Earlier quoted context omitted.
Don't hate the player, hate the game my friend.
why not hate both. everyone has a choice.
b/c if 99% of us were placed in that situation, we'd take the money
Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
21–30 of 73 posts
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#22$2-4M/person, just for the people. Boy does this sound like the telecom bubble, and the internet bubble before that. The music is playing, find a chair.
No. Suppose these 8 guys are paid $150k a year on average. Engineers, good ones at least, bring in more than they cost. In some cases like Instagram and Facebook, the ratio of users to engineers is in the millions. Google is similar. When you also bring into account the caché of someone like Rose, the lifetime earnings from that team probably well exceeds what was spent to aquire them.
Your argument assumes that that "caché" will translate into instant/increased earnings. That is far from a given.
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#23Clearly the team is awesome, so the question is: with a talent shortage apparently driving the market crazy, are the premiums justified? Is it really that bad out there?
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#24Forgive me for not knowing this, but when an acquisition like this happens that is solely for the talent, do the developers themselves get any part of those millions, or does it all simply go to the company owner? If it does all go to the owner, what would stop the developers from banding together and leaving all at once so they could pick up those millions directly, instead?
The acquiring company has to give the employees incentives to stay. Otherwise they are under no obligation (barring a contract with the first company) to stay.
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#25Earlier quoted context omitted.
That's just incredible. Milk made one application , gave it away for free, summarily shut it down, and sold for $15 - $30 million. I understand these guys are very talented, and that Google was buying the talent more than the product, but that's quite a price for some gifted people!
> quite a price for some gifted people! Every time I saw this happen in the 90s the result was the same: Small team shows up in big company after big $$, gets frustrated with big company BS, doesn't really care and runs down the game clock until vesting is nearly complete, leaves without fanfare. I'm sure there must be counter examples, please let me know some if you have them.
Two team-centric acquisitions that Google has made in recent years: Aardvark and Slide. Both were cases of products that were mostly ahead of their time or just-off re: product-market fit, and had genius teams. As far as I know, the majority of both teams are still at Google.
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#26$2-4M/person, just for the people. Boy does this sound like the telecom bubble, and the internet bubble before that. The music is playing, find a chair.
No. Suppose these 8 guys are paid $150k a year on average. Engineers, good ones at least, bring in more than they cost. In some cases like Instagram and Facebook, the ratio of users to engineers is in the millions. Google is similar. When you also bring into account the caché of someone like Rose, the lifetime earnings from that team probably well exceeds what was spent to aquire them.
All employees should bring in more than they cost. Even the fry guy at McDonalds. Otherwise why would you employ them?
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#27Earlier quoted context omitted.
No. Suppose these 8 guys are paid $150k a year on average. Engineers, good ones at least, bring in more than they cost. In some cases like Instagram and Facebook, the ratio of users to engineers is in the millions. Google is similar. When you also bring into account the caché of someone like Rose, the lifetime earnings from that team probably well exceeds what was spent to aquire them.
All employees should bring in more than they cost. Even the fry guy at McDonalds. Otherwise why would you employ them?
... in aggregate. there are lots of people in even small companies that work for "cost centers"...
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#28Earlier quoted context omitted.
No. Suppose these 8 guys are paid $150k a year on average. Engineers, good ones at least, bring in more than they cost. In some cases like Instagram and Facebook, the ratio of users to engineers is in the millions. Google is similar. When you also bring into account the caché of someone like Rose, the lifetime earnings from that team probably well exceeds what was spent to aquire them.
All employees should bring in more than they cost. Even the fry guy at McDonalds. Otherwise why would you employ them?
Maybe you don't have the data to make that determination.
Maybe fries aren't profitable yet, but you're hoping to make them become so.
Maybe you have to have fries on the menu even though you make more money off soda.
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#29Earlier quoted context omitted.
> quite a price for some gifted people! Every time I saw this happen in the 90s the result was the same: Small team shows up in big company after big $$, gets frustrated with big company BS, doesn't really care and runs down the game clock until vesting is nearly complete, leaves without fanfare. I'm sure there must be counter examples, please let me know some if you have them.
Bret Taylor at Facebook.
Thanks for the counterexample. Just to be clear: His vesting clock is done?
Re: Winning A Bidding War With Facebook, Google Picks Up The Entire Milk Team
#30Earlier quoted context omitted.
No. Suppose these 8 guys are paid $150k a year on average. Engineers, good ones at least, bring in more than they cost. In some cases like Instagram and Facebook, the ratio of users to engineers is in the millions. Google is similar. When you also bring into account the caché of someone like Rose, the lifetime earnings from that team probably well exceeds what was spent to aquire them.
Your argument assumes that that "caché" will translate into instant/increased earnings. That is far from a given.
caché = hidden
http://fr.wiktionary.org/wiki/cach%C3%A9
maybe what you really mean is "cachet" http://fr.wiktionary.org/wiki/cachet I know it doesn't have an accent