Why Is Talent Leaving Silicon Valley For Crypto Companies? Recruiters Explain

Who wants to work in tired-old Silicon Valley nowadays? Not edgy tech people, that’s for sure. Business Insider asked recruiters why for an article with the concise title, “Silicon Valley is no longer the edgy tech frontier as workers flee Google and Amazon for crypto and Web3 startups, recruiters say.” Why is that? The article responds: “That’s largely because people want to work on what is most exciting in technology, recruiters said. Right now, that’s crypto and Web3. With a scarcity of engineers focused on the space, it’ll likely also pay off to take the risk and get in early.” Related Reading | It’s Not You, It’s Crypto: Execs Leave Silicon Valley To Join Crypto Startups So, the crypto industry is perceived as more exciting and the risk/ reward ratio skews in a favorable direction. What else? What Do The Recruiters Say About Silicon Valley And Crypto? The article quotes Scott Fletcher from Intersection Growth Partners, who gives us an overview: “We are unquestionably seeing some of the best and brightest of Silicon Valley, or tech, move over to crypto. I’ve been at this a long time, I’ve never seen a change happen this quickly.” And, later on, he gives us a reason why: “To start at someplace that’s fresh, that is — by its ethos — trying to empower the individual as opposed to the centralized corporation is appealing.” So, for ideological reasons. What else? Vivek ...