Big Tech Company Salaries Are Hurting Startups
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Big Tech Company Salaries Are Hurting Startups
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Re: Big Tech Company Salaries Are Hurting Startups
#2Well, Hacker News seems to be hurting this website, so here's Google's cached version: https://webcache.googleusercontent.com/search?q=cache:RD5ZRW...
Re: Big Tech Company Salaries Are Hurting Startups
#3Why doesn't the article explore starting up in different geographies?
Also, the most interesting questions are:
* How much of the pool are employed by those companies?
* How does the largest segment of employers pay? What percentage of top talent do they employee.
I'd bet there is a larger percentage of top talent at top talent at other companies. Many, many people don't want to work at mega companies. Also, many, many people, particularly the best, are motivated, like startups, by challenge themselves, working on something important to them using tools they enjoy, people they enjoy working with and most importantly external factors and how work relates to their own life.
Re: Big Tech Company Salaries Are Hurting Startups
#4Then hire remote? Don't found in SV? This article makes it seem like startups want something valuable for a cheap price, which is unlikely.
Re: Big Tech Company Salaries Are Hurting Startups
#5Sounds like the market is telling startups that early engineers are worth more than 0.1% of stock options.
Re: Big Tech Company Salaries Are Hurting Startups
#6Absolutely 100% spot on. We don't even interview Googlers anymore for this very reason. They literally think a "pay cut" means 300k+.
Re: Big Tech Company Salaries Are Hurting Startups
#7If you are a startup and are trying to compete head to head with Google / FB / Amazon / Apple / Microsoft for the same people, you are going to have a really hard time recruiting.
But there are plenty of great engineers that don't want to work at those companies for various reasons. There are plenty of great engineers that want to work remotely and don't have that option at the large companies. There are also plenty of inexperienced engineers with high potential that can't yet get hired at those companies and can be great additions to your startup. Do what you can to find and recruit those people.
Re: Big Tech Company Salaries Are Hurting Startups
#8I don't think the average engineer with 5 years of experience makes 250k; not even in the top 10%. And startups DO pay that much, it's just reserved for powerful exec hires.
Just pay more if you want the best engineers. Asking for a world where top talent works for less money is stupid.
Re: Big Tech Company Salaries Are Hurting Startups
#9It's about location. Google salaries in Boulder, CO are not that high.
Re: Big Tech Company Salaries Are Hurting Startups
#10The article assumes that most of the engineers at that experience level are hired by Gooogle/Facebook etc, but it is simply not the case. The acceptance rates are quite low and there are plenty of 5-10 year experienced engineers who would be willing to work for startups at $130k.