2 ms·
Doesn't that makes the calculus worse for the startup, not better, due to time value of money? The counterfactual FANG worker chugging along at 250k/year has h
by loeg 3y ago
Doesn't that makes the calculus worse for the startup, not better, due to time value of money? The counterfactual FANG worker chugging along at 250k/year has had health insurance, deductible retirement contributions, and years of stock market growth to appreciate their nest egg.
- stanmancan 3y agoI don’t think so? $300,000/year for 14 years is $4.2m If you’re making $1m in profit after 14 years it doesn’t take long to catch up even if your first few years were slow. You also are sitting on a business you could likely sell for $5-10m on top of that.