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"How will the bubble burst impact employees who are in a well funded startup?" I suppose the real question is how "well funded" are they? If they are positive
by gamechangr 11y ago
"How will the bubble burst impact employees who are in a well funded startup?"
I suppose the real question is how "well funded" are they? If they are positive cashflow, then they will be in a stronger position.
If, on the other hand, they have 12-24 months of runway, like most "well funded" startups, then they will be in real trouble.
Also, developer pay on average goes down in a number of ways.
1) Starting salaries are lower - mostly because of supply and demand. When quite a few very talented developers are actually available at the same time..that lowers overall packages.
2) bonuses are lower. Again, replacement cost is cheaper
3) Developers get let go. With every company that goes bust, owners/board members put more pressure on management to "to plan for the end game" or "pair down non-essential activities".
That's just a few.