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Starting 2018, Basecamp is paying everyone as though they live in San Francisco and work for a software company that pays in the top 10% of that market (compare
by enra 9y ago
Starting 2018, Basecamp is paying everyone as though they live in San Francisco and work for a software company that pays in the top 10% of that market (compared to base pay + bonus, but not options)
Options can be fairly large part of the compensation in SF, often as much or more than your salary (which is already highest in the market). Depending on the maturity of the company those might be a lottery ticket or actually liquid stock that you can sell on the public market.
- TulliusCicero 9y agoThe author of the blog post seems to be rather confused about stock. Many, perhaps most tech companies in the SF/SV area use stock grants (RSUs), not options. And if you ignore that, then you're not actually matching compensation for the area.