"Google decided that work-life balance and going home early and working from home was more important than winning," Schmidt said. "And the startups, the reason startups work is the people work like hell."
"I'm sorry to be so blunt," he added. "But the fact of the matter is, if you all leave the university and go found a company, you're not gonna let people work from home and only come in one day a week if you want to compete against the other startups."
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