I think what’s new is the rapid fall in the number of CS grads from Stanford (and other top schools) accepting offers from Facebook.
But I doubt it’s just about ethics. I remember when Facebook dethroned Google too.
But I doubt it’s just about ethics. I remember when Facebook dethroned Google too.
What's stopping them?
In my experience, the people who actually want to work at startups tend to be either (a) very young engineers, who have more risk tolerance and perhaps more naiveté, or (b) people who worked at a successful company (e.g., FANG) and set aside a comfortable nest egg, and therefore also have high risk tolerance.
At 5 years of experience, the gap was even wider. A friend just took a 400% pay raise to move from Google to a fintech firm. He shopped around at other tech companies, but no one was above a 20-30% increase.
My gut feeling here is that the 'I don't do what they're testing for in interviews' feeling pervades FAANG management as well as engineers. They probably don't actually see much value in programmer intelligence above a certain bar.
On the fintech side, they are approaching recruiting as they always have and probably won't even schedule an interview if you don't have a recommendation and a top 5 university on your resume.