More
than a lifetime ago, I stood where you stand now, ready for the capstone of my
E.O. Smith career. I salute each of you for all of your accomplishments leading
up to today’s crowning glory, and I congratulate everyone who has
supported you and made it possible to get here.
I’m
sure that each of you has your own plan for what comes next in your life,
although no doubt for some of you, that plan is something like: “hang out
at my parents’ house to decompress and figure out what to do with my
life”. That plan is really more of a “metaplan” than a plan.
If that’s where you’re heading, that’s cool by me, but make
sure you don’t spend so long chillaxin’ at your parents’
place that they start to introduce you as “my offspring, the Big
Sponge”.
I
guess I ought to tell you something about my connection to you and about my
life in general. I grew up in Storrs
from the age of two. I graduated from E.O. Smith in 1987, and my two brothers
and one sister graduated from E.O. Smith as well. All four of us went straight
to college after high school, and three of four went straight to grad school
after that. (The youngest of us spent two years working before she returned to
grad school.)
My
parents still live here in Storrs
in the very same house that they moved into when I was in 1st grade. And my
father’s still a professor at Uconn, which he has been since even before
I was in 1st grade. Although none of us kids stayed in the immediate vicinity
of Storrs , two of us have remained not far away,
and still live in Connecticut .
When I finished grad school, in 1995 (still most of a lifetime ago), I entered
the work force. I had always been a “math & computers” guy, so
I took jobs in high-tech, doing software engineering and computer security
work. One year out of school, in 1996, I went west to Silicon Valley, which is
a pretty classic move for people in high-tech. Actually, people in high-tech--
and other people, too-- often move to Silicon Valley
not just because there are cool jobs there, but because they hope to strike it
rich.
In
Silicon Valley , companies are constantly being
born, coming of age (if they even get that far!), and dying often painful
deaths. Anybody who’s lived in Silicon Valley will tell you that 97% of
startups fail-- because the idea behind the company turns out not to be quite
as ingenious as everyone thought, or because the competition somehow makes it
impossible to break into the market and make any money, or because the
company’s management has no idea whatsoever how to run a company, or
because they weren’t able to recruit the right people to do the work, or
because actually building their product took longer than expected and so they
ran out of funding, or because they were so far ahead of the rest of the world
that nobody could even understand their product, or because of any of a million
other reasons.
Many
people in Silicon Valley change jobs the way
people elsewhere change clothes. Some of these people really like the
excitement of working for a small company, because things happen quickly,
everyone has a lot of responsibility, and they get to wear a lot of different
hats. These often people claim that they feel bored working at larger, more
stable companies. Other people have rather mercenary motivations: they’re
always looking to be at the start of the next big thing, because if they can be
there at the right time, they might be able to make a bundle of money.
Sometimes,
startups that are looking for funding can’t even pay their employees wages--
they pay them in stock, instead. I have friends who worked at a company for
over a year, being paid only in stock. And even though this company
wasn’t paying its employees any money, it was company policy that all
employees had to work like dogs. I remember going to a Saturday wedding with
those friends, and they told me that they had had to get special permission to
take part of the day off so that they could attend it! Unfortunately for my
friends, this particular company eventually went under, never having managed to
obtain enough funding to get anywhere in the world. Some people in Silicon Valley have worked for so many unsuccessful
companies that they joke that they can paper their walls with worthless stock
certificates!
In
any case, at the end of 1998, the company I was working for was busy paying the
price for some bad decisions they had made that had caused them to lose some
hundreds of millions of dollars. (Back in 1998, people actually thought that
that was a lot of money!) They had to close down their Bay Area operations a
mere five months or so after they had opened up the office and I had started
working for them. So in December of 1998, I found myself looking for a job. At
that time, I had a friend, Meredith, who was a grad student at Stanford. Her
boyfriend, who went at that time by the name “Sir G”, had started a
little software shop with his buddy Larry. These two guys-- Sergey Brin and
Larry Page-- had followed a time-honored example out west: they had gone on
leave from Stanford grad school-- in this case, from the Computer Science
Department’s PhD program-- to start a company in September of 1998. In
this case, the company was called “Google”, and it was started to
commercialize a research project that Sir G and Larry had been working on in
grad school. (Note that since Sergey’s a big captain of industry these
days, it’s been some years since he referred to himself by the rather
diminutive-sounding “Sir G”.)
