After 12 years at Google, I have decided it is time to move on
linkedin.com
linkedin.com
But run-off businesses should be a different kettle of fish... (When does centralised black-bix search become one of those I wonder?)
> “If you were a product person at IBM or Xerox, so you make a better copier or a better computer — so what?
When you have a monopoly market share, the company is not any more successful. So the people that can make the company more successful are sales and marketing people. And they end up running the companies. And the product people get driven out of the decision-making forums. And the companies forget what it means to make great products. Sort of the product sensibility and the product genius that brought them to that monopolistic position gets rotted out by people running these companies who have no conception of a good product versus a bad product.
https://www.bhooshan.com/2017/12/07/quotes-steve-jobs-lost-i...
Looking at what has happened to Google search, it's clear that either they no longer know what a good product is, or they only care about optimising for ad revenue and not customer experience.
https://www.youtube.com/watch?v=P4VBqTViEx4
Very insightful.
A post that says I'm leaving with $700K would hit different than I'm leaving with $30M.
People underestimate the costs of life in the USA and use median incomes as evidence, but that really just means it’s harder for those making median to get by, it’s tough out there these days.
2 million at a conservative 3.5% withdrawal rate pays for 70k expenses a year. Not counting social security. With no mortgage and no rent in a lcol area that's probably enough. Odds are the 2 million grows rather than shrinks.
In the worst case scenario (traditional), $70k of withdrawals would be taxed the same as $70k of income. So this would be enough savings for someone who was making $70k before retirement. Probably actually better, because the person wouldn't have to save some of the withdrawals for retirement, and would get social security.
Not for Seattle or Los Angeles. But for most of the US, you will have a retirement income way above what you need. And that's a good thing, because according to the Federal Reserve, the average retirement savings of people 65-74 is about $600,000.
Of course retirement plans are going to tell you it's not enough. That's like ranchers telling you you're not eating enough beef.
> People underestimate the costs of life in the USA and use median incomes as evidence, but that really just means it’s harder for those making median to get by, it’s tough out there these days.
Clearly you're not thinking about all of the US. There are families of four leading happy, healthy lives on $80K out here. They don't use DoorDash three times a week, and they don't buy $8 cups of coffee, but they're doing just fine.
It is cute you think a couple millions dollar is a lot.
My friend worked at palantir as a senior eng for 4 years and already earned that.
This guy is a senior staff engineers at Google for 12 years. Easily earning >$1m per year.
And utterly disgusting to see how far removed from reality some people here are. A million dollars is life changing money for the vast majority of the population, and well beyond what most engineers earn.
Let us assume that you earn 16 USD per hour and you work 8 hours a day for 5 days a week, you would earn 33280 USD per year before taxes and deducations. Nowhere near a damn million.
There's also a difference between retirement savings and net worth. I'd guess there was a jump in "house poor" millionaires over the last few years.
The Fed has a Survey of Consumer Finances which can graph net worth broken down by perentile. You're right that even $1M net worth is not the majority, but top 25%ile:
https://www.federalreserve.gov/econres/scfindex.htm?mod=arti...
https://www.federalreserve.gov/econres/scf/dataviz/scf/chart...
Probably more millionaires in the last few years with inflation though.
This is all US-centric; the author, Richard, is in Japan; I'm not sure how net worth, savings, retirement, or taxes are in Japan.
Lifestyle creep is what locks people into miserable tech jobs and eliminates risk taking and chasing dreams. Probably part of the reason that big companies lose the ability to innovate.
*Except for the sociopaths.
But ask Woz - he openly said multiple times he would do it all over again.
If you have two world class AI labs, you have no world class AI labs.
I totally believe that Google is very different from 12 years ago and that they are now ponderous, bureaucratic, and dysfunctional in the ways that mega-corporations almost always are. So what? If you've decided to move on, just move on.
What's the point of not writing a bitter public critique of your former employer, if you believe they went the wrong way?
> are now ponderous, bureaucratic, and dysfunctional in the ways that mega-corporations
Somebody gotta call them on being ponderous, bureaucratic and dysfunctional. This post does just that. We gotta call bad and critique it where we see it, otherwise things will just stay as they are.
Maybe it was cathartic to write, I dunno. I think if I'm at that point, I waited way too long to leave. Golden handcuffs, hey?
I know some folks don't care about reputations, but this guy already established a reputation as a leader and should not have to do what he did to justify working on a project (PhD in his field from MIT, worked at AT&T as an MTS, which was a coveted role, for almost 2 decades, professor at a Tier 1 university. To me, if somebody with that level of background at high-value institutions is willing to write this, it means it's true, and important, and should be paid attention to by the appropriate constituency.
Presto! new opportunities for you and your friends.
Is there a defense? Not really. Somehow they'd have to convince most that they'd be there long enough to make crossing you a bad idea, and connected enough to know when you're being crossed.
The history of Silicon Valley is less about the founding innovation, and more about how others manage to capture it.