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Re:Climbing the wrong hill (2009) by naasking on Monday April 17, 2017 @12:14AM (#14129184)
> I started a company, failed miserably, but it was easy to get a well-paying job with a salary and a lot of stock when I did.

Your anecdotes are not an indication that the risk is overstated. Who knows what factors decreased the risk for you, and while you attribute it to 'engineering talent', it's far more likely to be something like more skill at using the network of connections you've established (most jobs are still filled this way).

Whatever that factor is, it isn't necessarily a common skill.

Re:Climbing the wrong hill (2009) by austenallred on Monday April 17, 2017 @12:25AM (#14129214)
Find me a talented engineer in the Bay Area who started a company and now can't find a job. We have $5,000 referral bonuses and severe engineering shortages so I'd love to refer him or her.
Re:Climbing the wrong hill (2009) by peterwwillis on Monday April 17, 2017 @03:15AM (#14129642)
I have known several, and rent was so high they eventually moved away.
Re:Climbing the wrong hill (2009) by alpos on Monday April 17, 2017 @10:11AM (#14130977)
Consider offering remote positions. Even if those positions are only used as a way to open new people to the possibility of moving to SF. If your shortages are severe, why limit your talent pool to the smallest, most competitive market?
Re:Climbing the wrong hill (2009) by austenallred on Monday April 17, 2017 @10:58AM (#14131303)
The shortage at our company isn't severe, but in the bay area it is. And you do so because having people in-house is much more productive and decreases organizational cost. There's a reason people want employees in-house, and it's not mentioned much on HN.

I ran a remote company once before. I'll never do it again.