Truth to be told, vast majority of FAANG population doesn’t make those fairytale money.
Truth to be told, vast majority of FAANG population doesn’t make those fairytale money.
Source: was IC @ Google.
Frankly I've accumulated the cynical opinion that Google wants to asphyxiate the local job markets of talent. They need to do this to keep their lead in advertising, etc., and they can afford to do it because of their lead. Paying 2x what local employers pay stops many local employers (usually underfunded by anemic local investment culture) from firing up some fancy new ad-tech startup or whatever.
The single most important skill of a startup founder is to identify these underdogs and convince them to basically work for free. There is always tantalizing similarity between how one person raised small but highly talented armies in ancient time and went onto defeat large established kingdoms.
As an IC on various forums for over a decade, I've only started commonly seeing this abbreviation in the past 2 years.
Just don't.
It's just about promo culture @ Google, etc. and not in fact I think a reasonable principle of how good software gets built.
Also, there's no stigma: it's a completely neutral term.