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"$175K is not a salary that leaves much on the table, especially not when you live in the expensive area around Sandhill Road." Is he serious? I'll bet money g

"$175K is not a salary that leaves much on the table, especially not when you live in the expensive area around Sandhill Road." Is he serious? I'll bet money gets really tight when you factor in the silver cutlery, butler, and other essentials.

rjurney 17y ago
Yes, but I believe he is talking about a 'they made me move to Sand Hill Rd to be near them when they invested' scenario, where $175K is worth less than half that for the rest of that nation, owing to exorbitant cost of living there.
- erlanger 17y ago
  Being that specific about where you live is ridiculous. I can see them demanding that you live in the Bay Area, or in a particular city, but the only thing I can see VCs having any say on beyond that would be the office location.
  - rjurney 17y ago
    If you're moving cross-country to be near your VC, I just assume you would need to be very near the office? The one case I know of, it was that way.
    - erlanger 17y ago
      I mean, one thing they're investing in is the company being well managed and communicative. It's up to the CEO and co. to make it happen, and there's a level of trust there.
krschultz 17y ago
note he says "support family", it is easy to be a bachelor on a lot less but 175k if you want to do any kind of saving for retirement, saving for your kids education, and paying for healthcare is not much. So if you want to look your kids in the eyes and say "hey I'm gambling on something for my own personal fulfillment rather than giving you the opportunities that I could easily if I had kept my old job" then go right ahead but its difficult for others to do. Thats why I want to my whole risky-taking entrepreneurship thing BEFORE having kids so you don't run into that quandary.
- erlanger 17y ago
  If you can't support a family on $175k, you're doing it wrong.
  - comatose_kid 17y ago
    You seem pretty sure of yourself, and some differing data points would be nice to hear. Are you raising a family in the Bay Area?
    - deleted 17y ago
      [deleted]
    - catch23 17y ago
      There are quite a few poor families making a living in the Bay Area that happen to have other mouths to feed too. If you want more data points, come visit my neighbors and ask them how they do it. The cost of living here is not as bad as you might think.
      - comatose_kid 17y ago
        I probably should have been more clear - are there areas in the bay area with good schools, and homes that require significantly less earnings than 175k per year (say, 125k?) And I'd like to not spend 2 hrs commuting, because spending time with my children would be nice. In my experience, you have to pay a lot more here to get the same quality of life that you could find elsewhere. I live in the Bay area, and am raising a family here. It is expensive - 175K/yr would probably buy you the same standard of living as 80k/yr would in Ottawa, Canada, where I grew up.
        deleted 17y ago
        [deleted]
        erlanger 17y ago
        1> % Assuming both parents work 1> 125000 / 2 == 62500. true

rjurney 17y ago

Yes, but I believe he is talking about a 'they made me move to Sand Hill Rd to be near them when they invested' scenario, where $175K is worth less than half that for the rest of that nation, owing to exorbitant cost of living there.

erlanger 17y ago
Being that specific about where you live is ridiculous. I can see them demanding that you live in the Bay Area, or in a particular city, but the only thing I can see VCs having any say on beyond that would be the office location.
- rjurney 17y ago
  If you're moving cross-country to be near your VC, I just assume you would need to be very near the office? The one case I know of, it was that way.
  - erlanger 17y ago
    I mean, one thing they're investing in is the company being well managed and communicative. It's up to the CEO and co. to make it happen, and there's a level of trust there.

krschultz 17y ago

note he says "support family", it is easy to be a bachelor on a lot less but 175k if you want to do any kind of saving for retirement, saving for your kids education, and paying for healthcare is not much. So if you want to look your kids in the eyes and say "hey I'm gambling on something for my own personal fulfillment rather than giving you the opportunities that I could easily if I had kept my old job" then go right ahead but its difficult for others to do. Thats why I want to my whole risky-taking entrepreneurship thing BEFORE having kids so you don't run into that quandary.

erlanger 17y ago
If you can't support a family on $175k, you're doing it wrong.
- comatose_kid 17y ago
  You seem pretty sure of yourself, and some differing data points would be nice to hear. Are you raising a family in the Bay Area?
  - deleted 17y ago
    [deleted]
  - catch23 17y ago
    There are quite a few poor families making a living in the Bay Area that happen to have other mouths to feed too. If you want more data points, come visit my neighbors and ask them how they do it. The cost of living here is not as bad as you might think.
    - comatose_kid 17y ago
      I probably should have been more clear - are there areas in the bay area with good schools, and homes that require significantly less earnings than 175k per year (say, 125k?) And I'd like to not spend 2 hrs commuting, because spending time with my children would be nice. In my experience, you have to pay a lot more here to get the same quality of life that you could find elsewhere. I live in the Bay area, and am raising a family here. It is expensive - 175K/yr would probably buy you the same standard of living as 80k/yr would in Ottawa, Canada, where I grew up.
      - deleted 17y ago
        [deleted]
      - erlanger 17y ago
        1> % Assuming both parents work 1> 125000 / 2 == 62500. true