Photo: Universal Pictures
We spent much of yesterday afternoon texting back and forth with a high-powered tech exec who has been very close to Google for the past decade.He had lots of interesting things to say, but one message was particularly clear.
Across the industry, startups and rivals have decided that now is the time to raid Facebook for talent.
“Now is the time for all the other companies to strike against Facebook in the war for talent,” this source texted.
“Google should now strike back hard. Facebook for years tried to lure talent away with [restricted stock units] with virtually no cap on upside. Now that the market has spoken Google should buy the people it wants back. Fast.”
“And it is also the time for the startups to strike against Facebook.”
“Facebook is no longer the upstart. It is now the middle aged man with a stock crisis. Dropbox, Quora, Square, etc. should strike hard.”
“Now is the moment when morale is low and people who joined in 2007 2008 are fully vested.”
One startup that seems to have gotten this message loud and clear is Pinterest.
Though it’s hiring up from lots of sources, including Google and Apple, Pinterest CEO Ben Silbermann seems to have a particular taste for Facebook execs. He just hired Facebook operations VP Don Faul to be his operations boss and Facebook platform exec Cat Lee to do a similar job at Pinterest.
Next, Pinterest is hiring a head of engineering and a head of legal and is said to be looking hard at a couple of Facebook employees (and some Googlers, too).