Re:Facebook To Open Engineering Office In NYC
by stbullard on Friday December 02, 2011 @03:57PM
(#3305641)
>>the NYC area is starving for talent
What area isn't?
>>most techies in this area aren't that entrepreneurial
There are enough - several of Facebook's most prominent product launches in the last year (new Groups, Timeline) have been led by PMs acq-hired from the NY-based startups they founded (drop.io, Hot Potato, Daytum).
More importantly, Facebook's not a startup anymore: joining hardly requires an "entrepreneurial" appetite for risk on the hire's part.
>>chances are this will end up driving salaries up by 10-15%
Facebook can afford to pay a premium for talent, and they've demonstrated a willingness to do so (see above). This is a problem for other companies, not Facebook - which makes it a good, strategic move on Facebook's part.
>a smarter move would be to open an office in Boston
Despite starting at Harvard, Facebook has much stronger ties to NYC - including an existing 100-person marketing office.
What area isn't?
>>most techies in this area aren't that entrepreneurial
There are enough - several of Facebook's most prominent product launches in the last year (new Groups, Timeline) have been led by PMs acq-hired from the NY-based startups they founded (drop.io, Hot Potato, Daytum).
More importantly, Facebook's not a startup anymore: joining hardly requires an "entrepreneurial" appetite for risk on the hire's part.
>>chances are this will end up driving salaries up by 10-15%
Facebook can afford to pay a premium for talent, and they've demonstrated a willingness to do so (see above). This is a problem for other companies, not Facebook - which makes it a good, strategic move on Facebook's part.
>a smarter move would be to open an office in Boston
Despite starting at Harvard, Facebook has much stronger ties to NYC - including an existing 100-person marketing office.