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Sorry - your example is probably one of the exceptions. I know two startup founders in Bangalore who face these issues - especially reason #1: matching the com
by divtxt 15y ago
Sorry - your example is probably one of the exceptions.
I know two startup founders in Bangalore who face these issues - especially reason #1: matching the compensation for good talent.
And reason #3: there are almost no examples of non-founder startup millionaires in Bangalore (/India).
This is how most developers in Bangalore got rich in the last decade: get the highest compensation you can and invest as much as you can in two things: real estate and stocks.
- kamaal 15y agoYes, but partly the rapid growth in the 90's and early 2000's is also responsible. Most of them, heck nearly 95% of them got rapidly promoted regardless of their merit. The problem is the moment is start offering good compensation people flock to such opportunities, some how mug up a few interview questions, read some stuff and join the company. And then do nothing there, just relax. After two performance review, when the milk is clear from water they just happily go the next job with the same interview trick. So now they earn well and don't perform either. The actual thing is to spot and retain good talent.
- raghava 15y ago> example is probably one of the exceptions. Precisely. I myself have seen many MBA types running around looking for 'developers who would strictly be employers only, to implement that cool idea (which usually is a clone of some famous thing on the other side of planet)' with no equity offered. And as there is no safety-net through social security here, any worthy fellow would choose the obvious and avoid such startups, as the risks far outweigh the benefits. People get what they pay for, simple as that.