Meredith
and another friend, Gil, engineered a meeting between me and Sir G and Larry.
It turned out that they were looking to hire software engineers for their
fledgling company, and since I was out pounding the pavement for a job at the
time, we discussed the possibility of me working for their company. Within a
week or two, I had come in for a more formal interview with the whole team: Sir
G and Larry and their first two employees. Shortly after that, I had a job
offer from them, and I had to figure out whether I wanted to go to work there
or at one of the other companies that had extended offers to me.
The
main down side to working for this company was that the odds were way against
it going anywhere, just as the odds are stacked against any early-stage
startup. At least my job offer from them was a real job offer that included a
salary, and not just stock options. (At the stage I was at in my life back
then, not receiving a salary would definitely have been a deal-breaker!) But
job-hunting can be a painful and time-consuming process, and I didn’t
want to take a job and then find myself out on the streets looking for a job
again in another six months or so. It didn’t help any that the company
had been founded by grad school dropouts-- if things started getting a little
bit tough for the company, I could imagine the founders saying, “Well,
this whole business of running a company turns out to be a real drag!
We’ve decided that we’re going to shut it all down and go back to
grad school.”
So
I talked with my friend Meredith, who you’ll recall was dating Sir G at
the time. I don’t recall our conversation exactly, but it was something
like this: “Hey, Meredith-- do you think these guys are serious about
making this work?” And Meredith said: “Yeah, they really are.
They’ve been talking to a lot of really knowledgeable people about how to
proceed.” So I said: “Do they know what they’re doing? Is
there any chance whatsoever that their company could get somewhere?” And
Meredith said: “They’ve been figuring things out pretty well so
far, and everything seems to kind of just fall into place for them kind of
magically. They weren’t even planning on necessarily starting a company,
when someone threw $100,000 of funding at them. Then someone else had a little
extra space at a data center, so they kind of lucked into having a place to
stick all their servers.”
I
think Meredith might have voiced a few more examples of the sorts of
serendipitous happenings that seemed to follow these guys around.
I
started work on January 11, 1999. This was the first time I ever worked for a
tiny little startup company, which, as I discussed earlier, can be a rather
risky endeavor. For me, there were three main reasons I decided to go to work
for these guys:
•
They seemed like they’d be fun to work with;
•
I imagined that I’d get to work on all kinds of neat things;
•
The company seemed to have a chance of success. Hardly anybody had heard of it
at that point, but everyone who had tried their product really liked it.
As
fate would have it, I was lucky, and my analysis above turned out to be more or
less correct…
“Fun
to work with”? A week after I joined Google, Harry started working there,
and he and I started company roller hockey games twice a week in nearby parking
lots. (We would play in a parking lot for a few weeks until the security guards
or someone noticed and we got kicked out, and then we’d have to find a
different parking lot to use from then on.) For a while, more than
three-quarters of the company participated in our roller hockey games!
Harry
and I also pushed for a company ski trip to Tahoe, and so everybody piled into
a van and drove up for a few days of fun at Squaw Valley .
Somewhere, there’s some slightly embarrassing footage of me from that
first ski trip: Sir G jumps off a big cornice and sticks the landing no
problem. I follow him, except that I actually just stand there for about 30
seconds trying to psych myself up to jump off. Finally I summon the nerve to go
for it, but as soon as I jump off, I disappear from view, because I crash-land
and am not visible from down below where the camera is. Another 30 seconds or
so passes before I can extricate myself from my situation and stand up into the
camera’s field of view, more or less completely covered in snow.
