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Shouldn't high costs be a deterrent to startups? How can a startup be "lean" if its employees need to pay most of their salary in rent?
by ethikal 13y ago
Shouldn't high costs be a deterrent to startups? How can a startup be "lean" if its employees need to pay most of their salary in rent?
- doktrin 13y agoWell that's the employees decision. Rent is high just about everywhere from Oakland to San Jose. When taking into account transportation costs, paying a premium to be in San Francisco is often worth it from a cultural standpoint. I can't really speak to Oakland, but after having worked on the Peninsula I would unequivocally not want to live there.
- ttrreeww 13y agoIn a gold rush, the miner (employee) don't make the big bucks. It's the miner support (landlord, investor, founders) that make the huge bucks.
- dasil003 13y agoDepends on if there is any actual gold. Whoever strikes the mother lode makes many orders of magnitude more than the suppliers (eg. Facebook).