Comment Re:It's not arrogance if... (Score 4, Insightful) 262
As the old saying goes "It's not arrogance if you can back it up."
Which the overwhelming majority of them can't. That's kinda the point.
The culture in tech hubs today is in a very real sense based on gambling. VCs bet 7-8 figures on a company that might be the one to make 10 figure returns. It's a high variability strategy that rarely pays off, but pays out staggering amounts of money when it does. And because any VC always has a pool of investments on the go, they can stand to play the long game knowing their mean return is always going to be astronomical.
Many founder/entrepreneur types are playing the same game, just with fewer zeroes and one big shot at a time. Some will make it. Most will fail. Some of them will come back and try again. Many of them won't. It's just like the VCs, but a whole lot more personal, because VCs are the house that always wins, while first-time founders are more like the whales who bet it all on number 3.
Almost everyone else working at these businesses is just along for the ride, because the amount of money they're making is relatively good and they have a chance for a nice windfall if their employer's exit strategy does work out. Neither the founders nor the VCs much care because the salary and perks for decent technical staff are just table stakes in a much bigger game.
But you only have to look at the kind of recruitment processes and qualifications some of these big name SV firms advertise/leak, and then look at the quality of the software they actually produce and/or what some people who used to work there can (or can't) do when they move on, and you can see that having Google or Facebook on your resume doesn't actually prove that you're some sort of super-elite 10x genius geek demigod. Unfortunately, a significant proportion of the people working inside the bubble didn't get the memo.