You are right in the sense that my company was underpaying relative to the market. The reasons I decided to stay were: 1. I had been there < 3 years, and was a

You are right in the sense that my company was underpaying relative to the market. The reasons I decided to stay were: 1. I had been there < 3 years, and was at my only other job was 1 year, and I think that has at least slightly negative connotations on a resume to some. 2. I get to be team lead (of a team of 2, yeah), which is not something I would get to do anywhere else, given my 4 YOE. 3. I like my team and WFH and WLB and taking a chance on a new company when the comp would be the same sounded risky. 4. I didn't actually have any offers. I had made it to 3 on-sites and had a few more in the pipeline, but most were for lower compensation than my counter-offer. I went ahead and did the on-site that was for more comp afterward (I told my boss I was doing this), but I didn't get the offer there either, so I didn't really have another option to choose instead. 5. 200k is top-of-band for non-tier-1 companies for my area / YOE, and more than half of the tier 1 companies in my area were over an hour commute.