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ByteDance also made news for "highest salaries in the world" and "unlimited salary for unlimited talent". $1M USD salaries plus options. https://www.washington
by emptybits 8y ago
ByteDance also made news for "highest salaries in the world" and "unlimited salary for unlimited talent". $1M USD salaries plus options.
https://www.washingtonpost.com/news/on-small-business/wp/2017/09/27/a-start-ups-hiring-strategy-unlimited-salaries/?utm_term=.39c423bf3ef5 https://www.washingtonpost.com/news/on-small-business/wp/201...
https://www.bloomberg.com/news/articles/2017-09-24/in-battle-for-talent-one-startup-founder-tries-unlimited-pay https://www.bloomberg.com/news/articles/2017-09-24/in-battle...
- nolok 8y agoWell,frankly it's "easy" when you don't make a profit and rely on investor money rather than balanced account.
- devoply 8y agoWhen you are getting money on a 75B valuation good luck cashing out on that sort of startup. The investors will eat most of that profit leaving you with a few million if you are lucky on a big exit.
- draw_down 8y agoFrankly that's between the board and their investors. I don't see why I personally should mind if investors' money is being wasted (as in Moviepass, or this company as you claim), especially if it's partially going to a big salary. Of course, if it really is such a scam, the gravy train will obviously end at some point.
- justin 8y agoStarting a startup with the engagement of TouTiao is not easy.
- bigbang 8y ago"ByteDance’s top earners make more than $1 million a year plus stock options, with total compensation sometimes exceeding $3 million. " I bet top earners at Google, Facebook etc make much more than this.
- deleted 8y ago[deleted]
- person_of_color 8y agoCan't make this assertion without seeing a distribution.
- ksec 8y agoSo 100 Engineers will cost $100M per year? I sometimes wonder why the gap between developers are so wide. There are many ( or more like majority ) in HK the make less than a $100K a year.