Isn't an 11% chance to be hiring a really good to incredible employee good signal? I don't think you can have the same chance when hiring from most small companies, not based on company reputation alone.
You're unlikely to see a resume of a distinguished engineer from Google cross your stack of resumes.
For a bit of a blast from the past: https://www.joelonsoftware.com/2006/09/06/finding-great-deve...