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Just like all the children are in the top 50% at school, Joel points out that all of our employees are hired from the top 1% - or at least, we like to tell ourselves that. This is one of the best pieces of advice in the article:

By the way, it's because of this phenomenon 14the fact that many of the great people are never on the job market - that we are so aggressive about hiring summer interns. This may be the last time these kids ever show up on the open market. In fact we hunt down the smart CS students and individually beg them to apply for an internship with us, because if you wait around to see who sends you a resume, you're already missing out.