Oblig car metaphor: That's like saying hey, as an alternative to a free Lamborghini Aventador, you can have an old Pontiac Fiero chassis, and a Chevy 350 with a blown head gasket. If you're really lucky and amazing you might make something worth 1/10th what the Lamborghini is.
So you can dredge it up, and perhaps restore it to it's original glory...or you can go out and build your own, new dream car from scratch.
Either way it's going to be a TON of work to get to a truly valuable (and fun to drive) vehicle...
I think it's a great move, and Google is probably in favor of it.
If Elon Musk and a new Stanford grad started brand new companies on the same day, would both companies be old busted cars with blown head gaskets?
Also, the metaphor is a bit flawed by likening the 17-year-old floundering company to a new sports car and a hypothetical new company as something that's already worthless because of wear and tear.
Building a successful company is not a joke even if you have knowledge and connections. Users don't value what and whom you know.
At her level and for all she has done, getting to be the CEO of a billion dollar firm is actually a great deal.
Looking at it from other way around, Her career at Google might have probably come to a halt given the fact that Larry and Sergey are going to be there around for a long time to come. On the other hand, she could not be the CEO of a successful firm- Because such stints demand prior experience.
In short the change she got now is because, the company is currently a underdog. No big CEO who is already on a wave of success will take up that kind of a job. She needs the company because she gets to be the CEO and nobody else would offer her the same position.
In many ways this is a no brainer.
Please spare us the silly abbreviations.
I have no idea how a Pontiac Fiero or a Chevy 350 compares to a Lamborghini Aventator without looking it up. All I know is that all three are probably luxury automobiles. I have even less of clue about what a head gasket might be.
On the other hand, if you tried to explain something to me by using a job at Google, Yahoo, and a start-up as analogies, it would definitely help make things more understandable.
Otherwise, I fully agree with your point. I like cars and had no clue what, exactly, the Pontiac Fiero or the Chevy 350 were as I'm not American and those are American cars. Around here German(Mercedes, BMW, Audi, VW) and Japanese(Mazda, Subary, Toyota, ...) cars are much much more common.
Chevy 350: Basically a commodity engine. 5.7L pushrod V-8. Used in lots of GM vehicles from the late 60s through the early 90s. Camaros, Corvettes, Cadiallacs etc. Built tough, cheap, and there are a gazillion aftermarket parts available.
Unless you were going for a race car or something it's quite uncommon to have a 5.7L engine in anything but an American car.
Plus, if you weren't here, you might not appreciate just how horrible the "EPA era" engines were. Much stricter emission controls + not having the technology to really meet it led to some really de-tuned engines. Wouldn't be unusual for a 5-6L engine in those days to only make 140-160HP stock.
Don't you think Mayer has enough capital, connections, reputation, experience, etc. that if she started a company to do what she wanted, how she wanted, it would be completely different from your average college-grad startup?
I mean, come on now. There's no comparing the two.
The only reason to expect Mayer to do well as the CEO of Yahoo would be if her work at Google were similar to that job in some respect. I'm not sure it is.