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Join the YC Software Team

blog.samaltman.com

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Re: Join the YC Software Team

#6
post #3

How much do you guys pay?

That's a great question. One interesting bit on the job application page:

> We offer standard startup benefits, including equity in YC. As a member of YC, you'll also have opportunities to get to know a lot of the best people in the startup world.

But no mention of a salary. In this particular case I'll make an exception to the rule that you should value your stock at $0.

Re: Join the YC Software Team

#7
post #6
post #3

How much do you guys pay?

That's a great question. One interesting bit on the job application page: > We offer standard startup benefits, including equity in YC. As a member of YC, you'll also have opportunities to get to know a lot of the best people in the startup world. But no mention of a salary. In this particular case I'll make an exception to the rule that you should value your stock at $0.

Unless you're working for a public company and the shares have no strings or vesting schedule attached, the "value stock at $0" rule applies.

Re: Join the YC Software Team

#8
post #6
post #3

How much do you guys pay?

That's a great question. One interesting bit on the job application page: > We offer standard startup benefits, including equity in YC. As a member of YC, you'll also have opportunities to get to know a lot of the best people in the startup world. But no mention of a salary. In this particular case I'll make an exception to the rule that you should value your stock at $0.

Equity in YC seems like quite reasonable compensation..

Re: Join the YC Software Team

#9
I can't help but wonder.

They've been posting this job for several months in monthly "Who's hiring" thread (here's one from 227 days ago: https://news.ycombinator.com/item?id=12628215)

I can't imagine that they're hiring 100s of people.

I also assume that people do apply because it's YC.

And yet, the position goes unfilled for months.

Either they have extremely unrealistic standards (a dna-spliced cross-breed of Carmack and Torvalds with business acumen of Steve Jobs) or there's something extremely unappealing about this job (after all it does seem like building CRUD apps in rails; you get to rub shoulders with Greatness Of Other People but there's curious absence of "competitive salary", or any salary, in the job description).

Re: Join the YC Software Team

#10
post #6
post #3

How much do you guys pay?

That's a great question. One interesting bit on the job application page: > We offer standard startup benefits, including equity in YC. As a member of YC, you'll also have opportunities to get to know a lot of the best people in the startup world. But no mention of a salary. In this particular case I'll make an exception to the rule that you should value your stock at $0.

Why value it at other than $0? It's a private company and we have no idea what encumbrances there are on the shares.

Hell, I work for a publicly traded company and have an "ok" RSU grant for which I value the unvested shares at $0.

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