Roller
hockey and ski trips are nice, but it’s more telling that Google is at
the very top of everyone’s “Best Companies to Work For”
lists. Between three meals a day of gourmet chow, doctors on-site to visit
without having to head out and sit in a waiting room, cheap massages, and many
more perks, the employees have it pretty soft. Life at the company is about as
much like life in a college dormitory as I can imagine. In fact, in a way, life
there is a little too soft
and dorm-like: since all of employees’ needs are taken care of on-site,
it’s easy to forget that there actually is a whole world out there!
Employees might never get around to spending time outside Google!
In
addition to the easy living, employees have the benefits of being in a culture
where it’s a good thing
to think big. What do I mean by that? Well, I can remember numerous times when
engineers said something like, “I just had this great idea. I could
really improve our service if I could have 10,000 computers in each data center
dedicated to my idea.” You can have ideas like that at any company, but
at most companies, there’s no point in even bothering to verbalize them,
‘cause there’s no chance that anyone’s going to hand you all
those computers. But at Google, if you can make a case for the great things
you’re going to do with all those computers, you can have them! For a
person who gets lots of neat ideas, being in a corporate culture that supports
and nurtures those ideas is more important than any fancy-shmancy corporate
benefits. Mind you, back when Google was a 5-person shop working out of half a
house, we didn’t have 10,000 servers to give to everyone’s pet
project. But even back then, we thought big in other ways.
All
right-- I realize that I sound like a corporate recruiter! I should move along,
since I no longer work for Google, and since I don’t have any jobs to
offer anybody.
Next
on my list of reasons to work at Google: “Get to work on neat
things”. Before I started working there, I imagined various projects that
I’d work on, and some of them were pretty appealing! I have to admit that
the things I actually did work
on were almost completely different from the things I originally envisioned
working on. Still, there was-- and still is!-- a lot of cool stuff to work on
at Google, and I had my hands on a decent amount of it.
Finally:
“The company seemed to have a chance of success”. Google survived
the dotcom bust years comfortably as a privately-held company, and went public
in 2004 in a way that made many people say it was totally and ridiculously
overvalued. Since then, its value has gone up by a factor of six or so, and the
company is one of the 20 or so largest companies in the US . It has eclipsed its rivals in
earnings, market share, value, and just plain coolness. Its name is now a verb
in the Oxford English Dictionary! And it has offices all over the planet.
OK,
I sound like a corporate recruiter again. No more!
So
that’s the story of how I brilliantly used the traditional Silicon Valley
technique of being in the right place at the right time with the right skills
to become the 3rd person hired at Google. In other words, I had the right
personal connections and good luck. Looking back at how things worked out, it
was a great decision, and my 50 months working at Google made me very
comfortable financially for the rest of my life, or so I expect. But that’s
all hindsight, and my Google experience could easily enough have gone very
differently.
Actually,
at the time that I accepted my job offer from Google, I was also considering a job
offer from another company in the Internet search space. The CEO of the other company tried to talk me out of
taking the Google offer, saying that not only were there very low odds of a
tiny startup like that actually going anywhere, but that even if it did survive,
the best I could hope for was for it to be acquired for $50M, and then
I’d end up with my own very small chunk of that valuation. He even
mentioned how a “much more substantial player” was recently
acquired for $35M. It’s more than a little amusing for me to look back on
the advice this CEO gave me and to
think about how Google is now worth more than 3,000 times the $50M figure that
he felt was a very generous estimate. And this guy wasn’t a random person
chosen off the street; he was the CEO
of a company in the same industry segment as Google!
Today’s
commencement exercise is an official E.O. Smith event-- possibly the last one you’ll
ever attend!-- so it should have an educational component. What can I say now
at this critical turning point in your life to help you with your future? If I
were a better writer, I’d have come up with good advice and managed to
integrate it nicely and logically into the rest of my speech. But instead of a
good writer, you have me in front of you; so you got my personal narrative in
part 1, and now you get my advice in part 2. There aren’t necessarily
always strong tie-ins between part 1 and part 2...
