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Is the tech bubble popping? Ping pong offers an answer

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Re: Is the tech bubble popping? Ping pong offers an answer

#31
post #3

Can we use the classic metric of aeron chair sales?

hah, those have been turning up cheap on craigslist lately

They're terrible chairs. A mesh back is nice but you need a proper seat. The Aeron cuts off circulation to the legs. It's also about 5x overpriced. I just upgraded to a low end model from a no-name brand. [1] It's honestly a better chair.

1: http://www.amazon.com/Seating-Professional-AirGrid-Adjustabl...

Re: Is the tech bubble popping? Ping pong offers an answer

#32

Earlier quoted context omitted.

hah, those have been turning up cheap on craigslist lately

They're terrible chairs. A mesh back is nice but you need a proper seat. The Aeron cuts off circulation to the legs. It's also about 5x overpriced. I just upgraded to a low end model from a no-name brand. [1] It's honestly a better chair. 1: http://www.amazon.com/Seating-Professional-AirGrid-Adjustabl...

agreed, was just commenting that some of my tech friends have joked about measuring the number of aeron dumped on CL

Re: Is the tech bubble popping? Ping pong offers an answer

#33
post #11

“If you don’t have a ping-pong table, you’re not a tech company,” says Sunil Rajasekar, chief technology officer at Lithium Technologies, a San Francisco software startup." I really hope it was tongue in cheek quote out of context.

Their definition of a tech company is obviously not representative. Maybe only when you are 'tech' company that handles online comments, you really need a ping pong table to justify your status.

Re: Is the tech bubble popping? Ping pong offers an answer

#35

Well, this indicator is not the worst one of all time. That record is probably still held by the price of butter in Bangladesh. [1] Seriously, all you need to read from this article is the following quote: Mark Cannice, a University of San Francisco professor, issues a quarterly index of venture-capitalist confidence. “I put more faith in venture capitalist insights and confidence,” he says, “than I would in ping-pon…

I wouldn't

Re: Is the tech bubble popping? Ping pong offers an answer

#38

Earlier quoted context omitted.

Only if having a ping pong table (or free food) improve productivity. That's a rather strong assumption.

Free food is also a recruitment tool. All things being equal, I'll go with the free food place. It's at least $2500 a year to buy lunch.

It's also a tax break in the UK. An employee and the employer aren't taxed on the provision of food but would be taxed on a bonus, so you can offer what amounts to £x worth of free food per year rather than (or in addition to) a cash bonus.

Re: Is the tech bubble popping? Ping pong offers an answer

#39
post #4

Earlier quoted context omitted.

It makes sense in terms of cost to benefit. A ping pong table is a few hundred dollars at most. An employee performing well is $100,000 at minimum. Little things like free food and ping pong tables actually offer a massive return on investment.

Only if having a ping pong table (or free food) improve productivity. That's a rather strong assumption.

Agreed:

1) Playtime is for after hours, with friends and family. Ping pong's a fun game but it's noisy and disruptive when you're trying to get work done.

2) Don't care about your free food, I have a strict diet and don't usually eat lunch. Ditto free booze which is frankly a dumb idea (see 1). Free non-alcholic drinks is fine.

Re: Is the tech bubble popping? Ping pong offers an answer

#40
post #4

This blew me away: "Venture capitalist Michael Cardamone, the tournament’s co-organizer, approves of young companies buying tables with venture funds. “You absolutely should,” he says. “It’s part of building culture.”"

It makes sense in terms of cost to benefit. A ping pong table is a few hundred dollars at most. An employee performing well is $100,000 at minimum. Little things like free food and ping pong tables actually offer a massive return on investment.

Who are these people who play ping pong during work hours? I want to finish my work and go home. If I have a break, I want to go outside and get some sun and air because I hate being inside all day. I'm not looking for a frat.
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