Is it true that many Silicon Valley employers have free cafeterias, as the author states without citation? Or is this just an obvious reference to Google?
There are startups that deliver food to other startups, printing revenue numbers using the same VC’s entire portfolio of companies, therefore sloshing around the exact same dollars in order to get an attractive revenue multiple and exit.
Understanding that makes understanding the whole of Silicon Valley much easier.
Wow, I hadn't realized that. I looked up the catering company one of my previous employers used and perhaps unsurprisingly they share investors.
A lot of people look at having venture capital as validation, when it is really about how convenient the shares are in a private equity portfolio at that point in time. Some people understand that and are selling placement in a portfolio instead of selling an idea.
Of the FAANG, I believe only Google and FB have free meals on a regular basis.