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Interesting perspective from the comments here. $1.5M per cofounder over 3 years puts them at $500k/year. Pays more than most jobs I can think of. And you can
by guynamedloren 14y ago
Interesting perspective from the comments here.
$1.5M per cofounder over 3 years puts them at $500k/year. Pays more than most jobs I can think of. And you can certainly do a lot with $1.5M in the bank (no mega mansion in SV, but endless traveling, comfort, etc). All relative, I guess. Us Hacker News folk have a skewed vision on the world :)
- rorrr 14y agoYou can't compare a rare successful startup exit to a regular salary. You could, but you need to multiply both by the risk factor. $1.5M is quite low, in my opinion. Not even close enough to retire in the US.
- guynamedloren 14y agoWho said anything about retiring? These people are 30 years old. I don't think the avg 30 year old has $1.5M cash in the bank (and a comfy position at a tech company). All I'm saying is that it's very respectable.
- rorrr 14y agoIt's slightly more respectable than someone winning a lottery. For every success story like that there are hundreds of developers who didn't take regular jobs and ended up in debt and bankruptcy.