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....
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A few years ago it was an executives’ dream to work at Google, Amazon, Apple, and the other Big Tech firms of Silicon Valley, but now that dream has evolved into crypto startups. Whether it is to join a blockchain-related company or start a new one, high-paying executives and engineers are leaving the valley of big salaries and CEOs at an accelerating rate. The New York Times reported the exodus of Big Tech executives and the boom of crypto products like NFTs is seen as a possible reason for it. But if the fantasy of Silicon Valley talent used to be that cushy position involving good....
A Silicon Valley-based startup accelerator will host a bitcoin job exposition for those seeking employment in the cryptocurrency industry. The Bitcoin Job Fair will take place on 3rd May at the Plug and Play Technology Center in Sunnyvale, California, from 1pm-5pm (PST). Notable employers include Circle Internet Financial, BitPay and Blockchain, among others. Scott Robinson, who leads bitcoin efforts at Plug and Play, told CoinDesk: "The entire message is to show, effectively, that bitcoin is hiring right now." Engineering talent. Robinson says that he expects over 250 job seekers to come....
Richard Waters, writing in Financial Times, is reporting that Silicon Valley's A-Listers seem to be fast climbing onto the Bitcoin bandwagon. More and more of Silicon Valley's venture capitalists have been queuing up to invest in Bitcoin start-ups. Yesterday, some of Silicon Valley's heavy hitters bought into the $20 Million funding round for Xapo. This list included none less than Reid Hoffman of Greylock Partners, Mike Volpi of Index Ventures attracting funding from the deep pockets of Max Levchin, Yuri Milner as well as Jerry Yang, the co-founder and former CEO of Yahoo!. But this....
The Silicon Valley division of global telecommunications giant Orange is planning to invest in the bitcoin space. Orange Silicon Valley (OSV), which lists cryptocurrency as one of its main focus areas, is looking to spend up to $20,000 per startup and is currently in talks with two bitcoin companies, according to Bloomberg.
Engaging and networking are key tactics for landing a position in the industry during the crypto winter, recruiters said. Crypto companies are still hiring but might not be actively recruiting amid the market downturn. If you are considering joining the space, however, this is still a good time to get your feet on the door, sources in the industry told Cointelegraph. “While there may not be as many open roles advertised as there were last year, companies are definitely still hiring. Our clients continue to come to us for assistance with finding top talent for key hires,” noted Tyler....