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I am also not sure how you got the 42 unicorns figure for Europe, https://europeanunicornmap.com/ https://europeanunicornmap.com/ lists 130 of them and I am gue
by hashar 4y ago
I am also not sure how you got the 42 unicorns figure for Europe, https://europeanunicornmap.com/ https://europeanunicornmap.com/ lists 130 of them and I am guessing it keeps growing.
We have plenty of almost unicorns here in Europe, then they tend to be smaller. Albeit the European Union market is roughly equivalent to the USA one in term of population or wealth, it is heavily fragmented legally and culturally. If you want to grow out of your country, you get to address the challenge of various different cultural differences be it for your product, running a business or entirely different laws. And sometime there is not even a market cause your solution is already addressed in some of the other countries.
> You're going to argue that 4 months severance from FB, where average developer pay is the highest in the world with Sr. Engineers getting $300k in cash compensation
Those would involves RSU which I guess do not get vetted, even so 4 months several when having a $300k salaries yields out a $100k severance.
> is worse than 6-12 months severance from a European tech company, where cash comp is 20% of that?
I am not sure it would be that large. At least for France it is 25% of a monthly wage per year of tenure. So for a 5 years employment that would be 1,25 months. Then you get unemployment benefits, usually a package to assist in finding a new job and of course you keep your healthcare coverage. The system is entirely different really. We get less lump sum but have a lot of other benefits which definitely help in rough time.