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Nah, I don't think so. When a company like Color (and honestly I don't know that Color is a lame duck, I'm just using them as an example) has $40 million to bur
by axiom 15y ago
Nah, I don't think so. When a company like Color (and honestly I don't know that Color is a lame duck, I'm just using them as an example) has $40 million to burn they can afford to pay a kid right out of school $150k/yr + $1M in equity. Most startups can't, even if they are totally viable high quality businesses. So in a non-frothy market those good quality companies would be able to find talent - but in this kind of market it's borderline impossible unless you're a super-hyped rock star startup.
Anyway, I'm probably just jaded because it's been so insanely hard to hire lately (compared to ~1 year ago.)
- joncooper 15y agoDo you know it to be the case that Color has paid a kid just out of school $150k + $1M in equity? When I was trying to hire Rails & front-end folks recently I was seeing the market around $100 - $130k for reasonably experienced people, and had success hiring in that context. $150k for someone out of school seems unlikely to me. Re: Color - I assume they raised their $40mm at something like $100mm post-money, which would mean a 1% option grant. That strikes me as far outside the norm for any engineer that isn't a core part of the team.