Yammer CEO offers $25K bounty for Yahoo engineers
David Sacks is angry at Yahoo, and he's hoping its engineers are too.
The fallout from Yahoo's sweeping patentcontinues.
David Sacks, the CEO of Yammer, which is a social network for companies, took to Twitter today to urge Yahoo employees to jump ship.
I'm pleased to announce a $25,000 signing bonus for any Yahoo employee who joins Yammer in the next 60 days. yammer.com/jobs— David Sacks (@DavidSacks) March 15, 2012
While Sacks is appealing to all employees, the real crunch among tech companies is for software engineers. Yammer, which has raised $142 million in venture funding, has been battling hard to lure talent. And Sacks, like many in the Valley, is and its patent attack on Faceboook.
Here's one of his tweets from Monday, the day Yahoo filed the suit:
I'm declaring it: Yammer will never hire another former Yahoo employee who doesn't leave in the next 60 days. Who will join me? #stopyahoo— David Sacks (@DavidSacks) March 14, 2012
And another from March 7th, five days before suit hit:
Yahoo employees: why are you still there? You work for a patent troll. Quit now to send a message and preserve your dignity.— David Sacks (@DavidSacks) March 7, 2012
In truth, a $25,000 signing bonus for a good software engineer isn't high. The demand for coders is intense, and the folks at Yammer and elsewhere are going all out these days.
This signing bonus certainly can't hurt. But it's more than that. Any restless Yahoo engineer angry at the company's actions--and surely there are plenty--might be attracted by Sacks' approach. He's certainly showing them what kind of leader they'd be working for.
Sacks is a longtime startup guy. He was PayPal's original chief operating officer and product leader, taking the company from startup phase to IPO and eventual sales to eBay for $1.5 billion. He also founded Geni.com, a genealogy site that lets millions of family members to collaboratively build an online family tree.
San Francisco-based Yammer is sort of like Facebook for companies: employees can post, share and discuss items. It's become an integral tool for many startups, but it's also big among larger businesses. More than 80 percent of Fortune 500 companies use Yammer.