4 ms·
The $155k salary might be due to the transparency, but could it also be due to a simple inability to pay developers $300k+? That's well over double the CEO's sa
by nilkn 10y ago
The $155k salary might be due to the transparency, but could it also be due to a simple inability to pay developers $300k+? That's well over double the CEO's salary. I think it's clear they simply don't have the revenue and cash reserves to pay developers that kind of money. I suspect you'll find this to be true at a lot of smaller startups that rely on actually making money instead of fundraising.
- jsprogrammer 10y agoThe latest model I have seen showed founders making about one-third of top-level employees.
- bduerst 10y agoIn take-home income right? They still have sizeable ownership of the company and vesting.
- jsprogrammer 10y agoYes, they are willing to forego significant salary because they will control most of the profits.
- a13n 10y agoThe salary is peanuts compared to what that CEO gets compensated.
- deleted 10y ago[deleted]
- bambax 10y agoAlso, Buffer is entirely remote. I bet many people are willing to take a big pay cut if they don't have to commute to an office building every day (and of course, other people like office life -- but remote positions are rare, so it's normal that they're more "expensive" for employees who really want them).
- s_kilk 10y agoAlso, if you're working remotely from a more affordable location you may not need as much salary in order to live a very comfortable life. I think our expectations are skewed by the crippling cost of living in SF, New York, London, etc.
- RussianCow 10y agoBuffer actually adjusts the salary based on location, so this is (at least partially) taken into account.