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Basically Mailchimp did nothing to enrich the Atlanta startup community with a bunch of people making nice exits via stocks etc.. Instead it is another example
by lgleason 5y ago
Basically Mailchimp did nothing to enrich the Atlanta startup community with a bunch of people making nice exits via stocks etc.. Instead it is another example of the Atlanta startup sharecropping model. A few years ago a reporter for the Atlanta Business Chronicle referred to Atlanta as the Bangalore of the South. Up until a few years ago, salaries didn't really compete with other locations and most companies that were opening up engineering offices in ATL did it as a cost cutting measure (IE: Bose, Pandora/Sirius etc..) COVID has opened up opportunities for developers living in Atlanta to have other options that are more lucrative.
Mailchimp had run it's course. It was a marketing play, and e-mail marketing has become a commodity business. Atlanta is, at it's heart, a marketing town. But even there, that can only take a marketing company so far.
- HatchedLake721 5y agoThey did nothing to enrich bunch of people with making money via exits because they never raised funds and were doing profit sharing https://mailchimp.com/culture/investing-in-people-through-profit-sharing/ https://mailchimp.com/culture/investing-in-people-through-pr... Mailchimp is also paying out $300M in bonuses https://twitter.com/Shubham/status/1437532055173226499 https://twitter.com/Shubham/status/1437532055173226499
- blocked_again 5y agoBangalore has changed. There are so many high paying dev jobs in Bangalore now where you take home salary after taxes + rent would be more than that of many US and European cities. People are no longer incentivized to take a massive loan and immigrate to US. That ship has sailed.
- evnix 5y agocould you name me a few companies whose take home is more than many in the US? I'd love to return :)
- deleted 5y ago[deleted]
- iamgopal 5y agoAll big names. But you will need to consider PPP.
- silentguy 5y agoAnd, QoL too. Bangalore has salaries comparable to US median salaries for the same role if you are doing PPP. But if you include QoL, the balance tilts to the US locations.
- blocked_again 5y agoHow does staying away from your parents and family for long periods of time in a completely diffrent timezone increasing the quality of your life?