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Paying top of market (in cash, like Netflix) is tough for companies that don't have a very large revenue stream. When you start, if you try to pay Netflix-like
by aetherson 8y ago
Paying top of market (in cash, like Netflix) is tough for companies that don't have a very large revenue stream. When you start, if you try to pay Netflix-like salaries, you'll run out of money very fast.
The traditional workaround for startups had been to award equity instead, but for a variety of legitimate reasons, workers these days are cynical about the value of startup equity.
- hopler 8y agoNot necessarily. Hypothetically Netflix might be paying high performers for their roles 1.8.x to do the work of 2 mediocre performers earning who would earn 1x each under a different management style.