Why are startups paying so much now?

Why are startups paying so much now?

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>$350,000 per year for a principle plus worthless equity
That's low

160+ hour workweeks, full-stack development + customer service + sales + courier + accounting tasks because your boss is the "idea guy," poojeets

>paying so much
>$350k
>SF

Show me that somewhere else and we'll talk.

They gamble on high-paying salaries funded by VC capital attracting top talent in the hopes that having the best employees will make them look good enough in the short term to get acquired so the founders can exit with a fat payout and go snort cocaine off a hooker's ass in Mexico. If they don't get acquired they go bankrupt.

They get 10 million from an idiot who wants to invest them whey they have a shitty product and sell it for 50 million. Just check Snapchat.

Hey whatever works more than what im doing with my life

I guarante you that 350k in San Francisco is worth more than your 60k wagecuck job in flyover land.

i'm not even senior and makes 300k+ already

I'm not knocking it, just saying what's happening. It makes sense because if you're looking to get acquired then you want lots of people with connections to companies that do acquisitions and those people are typically very expensive. It's only bad when it doesn't work but even then through the magic of chapter 7 bankruptcy nobody cares.

Why is everyone suddenly making 100k minimum when it was the dream just yesterday? When did 300k become a low salary and everyone is making 6 figure?
Is it a Californa bubble only or not, what the fuck is going on?

>Is it a Californa bubble only or not, what the fuck is going on?
pay is just catching up after decades of stagnation

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60k is entry level pay. You're a fucking moron to compare the two.

entry level pay is 200k in california now though

This.
You'd be better off living as a digital nomad in an Asian country than living in the literal shithole that is SF.

One year of working in SF and you save enough to live in an Asian country for the rest of your life.

Lies
Yeah and renting two cinderblocks and a carboard box on a SF ghetto is 20K$ per month, good luck with that. Atleast the AIDS and dog shit are included so you can rest easy knowing you won't live much AND will dine like a poojit.

Whatever is left by the end of the year is the amount you will have due in taxes. Leaves a good 100$ to save up for that """asian dream"""

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I'm sorry you can't perform elementary school math.

Or you could just work at your leisure while already living in an Asian country, working at your own pace sure as hell beats having nothing to do. You're going to run out of money eventually unless you live like the locals too, as in using shitty cars, having outdated tech and just generally living a boring life.

I was giving another example. Might have been better to make it clearer.

>thinking you ever run out of money

>mfw in the bay area and only making barely above 6 figures after working 2 years

I mean, I consider myself already kinda lucky considering how much you have to do to not have a life to be paid that much. Being paid that low sometimes sucks but having a 9-5 schedule that is regular is well worth the hassle, but I'll probably be moving on soon.

K then, show me your 1 million dollar SF "mansion" and I will tell you exactly why you are retarded.

That startup will run out of funds within 6 months.

Why would I buy a 1 million dollar SF "mansion" when I can buy a $10,000 house in Vietnam?

>I mean, I consider myself already kinda lucky considering how much you have to do to not have a life to be paid that much. Being paid that low sometimes sucks but having a 9-5 schedule that is regular is well worth the hassle, but I'll probably be moving on soon.
learn to leetcode

Then why are you shilling for Commiefornia? Or do you believe in something along the lines of "If I just work really hard in SF while saving my money, I will be able to take all of that cash and move away so long I don't buy a house/car". Let me remind you renting any random shithole in SF will fare you almost all of your income

It takes away 15% of my income. Try again.

You make 1.6 million per year? I'd rather believe the apple shills on phone threads.

No, I just don't spend 240k a year on rent.

Lol I'm in my first year out of uni making 125k and my rent in the bay area is only 1100$ a month and pretty nice. Lots of my friends live in very nice places in SF for 1.52.5k a month.

That's an exaggeration, my homie lives in SF, his 1 bedroom cuckplex cost $2500 a month and he was like half a mile from Uber HQ.

Entry level pay in the US is 40k unless you're in NYC or San Fran

Many engineers will never make it above L4. The overwhelming majority that make it to L5 / Senior will never make it to L6 / Staffy

So this 5+ yes exp really is meaningless. It's about being the best nerd in a pool of the best nerds on earth. Constantly delivering time and time again on complex, abstract problems. Look at Jeff Dean's bio and see what you're up against when it comes to promotion at GOOG

l6 is a dime a dozen now, there's serious grade inflation going on

Does that justify the horrible selection of women there is to date? No thanks.

Startups are just a pump and dump scheme run by investors.

that's with equity and thanks to a booming market. when the bubble pops those salaries will be more in line with reality

>san francisco bay area
your monthly rent for a shitty 40 square meter 1LDK will be 5000 dollars per month. and enjoy paying socialism tier taxes and getting infected by a new incurable virus every day just from breating SF air

Why don't SV companies just hire people from other parts of the states to work from home?
They can pay them 1/10th of the usual salary.

Because working from home never works out. I don't know why. It just doesn't, and companies that try it always end up going back to co-located teams.

>Jeff Dean
he joined Google when he was 31, fuck you on about nigger

>when the bubble pops
>says increasingly nervous poorfag for the 10th time this past decade

>work from home
if you ever worked from home you'd know you are slacking off 90% of the time

because most of that 350k is vested under a 5 year lockdown and by the time you can sell your stock, it's already over

Wow...I'm new to web development and doing a code camp, 60k would feel like a million to me, I can't imagine the quality of life at 100 and 300 is beyond what my mind can grasp as an income. What do people do with that money, just buy shit and houses?

google vests monthly though

in SF, that $300k goes VERY quickly.
They don't own a car, so they Uber everywhere.
Rent is 60k a year.
Cost of food is higher than anywhere else in the country (except Alaska)
You're still paying Federal income tax, but now you're paying State income tax, and City income tax.
There's a 6% state sales tax, 0.25% county sales tax, and a 2.25% city sales tax on everything you buy.

It's so bad that $100k is literally poverty according to the federal government.
If you only make $100k in SF, you qualify for federal assistance programs.

nigga there are only 168 hours in a week lmfao