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> It seems highly improbable that cash-based Wall Street compensation packages could be offered by Silicon Valley startups. Maybe this would force VC companies
by mgkimsal 12y ago
> It seems highly improbable that cash-based Wall Street compensation packages could be offered by Silicon Valley startups.
Maybe this would force VC companies to be more selective in who they fund, vs "fund 100 and hope for 1 to be the next google".
- hawkice 12y agoA first approximation would suggest doubling programming salaries would only change their strategies from "fund 100 and hope for 1 to be good" to "fund 50 and hope for 1 to be good". More selective, sure, but not game-changingly so.
- ahomescu1 12y agoNot sure that would be an improvement. If funding gets tighter and more selective, their selection criteria might become pedigree and connections instead of who has the better idea and team.
- tsax 12y agoThe very reason they fund 100 and hope for 1 is that all the analysis and data in the world have not helped narrow likely success criteria beyond 'fund the team.' What's stopping you from starting a VC fund that's REALLY CAREFUL with investments?