Valley Spawns Million-Dollar Engineers, Says VC
Top algorithm engineers at Google are drawing down tens of millions in stock, pushing up engineering salaries across Silicon Valley, according to Marc Andreessen, a legendary web enterprenur turned venture capitalist at Andreessen Horowitz.
Andreessen gave his views on the economics of startups, the app market, wearables, ARM servers, and massive open online courses (MOOCs) during an hourlong fireside chat at Qualcomm's Uplinq here this week. Here are a few outtakes from his rapid-fire, passionate musings.
On engineering salaries in Silicon Valley:HT: Quartz
Engineers are now starting to get paid for their true value, which arguably has not been case for a long time, but it is now, and Google is at heart of this. Google discovered an algorithm change can generate another $100 million in revenue. So now companies are more willing to have superstars, and there are engineers at Goggle making tens of millions of dollars.On advice to the entrepreneur and investor:
The vast majority of engineers are not getting paid that way. [But] average compensation is also rising behind what I call this Kobe Bryant effect.
It's really easy in this industry to think too small. Yahoo was initially run on a server on the Stanford campus, and they had to start a company because Stanford kicked them off the server. It became a $200 million company....MORE
