because they had the financial security to take riskier options.
The logic on this statement doesn't really check out, as if this were the case it would be impossible to retain CEOs, they would all leave after a month. Yet somehow companies do so ...
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#48Earlier quoted context omitted.
Wasn't Google recently on the opposite end of this? They paid their engineers so much that some of them left because they had the financial security to take riskier options.
The logic on this statement doesn't really check out, as if this were the case it would be impossible to retain CEOs, they would all leave after a month. Yet somehow companies do so ...
Or, CEOs don't have the same set of options engineers have, or, CEOs are drawn from a pool with different preferences than engineers have, or...
Well, lots of other reasons your dismissal of the claim about engineers based on CEO behavior is unconvincing.
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#49Am I the only person genuinely shocked Google doesn't slap their self driving car engineers with non-competes? I realize that non-competes are illegal by CA law, but perhaps they should do the engineering in a different state to stop hemorrhaging talent that tries to compete with them?
Doing engineering in a different state might make it more problematic to attract talent, as might the non-competes separately.
OTOH, maybe Waymo needs to be spun off and be able to offer employees Waymo stock, so it can be a "high-upside startup" option for engineers.
Re: Another Group of Google Veterans Starts a Self-Driving Technology Company
#50From their website https://www.deepmap.ai/ it seems they are focusing on high-definition, centimeter-accuracy maps. Why is that important? It seems with a rough map and training, a robot can find its destination.