1) "Ideas" types do well at Google, they reward people for starting new things, not so much finishing things.
2) "it seems like people in the industry get by based on one previous successful project." - works both ways, people also get tarred with one unsuccessful project. And like success depending on how hard the fail was it can be an influence on the rest of your career.
3) "What could he possibly be bringing to the table with Google?" - this guy has 'model googler' written all over him. Seriously. Lots of ideas, lots of ways to use existing technology tied together in fun ways. If the guy can convince two or three developers at Google to help him bring an idea to fruition he'll do well.
People also get tarred with one unsuccessful project.
This doesn't actually seem to be the case. The startup space is littered with ex-CEO's who can still raise capital. These folks are seen as battle hardened. I think all of the Color guys are going to end up fine despite that debacle.
Good point, but there are flavors of fail. There is the 'you reached to high and fell off the ladder' flavors which are generally seen as a good thing, and then there is the 'selling bungee harnesses to teenagers' flavor where people say "What exactly were you thinking would happen?"
I tried to help Ed Patterman build a Golf magazine on the web in '95 it failed because it was too early. Sony tried to create an e-reader where they charged money to put out of copyright works in PDF on to it for you to read. It failed because it was a stupid idea.
Specific comments on your rant:
1) "Ideas" types do well at Google, they reward people for starting new things, not so much finishing things.
2) "it seems like people in the industry get by based on one previous successful project." - works both ways, people also get tarred with one unsuccessful project. And like success depending on how hard the fail was it can be an influence on the rest of your career.
3) "What could he possibly be bringing to the table with Google?" - this guy has 'model googler' written all over him. Seriously. Lots of ideas, lots of ways to use existing technology tied together in fun ways. If the guy can convince two or three developers at Google to help him bring an idea to fruition he'll do well.