The economic value isn't measured in revenue but the stock price, which you get paid your bigger bucks in. Their stock dropped 86% over the last year, so marke

The economic value isn't measured in revenue but the stock price, which you get paid your bigger bucks in. Their stock dropped 86% over the last year, so market value per engineer is not the same. Compensation was made with that in mind. I doubt existing salary compensation will go down -- the best will leave, or even ask for stock refreshers in stock side to stay -- so now it is dog eat dog. You are right wrt revenue focus though. Recent Series A/B unicorns will have 100+ employees, but at 20-100X valuation multiple on not that much revenue, so valuation coming down to levels of 5 years ago (which were still frothy!) hurts more bc little revenue to fall back on should a down/bridge round not work out. We are still a year out from many of these being forced, but many smart people at these shops are already (secretly) on the job market.