I am actively looking to hire - either freelance or full-time - an engineer to write open source golang code for my YC startup. However, I literally cannot afford FAANG salaries at my stage. It would literally bring my runway from n to n/5 years. And many candidates are asking for 400k+ salaries. I’d love to hire someone who knows what they’re doing but I’m just not able to find people who are both qualified and inte…
> And many candidates are asking for 400k+ salaries. I don’t understand this. Yes, for some engineers, in some roles, in some locations it makes sense - but that’s a tiny part of the overall market. I’m 40, live in a rural area in a Southern US state, and have right at twenty years’ experience. I’ve worked a big companies, have been the first tech hire at a startup, and have specialized somewhat in healthtech. I feel…
Once you make $200k base and $200k+ in equity, you consider yourself worth $400k+. Even if the equity portion isn't really being paid by your company, it's being paid by the shareholders, it's still money in the bank.
This drastically closes the amount of positions you're willing to consider, as many companies either don't pay in equity at all, or aren't growth companies whose initial offer of equity will double or triple.