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there are couple misconceptions here 99% of startups don't solve hard problems (it seem hard to them because they are inexperienced and excited but in all real
by cunac 12y ago
there are couple misconceptions here
99% of startups don't solve hard problems (it seem hard to them because they are inexperienced and excited but in all reality not so challenging ) , that doesn't mean they don't have good business idea but technical aspect is mostly easy , challenges usually come with scale which happens later
financial upside for 0.2% equity end 100Mil exit is --> 200000 at best and that is not much so where is that upside for somebody taking 80K instead 140k over 4 years ? Not to mention that probability of that happening is low to start with
in small startup it would be essential to have extremely qualified people , excitement should be secondary
I do what I do because I love it but that doesn't mean I have to do that for free or cheap so correlation between asking for fair price and not being excited (passionate) about what you do is mostly not there
I worked in couple of startups (last one had exit 500Mil) but I was paid market rate and that is mostly a reason why they succeeded (got high quality people knowing exactly what they are doing)
- artemk 12y agoThis conversation is about early stage start ups. That's pre-series A. Post-series-A salaries do go back to market rate. If the start up you worked at was sold for 500Mil while on a seed round - that's amazing! ...but I doubt it. Did you join before Series A? For how many years did the start up exist before you joined? And how many years did it exist before it was sold?
- cunac 12y agoshortly after A financing , existed 2 years , and 3 years after was exit , I don't know what were salaries before , but it was < 30 people when I joined anyhow it is just a datapoint and most likely outlier