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The whole truth: When the average pre-revenue startup says: > "We need the best engineers" What they really mean is this: "We really need ex-FAANG engineers
by rvz 1y ago
The whole truth:
When the average pre-revenue startup says:
> "We need the best engineers"
What they really mean is this:
"We really need ex-FAANG engineers from Ivy League, Stanford, MIT and Oxbridge for close to below market rates."
*6 months later:*
"We have a skills shortage of the best engineers"
What they really mean is this:
"No one wants to accept our below market price offers, even with 0.01% equity which may be worth something one day."
If the startup cannot offer a competitive compensation to FAANG or the big AI companies, just walk away. Likely dodged a bullet anyway.