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> "It’s gone too far,” says one venture capitalist... This investor is probably making more than the vast majority of the people building technology. It's not

> "It’s gone too far,” says one venture capitalist... This investor is probably making more than the vast majority of the people building technology. It's not clear to me why society benefits from that. High salaries encourage young people to enter the field. That's a good thing. High housing costs are another matter...

arcanus 10y ago
A VC complaining about overpaying someone does admittedly speak to their core-competency.
sfaf 10y ago
A pretty ridiculous statement given that a VC pays close to 20% income tax while these well paid engineers are taxed at almost double that %. The VCs carried interest tax loophole has gone too far, not market competition for engineering salaries (which was previously priced fixed through non-poaching agreements). "The engineers are getting paid too much so my startups can't convince them to work for equity because of the free market while my entire industry avoids paying taxes and stiffs America." Cry me a river, vc.
- wolfgke 10y ago
  > A pretty ridiculous statement given that a VC pays close to 20% income tax while these well paid engineers are taxed at almost double that %. The VCs carried interest tax loophole has gone too far, not market competition for engineering salaries (which was previously priced fixed through non-poaching agreements). The problem rather is that it is (from bureaucratic-legal-financial overhead) hard for an "ordinary" person to become a VC. That is where you should demand change for more justice.
walshemj 10y ago
Note that the VC didn't go on record other wise his firms might get boycotted which would be no bad thing
wolfgke 10y ago
> This investor is probably making more than the vast majority of the people building technology. It's not clear to me why society benefits from that. I think if smart people get enough money to found companies, which at the end deliver products people want (otherwise they wouldn't give their money etc. for it) and new job opportunities for prospective empolyees (people would not take the jobs if they had better opportunities), society clearly benefits.
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arcanus 10y ago

A VC complaining about overpaying someone does admittedly speak to their core-competency.

sfaf 10y ago

A pretty ridiculous statement given that a VC pays close to 20% income tax while these well paid engineers are taxed at almost double that %. The VCs carried interest tax loophole has gone too far, not market competition for engineering salaries (which was previously priced fixed through non-poaching agreements). "The engineers are getting paid too much so my startups can't convince them to work for equity because of the free market while my entire industry avoids paying taxes and stiffs America." Cry me a river, vc.

wolfgke 10y ago
> A pretty ridiculous statement given that a VC pays close to 20% income tax while these well paid engineers are taxed at almost double that %. The VCs carried interest tax loophole has gone too far, not market competition for engineering salaries (which was previously priced fixed through non-poaching agreements). The problem rather is that it is (from bureaucratic-legal-financial overhead) hard for an "ordinary" person to become a VC. That is where you should demand change for more justice.

walshemj 10y ago

Note that the VC didn't go on record other wise his firms might get boycotted which would be no bad thing

wolfgke 10y ago

> This investor is probably making more than the vast majority of the people building technology. It's not clear to me why society benefits from that. I think if smart people get enough money to found companies, which at the end deliver products people want (otherwise they wouldn't give their money etc. for it) and new job opportunities for prospective empolyees (people would not take the jobs if they had better opportunities), society clearly benefits.

deleted 10y ago

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