‘Google decided that work-life balance was more important than winning’
OK Eric, but how do you win without employees?
“I’m sorry to be so blunt,” Schmidt continued in the video posted on Stanford’s YouTube channel on Tuesday. “But the fact of the matter is, if you all leave the university and go found a company, you’re not gonna let people work from home and only come in one day a week if you want to compete against the other startups.”
If I were going to found a company I’d make it remote only because I’d have access to a global labor pool, often in places with lower cost of living, and I won’t have to pay for an office. Seems like a win-win.
What an absurd statement. Absolute lunacy on his part to compare Google to a startup.
He’s speaking to a bunch of Standford students and giving advice, so it’s not that absurd. But it is pretty absurd to tell potential entrepreneurs “Make sure you pay as much as possible for real estate in a big city, and then overpay for talent because your office is in a big city.”