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Ask HN: How come YC startups offering <80k$/year?

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11–20 of 200 posts

Re: Ask HN: How come YC startups offering <80k$/year?

#11
> this salary wouldn't attract strong talent even in medium cost-of-living countries (like portugal/spain).

median salary for a developer in Spain is $30,000 a year[1], so 50-80k would easily place them in the upper 10% of the scale.

I think americans need to really reflect on how inflated american dev salaries are.

[1] https://www.payscale.com/research/ES/Job=Software_Developer/...

Re: Ask HN: How come YC startups offering <80k$/year?

#12
post #7

They're not paying $80k, they're paying $80k plus an equity lottery ticket that hopefully has a chance of being worth millions.

I almost never come across a startup I’d actually want a lottery ticket in.

The business models just seem naive or sometimes absurd.

Re: Ask HN: How come YC startups offering <80k$/year?

#15
> As far as I know, this salary wouldn't attract strong talent even in medium cost-of-living countries (like Portugal/Spain).

That’s a very typical salary range for developers in most parts of Europe. If your definition of “strong talent” means competing with top of market pay (FAANG etc) you’re right though.

Re: Ask HN: How come YC startups offering <80k$/year?

#16
Yikes. Those are (central) European numbers, but we get free insulin, free dentistry and free brain & heart surgery, several mandatory weeks of paid time off and months of notice period.

I guess the 100k or even 200k, or 300k starting meme finally died at a time of record inflation no less.

Re: Ask HN: How come YC startups offering <80k$/year?

#17

> this salary wouldn't attract strong talent even in medium cost-of-living countries (like portugal/spain). median salary for a developer in Spain is $30,000 a year[1], so 50-80k would easily place them in the upper 10% of the scale. I think americans need to really reflect on how inflated american dev salaries are. [1] https://www.payscale.com/research/ES/Job=Software_Developer/...

Those figures are wrong to be honest. Most senior folks in Spain don't work for Spanish companies in general; they work for EU companies that pay more. Plenty of senior folks in Spain making $100k+. In Barcelona, you can make north of $70K easy; even for non-senior devs.

I agree with OP. The salary is way too low for a senior European developer to consider because taking a US job means that there are no employment protections that you'd usually get; employment is at will for contractors.

Source: I live in the EU.

Re: Ask HN: How come YC startups offering <80k$/year?

#18
So these employees are giving them 100k-400k of venture capital in the form of discounted labor.

But they get nowhere near the respect an investor of that amount would get. Asking to sign onerous ndas. Doing fizz buzz on a whiteboard. Etc.

One time I refused to sign an nda for an interview and the founder basically blew a gasket. Spent half the interview talking about how bad it was I wouldn’t sign it.

Re: Ask HN: How come YC startups offering <80k$/year?

#19
post #4

> Do they offer something else which is unusually attractive? You can literally read the job description. Answer:no. Source: I've read the descriptions. > Intrigued to learn more. They are just companies. They either don't have money, or have money and want to lowball (it's good time to lowball).

> it's good time to lowball There's lowballing, and then there's insulting.

Insulting is relative and depends on where you live.

There’s senior engineers all over the world willing to work for a stable wage of $50k USD.

- Brazil

- Ukraine

- Pakistan

- India

- Mexico

Re: Ask HN: How come YC startups offering <80k$/year?

#20
post #12
post #7

They're not paying $80k, they're paying $80k plus an equity lottery ticket that hopefully has a chance of being worth millions.

I almost never come across a startup I’d actually want a lottery ticket in. The business models just seem naive or sometimes absurd.

Indeed, and guess this works as a secondary filter. They don't want people who don't truly believe in the company to apply. At an early stage start-up you want people that are passionate/naive/delusional enough to want to work lots of unpaid overtime.
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