I finally realized the reason why companies are so 'desperate' to hire good SWEs and will do just about anything to retain the good ones.
Draw from the example of Instagram. 10 years ago, it was acquired for $1 billion and they only had 12 engineers!
As you can see, just a few A players can generate enormous amounts of business revenue.
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The real reason why SWEs are treated like gods:
Because they can be poached by another competitor, and then start building a product that directly COMPETES against their old companies.
/thread
#tech
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comments
As you can see, just a few A players can generate enormous amounts of business revenue. “
IG had 0 revenue at the time…
Meta makes money from FB ads and IG and yet have tons of teams in other areas, G makes money from search, YT and GCP and has tons of other teams.
Some companies never make money but sell a promise.
Engineers benefit from investors appetite for risk. When that goes down ie recession (flight to quality), layoffs will hit
If you have a critical mass of clients LINED UP to pay you for a feature and the economics look good for you to build and maintain it hell yeah do it. There's always a risk of becoming a feature factory but small companies grow by delivering things their clients want.
In some cases like TikTok copying doesn’t work that well but majority of cases instead of innovating either acquiring or building once product market fit is proven is a better strategy.
Amazon does tons of things. They innovate a lot. Has a very high success rate but again revenue comes from retail (fba mostly) + aws. Rest is side show. Prime videos is not comparable to netflix. Twitch is an acquisition, Alexa is mediocre etc. and this is the best big tech who can actually innovate.
1. Best A class engineer and team can be 100x more productive than average team/engineer.
I have seen first hand. My top A+ engineers, as good as 5 other engineers in team.
2. Scaling in value : one engineer can spend 1hr and can save 1000 hrs of average American time doing some repetitive task.
Combined above two the software guys are worth it.