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$1M is a typical US startup fund, if not a little low. The $250k for a house is weird, but in the US we make deals like spousal hires that might seem strange i
by frozenport 9y ago
$1M is a typical US startup fund, if not a little low.
The $250k for a house is weird, but in the US we make deals like spousal hires that might seem strange in other places.
- WithHighProb 9y agoI believe it's a down payment even it's not mentioned. It's a reasonable amount of money for down payment in suburban area of major cities in China
- ylem 9y agoStartup packages vary a lot depending on the tier of the university (I have seen $300K to $1M at research universities). I imagine the housing subsidy is due to the high price of real estate in Shanghai. Some US universities offer favorable loan terms to faculty in places like UCSB, so perhaps not that strange...