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> This really is one of these things where every employee in a cheap cost of living area will say "Exactly, man!" and people in an expensive area will see it di
by throw0101a 3y ago
> This really is one of these things where every employee in a cheap cost of living area will say "Exactly, man!" and people in an expensive area will see it differently because it might cap them lower than what they could get.
Well the co-founders live in the Silicon Valley area, with their physical HQ being in Emeryville:
* https://en.wikipedia.org/wiki/Emeryville,_California https://en.wikipedia.org/wiki/Emeryville,_California
- dewey 3y agoEarly stage VC-backed startup compensation is very different from later stage companies or bootstrapped companies. It's very common for founders or early employees to receive a lower salary and receive equity instead.
- throw0101a 3y agoHolding paper-gains equity doesn't provide monthly cashflow to buy groceries. :)
- dewey 3y agoI'm sure 200k will cover that, even in the SV.
- cdchn 3y agoI got some bad news for you.
- OkayPhysicist 3y agoThe Bay Area is expensive, but it's not THAT expensive.
- cdchn 3y agoIf you've got a family to support and you need to rent or try to own a home you're going to have a tough time with 200k.
- OkayPhysicist 3y agoI don't know how you're coming to that conclusion. 200k's not going to buy you a large house, but it'll comfortably pay rent/food/savings for a 2-3 bedroom house or apartment for a family of 2-4 in all but the very most expensive parts of the Bay. For mortgages, you'd need to be looking in the cheaper parts of the Bay, but that still means "dense, boring suburb" as opposed to "crime-ridden slum".
- cdchn 3y agoThey didn't say "Bay Area", they said SV.
- almost_usual 3y agoIf you owned a home in the Bay Area prior to 2020 and refinanced down to a sub 3% mortgage 200k is plenty. If you’re trying to buy now on that salary it will be challenging.