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The difference is that they back that statement up with A-level compensation. Most startups don't. Also, is Netflix still a startup?

by sbov 11y ago

monksy 11y ago
That's the startup mentality: "we can't develop our employees" because they're being cheap and naïve.
- morgante 11y ago
  Netflix is anything but cheap when it comes to employees.
runT1ME 11y ago
In terms of total compensation are they really that much different from other big companies? I know a fair amount of folks making Netflix level money when you factor in stock. They just give it in cash. shrug
- mahyarm 11y ago
  I want to second this about netflix. They pay the same total, but have different requirements.
- cloverich 11y ago
  An argument I've heard against this is that stock (etc.) is a way to give delayed money; it depends on you being locked in, the company not tanking, etc. The "equivalent" money now is more valuable. I'd love to hear a refutation of that, along with what these salaries are.
  - encoderer 11y ago
    Yes, principle of time value of money says you need to discount future money. But deferred compensation is also deferred tax and it can be very useful to be able to reduce/avoid a big tax bill. Actual dollars? Sr Engineer base pay at $175k+. Mid level at 135k. There are plenty of formerly middle class engineers making over $300k a year including equity. People often discount startup equity while overlooking the very lucrative large tech company equity. (Fb, goog, etc). My source for this is both friends and hiring in this market. To be sure not every eng in sfba is paid this amount. But they probably could be if they were willing to optimize for comp.
- steven2012 11y ago
  I mention above Netflix pays Senior Software Engineers over $350k/yr. This is far above anything any other company does by a wide margin. I'm not sure how much Google or Facebook employees make, but are they really making upwards of $400k/yr total comp?

The difference is that they back that statement up with A-level compensation. Most startups don't. Also, is Netflix still a startup?

by sbov 11y ago

The difference is that they back that statement up with A-level compensation. Most startups don't. Also, is Netflix still a startup?

monksy 11y ago

That's the startup mentality: "we can't develop our employees" because they're being cheap and naïve.

morgante 11y ago
Netflix is anything but cheap when it comes to employees.

runT1ME 11y ago

In terms of total compensation are they really that much different from other big companies? I know a fair amount of folks making Netflix level money when you factor in stock. They just give it in cash. shrug

mahyarm 11y ago
I want to second this about netflix. They pay the same total, but have different requirements.
cloverich 11y ago
An argument I've heard against this is that stock (etc.) is a way to give delayed money; it depends on you being locked in, the company not tanking, etc. The "equivalent" money now is more valuable. I'd love to hear a refutation of that, along with what these salaries are.
- encoderer 11y ago
  Yes, principle of time value of money says you need to discount future money. But deferred compensation is also deferred tax and it can be very useful to be able to reduce/avoid a big tax bill. Actual dollars? Sr Engineer base pay at $175k+. Mid level at 135k. There are plenty of formerly middle class engineers making over $300k a year including equity. People often discount startup equity while overlooking the very lucrative large tech company equity. (Fb, goog, etc). My source for this is both friends and hiring in this market. To be sure not every eng in sfba is paid this amount. But they probably could be if they were willing to optimize for comp.
steven2012 11y ago
I mention above Netflix pays Senior Software Engineers over $350k/yr. This is far above anything any other company does by a wide margin. I'm not sure how much Google or Facebook employees make, but are they really making upwards of $400k/yr total comp?