•
Don’t be afraid to think big or to
shoot for the stars. Wayne Gretzky said, “You miss 100% of the
shots that you never take.” We all have our limits, and nobody is capable
of doing absolutely everything-- remember when Michael Jordan wanted to be a baseball
player? But if you aren’t even willing to try to make your dreams come
true, you’ll end up settling for less of a life than you could’ve
had. While you should always strive for success, you should realize that for
many things in your life, failure actually is an option. But when you
fail, don’t let it be because you didn’t care or didn’t try.
•
Don’t be afraid of hard work.
Wayne Gretzky said, “The highest compliment that you can pay me is to say
that I work hard every day, that I never dog it.” At the same time, don’t
be afraid to spend some of your time not working. In some of my
years in industry, I spent pretty much all my time working. At the other end of
the spectrum, I spent most of my second year of grad school playing video
games! Somewhere in between those two extremes lies a reasonable balance, and
that balance is different for different people. Know that with hard work you
can achieve great goals, but also know that there’s more to life than
just your career. If all you ever do is work, you will regret it. You will look
back on your life, and no matter how much you have accomplished, you will wish
that you had lived differently. Play time and family time and sleep time are
all necessary for you to recharge yourself, to keep yourself from burning out,
to get perspective on what you’re doing and what your life means, and to
get good ideas for the future.
•
Respect your future. Wayne Gretzky
said, “A good hockey player plays where the puck is. A great hockey
player plays where the puck is going to be.” What I mean by “respect
your future” is: make choices that will make you happy for a long time,
rather than just focusing on the next two seconds. Among other things, that
means that in everything you do, you need to be sufficiently upstanding that
your conduct doesn’t keep you up worrying late at night.
•
Respect yourself and respect other people.
This means that you should realize that everyone is unique, and everyone has
his or her own ideas and abilities, and that this is a good thing, rather than a bad thing. Celebrate
diversity! The fact that people are different and possess different talents
means that when you work as a team, together you can achieve more than any one
of you could alone. I used to be a real elitist—I worked hard, I attended
all the best schools, and I thought that with my smarts and my talents and my
background, I was pretty hot stuff. When I entered the working world, I was
amazed to discover that there are incredibly talented and capable people out there
from all walks of life! Don’t think less of someone just because their
background differs from yours. (Of course, if people manage to prove to you by
their actions that you really should think less of them, then
go ahead and do so.)
•
Even if you’re super-smart and
super-capable, don’t discount the benefits of your connections in life.
If you can use your connections to get things done, don’t think of that as
cheating; instead, view your connections as part of your overall skill set. In
fact, when you look at corporate executives and politicians, sometimes it seems
like connections are their entire skill
set! And although good luck isn’t exactly part of your skill set as such,
you shouldn’t be ashamed when good luck helps you accomplish things, either.
I’ll use that Gretzky quote one more time here, since it’s
everybody’s favorie, and since it’s at least slightly related:
“You miss 100% of the shots you never take.”
•
Finally, always remember that you’re
only one small part of the world. You’re an important part of
the world, certainly, but so is everyone else. Do things that will help
everybody, not just yourself -- think of how great life would be if everyone acted that way! With the
complexity and hassles of modern life, it’s really easy to get wrapped up
in your own little world. Who has time to try to make the world a better place?
Well, even though things seem hectic now, they’re probably going to seem
even more hectic later on when you’re trying to deal with your
spouse’s strep throat and trying to get your well-deserved promotion at
work and wondering who’s going to pick up the kids from day care after
school and when do you get to go on that vacation, anyway? Living in today’s
society is a stressful business for everyone, and everyone needs to figure out how
to find the personal resources to try to make the world a better place.
It’s
been an honor to speak to all of you today. As far as I’m concerned, my
generation has worked very hard to mess up society and our planet, and now
it’s finally your chance to try to fix everything up. I wish you all the
best of luck!
Commencement Address by Ray Sidney at Edwin
O. Smith
High School at Storrs , Connecticut - C lass of 2007
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