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Depends on your definition of Startup, late stage companies like Stripe and Databricks are definitely matching/beating these offers. Mid-stage companies like C

by websap 5y ago

Depends on your definition of Startup, late stage companies like Stripe and Databricks are definitely matching/beating these offers. Mid-stage companies like Convoy are also going very high, but there is an upside with those companies. Don't know much about early stage, but a few of my acquaintances are moving from FAANG companies to early stage companies to play the lottery.

m_ke 5y ago
I'm a founder taking a significant pay cut and worked at early stage startups before that. Had a few hot new ML startups try to recruit me and their offers are nowhere near what my friends at FAANG are making. Last time I was looking for work 8 years ago the gap was nowhere near this large.
- websap 5y ago
  Not sure about founders, but if you're looking to hire top talent you need to pay them, give them the promise of meaningful equity. Software engineering is one of those professions where you don't work a 9 - 5 job. I'm constantly thinking about problems at work, while i do mundane tasks like cleaning my apartment, or doing the dishes.
  - m_ke 5y ago
    Yes but unfortunately most startups can't afford to compete with monopolies. As the OP mentions I'd recommend anyone considering startups to value equity at $0 unless it's a late stage company with a lot of traction and top VCs backing them.
    - moneywoes 5y ago
      Would you define late stage as Series B? Where do you draw that line?
      - m_ke 5y ago
        Yes, ones that are obviously a year or two from an IPO or a major acquisition.
adammarples 5y ago
Stripe being founded 12 years ago with 7 billion in revenue I don't call a startup. Might as well call facebook a startup at this point. Databricks is 8 years old. They are just private.
- Apocryphon 5y ago
  Nearly public, to be exact