4 ms·
Relatively few companies have the scale or the efficiency for it to be profitable to hire engineers at Silicon Valley wages.
by closeparen 4y ago
Relatively few companies have the scale or the efficiency for it to be profitable to hire engineers at Silicon Valley wages.
- donavanm 4y agoSure. Lots of companies and employees are located elsewhere. And software + services is a heck of a financial drug. I dont think that changes the underlying message of how to think about employee comp or business opportunities.
- closeparen 4y agoCompensation is negotiated up and down marginally by the cost of hiring someone else, but bounded above by profitability. You could be the best price:performance employee in the world for a small business, there's just not all that much they could pay you. A huge mega-profitable tech company can pay whatever it takes for top talent and also get away with sometimes inefficiently overpaying rest-and-vesters.