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Petter comments on question: the 40 hour work week vs Silicon Valley? - Less Wrong
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Everyone who applies to Google is not ultra-smart. Far from it.
As a first-line interviewer, most people get rejected for being blatantly, horrifically incapable.
The perception that they are, unfortunately, causes many people who'd have a chance at acceptance to not even try. Anyone reading this, if you've thought about applying to Google and decided you don't have a chance, please think again! The opportunity costs are really low, and potentially negative; worst case you'll get a bit of interviewing experience.
No, everyone who applies to Google is not ulta-smart but most who are hired are probably pretty smart.
Given that everyone who are hired are smart, gwerns point is valid.