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So by giving them a $10k carrot they can basically lock them in to the company because it would be much more difficult to interview for competitors or even start startups. That's pretty genius.
Lock in has probably less to do with this than pure money aspect.
Move to Washington State. Don't pay California income tax. Instant 8% boost to your take-home pay.
But I don't want to work for Amazon or Microsoft or at Google's satellite office.
Heck, those 3 aren't even the only big tech companies in Seattle, there's Apple, Facebook, Oracle, Twitter, etc. etc. let alone all the other smaller ones. There's more tech companies here than you can shake a stick at.
Move to Washington State. Don't pay California income tax. Instant 8% boost to your take-home pay.
But I don't want to work for Amazon or Microsoft or at Google's satellite office.
If you're a new grad, however, expect to be out of work for a bit.
Earlier quoted context omitted.
Denver is even better—competitive wages w/ washington & lower cost of living.
There's a fire-hose of Californians directed at CO. In a decade or two they will have recreated the place they left.
So by giving them a $10k carrot they can basically lock them in to the company because it would be much more difficult to interview for competitors or even start startups. That's pretty genius.
The reason is probably super inflated salaries in bay area due to high cost of living. Lock in has probably less to do with this than pure money aspect.
"was if you're in the Bay Area and you take a job with Zapier we'll pay $10,000 to help you relocate to anywhere, or as we call it, de-locate." ..so this is just a one time re-location "bonus"? I think many large companies "pay you" something close to this amount to re-locate to the bay area. This really doesn't help that much. What would be better is to pay bay area salaries/rates in another part of the country that…
$10k is usually the signing bonus I get for just changing companies. Is this in addition to the signing bonus?
Earlier quoted context omitted.
> And the concentration of tech talent means that it's always easy to find a new job, or even to start your own company. I've never been there, but I see this echoed a lot. Is it actually true? I'm interested in both, but I'm wary of the exaggeration that may be "it's easy".
Starting a company is always unbelievably difficult, but the Bay Area's density makes things a little easier. I used to live in an apartment on 55 9th St, San Francisco. The guy in the apartment across the hall also started a company at the same time as me. He introduced me to other founder friends in the apartment building. The lobby has a coffee shop where I've made other founder, angel, and VC friends. And I haven…
Three people I know have made (very early, very tentative) investment offers. A former VPE has offered to be an advisor, and has introduced me to a really good salesperson.
That sort of thing is really limited to places where people understand saas businesses, have the appropriate risk appetite, and have previously earned enough disposable cash to take real risks.
Another aspect is simply institutionalizing the idea that starting a business may not be stupid. This helps when you're trying to talk SOs onboard into taking huge pay cuts.