> many startups cannot afford to pay 400K to developers It's a good point, but I wouldn't expect a construction company that could only pay 20% of cost to hire

> many startups cannot afford to pay 400K to developers It's a good point, but I wouldn't expect a construction company that could only pay 20% of cost to hire cranes to complete many buildings. So maybe startups in that bracket just aren't viable under their current models. Maybe they need to rethink their salary/equity mix to make up for lack of cash.