Facebook might not be the hottest place to work in Silicon Valley anymore, suggests Sarah Lacy at Pando Daily, pointing to Pinterest's ability to hire away Don Faul, its vice president of online operations, and communications exec Barry Schnitt.
Just as Microsoft and Google before Facebook, established companies start losing people as a trendier startup comes along. Y Combinator partner Garry Tan, who believes Facebook can build a smartphone (that's a whole different blog post), wrote about the social network:
Facebook's biggest asset is its ability to hire and attract the best talent in the world. This was also what Apple has executed on perfectly since its return to prominence. At both places, there is a strong hacker culture and a true belief that what they're doing is the most important, society-changing work in the world.
Pinterest, a social bulletin board of sorts, has about 40 employees, according to GigaOM, with five of the top positions filled by former Facebook employees. It calls it the "place where all the cool kids want to work."
I didn't find it on the list of cool employers by branding expert Universum, which polled 59,643 respondents at 318 universities in its student survey. Google ranked tops with IT students and No. 4 for engineering. Apple made the top 10 among all majors.
There are those who will always migrate toward the greater challenge. Lacy hesitates to call the moves to Pinterest a trend, but she writes:
Both Faul and Schnitt followed Sheryl Sandberg [to Facebook] from Google. They are precisely the kinds of executives who tend to follow the hot company once it's getting serious about building a big company. They're a league above the people who hop between second-tier companies hoping for a lottery ticket. They're the ones who are good at this game. That they've hopped Google to Facebook and now to Pinterest is interesting. It'll be equally interesting to see how many follow.
But one thing is clear: Pinterest should be making utter and total hay on this. If the perception gets out it's the next hot company - whether these moves are a coincidence or not - that's invaluable buzz when it comes to stacking your company's deck to win.