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Young people are naive and unencumbered, so a few older VCs can use their cheap and highly skilled labor to make a lot of money. Older people aren't such sucke
by yters 14y ago
Young people are naive and unencumbered, so a few older VCs can use their cheap and highly skilled labor to make a lot of money. Older people aren't such suckers.
- pacaro 14y agoThis. Many startups claim to offer "competitive" salaries, but really only mean "competitive for someone with little experience". Now here's the question, if I'm asking for twice what a company claims that they can afford, are they better off employing me, or two (or three) engineers with little experience? More and cheaper may be better, YMMV