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Your critique appears to assume that every tech company or startup begins by offering below market rates. That's not universal, and who knows, maybe they had a

Your critique appears to assume that every tech company or startup begins by offering below market rates. That's not universal, and who knows, maybe they had a seed round and were able to pay people appropriately. They were also founded in 2008, it was a different time in the market anyway. Looking at Crunchbase's list of articles, the earliest news story from May '08 mentions that it was a four-man startup that was completely virtual. Don't know how that lasted, but not having an office certainly frees up the budget to pay people. https://gigaom.com/2008/05/07/bandcamp-clubwiki/ https://gigaom.com/2008/05/07/bandcamp-clubwiki/

hamburglar 5y ago
My critique assumes no such thing, it just claims it's likely. That's why I used the word "likely." I certainly hope it's not controversial to suggest that VC-backed startups, especially thrifty ones like bandcamp allegedly is, very commonly offer lower salaries to extend runway and make up for it in the form of equity options. My last startup offer actually gave me a window of salary ranges and let me choose my salary based on how much equity I wanted. The more salary, the less equity.