The Netflix model makes a ton of sense, but doesn't apply to most other companies, bc Netflix is a unique case. They pay top of market, all cash. They have massive name recognition and obvious longevity. Probably most uniquely - they only hire senior people who have a track record of experience they can look at.
When you're a startup that nobody's heard of, half your engineers are going to be junior, and half your comp is stock options that will probably never be liquid, the offer doesn't make any sense. Are you just going to give offers to 20 random new college grads and coding bootcamp alums planning on firing the 50-75% that don't cut it? Good luck ever getting junior people to accept offers again. Do you think someone with 10+ years of experience is going to take a pay cut to take the job with a random startup with a decent chance of getting let go if the manager isn't feeling it after a few weeks?
With 15 years of experience and a family to provide for, there's no world where I'd consider that type of hiring/firing culture for anything other than a proven brand name with top of market comp, environment, and coworkers. Did an interview loop w/ Netflix a couple years ago, seems like an amazing place to work, ultimately went a different direction for non-culture related reasons.
Start ups need different kind of people than big companies. With a startup the biggest mistake someone can make is not moving fast enough, and the startup dies. In a big company the code base always gets too big, so a person who works slower, but is able to improve the code base while shrinking it is worth more than a person who finishes fast, but blows up or slows down the code base. Interviews have to search for the right style of people.
When you're a startup that nobody's heard of, half your engineers are going to be junior, and half your comp is stock options that will probably never be liquid, the offer doesn't make any sense. Are you just going to give offers to 20 random new college grads and coding bootcamp alums planning on firing the 50-75% that don't cut it? Good luck ever getting junior people to accept offers again. Do you think someone with 10+ years of experience is going to take a pay cut to take the job with a random startup with a decent chance of getting let go if the manager isn't feeling it after a few weeks?
With 15 years of experience and a family to provide for, there's no world where I'd consider that type of hiring/firing culture for anything other than a proven brand name with top of market comp, environment, and coworkers. Did an interview loop w/ Netflix a couple years ago, seems like an amazing place to work, ultimately went a different direction for non-culture related reasons.