4 ms·
Wait $100k salary with 6% equity at max sounds not bad at all if you believe in their idea. Although I highly doubt they're a once in a decade opportunity that
by littletimmy 12y ago
Wait $100k salary with 6% equity at max sounds not bad at all if you believe in their idea. Although I highly doubt they're a once in a decade opportunity that will be changing the world in a better way.
- nhstanley 12y ago$100k in SF is laughable (for that kind of commitment). If you're not offering $200k minimum, it's not even worth 60 seconds of consideration. Unless you really really believe in that 6%. But man you really shouldn't. Edit: To back this up a little more: To buy a median house in SF you need to make ~$142k. http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/08/map-the-salary-you-need-to-buy-a-home-in-27-u-s-cities http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/08/m... The 95th percentile in income is WAY higher in SF than anywhere else, and so is the cost of living. https://twitter.com/conradhackett/status/578004292151341056 https://twitter.com/conradhackett/status/578004292151341056 My opinion is that if you're not clearly putting me in a comfortable position financially, why would I ever make such a sacrifice?
- littletimmy 12y agoReally? I'm not in San Francisco so perhaps I'm mistaken. How much is the market rate for a good developer with a few years experience?
- sp332 12y agoI guess it depends how much you value the equity.
- VanillaCafe 12y agoI'm a San Franciscan. $100k is indeed low, but $200k is an exaggeration.
- Iftheshoefits 12y agoIf it's an exaggeration then this industry's labor pool is in even worse shape than I suspected. To put this in context: I'd consider myself average, maybe slightly above in some contexts, below in (many more) others, and my current salary (full-time, all-in) is closer to $200k than $150k. The majority (about 80%) of that is base salary, not "bonus", stocks/options, or benefits. If I can get a ("senior developer" level, not management) job with that compensation, the people in this valley who are much better than me (and that would be most, or at least many, many others) ought to be able to command significantly more.
- apta 12y agoAre you based in the Bay Area? Do you work at a large company (Google, Apple, MS)?
- Iftheshoefits 12y agoYes to the first, no to the second (I would almost certainly not qualify for the ones you listed--not for lack of talent, as I forgot more math by the time I took my PhD qualifying exams than most CS graduates ever learn, but for other reasons). It is my second job in this area, and I'm a bit (~15%) better compensated this time than last.
- apta 12y agoStart up then? :)
- ufmace 12y agoI'm not sure how you're expected to value equity - most of the stuff I find online recommends valuing it at basically zero - or what the market is like in San Fran, but where I live, you can do quite a bit better than $100k and still have work-life balance. So the only real compensation they're selling is the dubious honor of working for yet another startup that thinks it will change the world.
- falcolas 12y ago$100k for 60+ hour work weeks in San Francisco does not as that great an opportunity. And $100k is the top of the salary range.
- s54b32dd 12y agoAssuming 50 weeks worked per year (giving you 2 weeks of vacation/holidays), that's only $100000/(60x50) = $33.33/hr. If you have the type of resume they're looking for and aren't asking ~$50/hr, you're either not very good, or more likely selling yourself short.