You can't choose one outlier that is already PROVEN and use that as an example of a typical startup, which is what the GP posted about.
That's like someone saying the lottery is a bad investment, and you telling them to go ask the latest Powerball winner if they thought it was a bad investment.
The truth is that the MAJORITY of startups under-compensate. That's why so many are desperate for talent.
If they don't have the money to pay for the talent they need, they need to raise the money; and if the CEO can't raise the money, what does that say about the company's prospects? You live or die based on the quality of people working on the problem.
Startups can't realistically expect to attract top-flight talent paying what the average Yahoo! developer makes.
I read about how it takes 6 months or a year for some of these Internet start-ups to find someone for an IMPORTANT position, and the question is, how can you ever make it BIG when you need to move in Internet time but you're hiring in geological time? Asked and answered: They don't.
Here's the key line from Jeff Bezos's original 1994 Amazon job posting:
Hey, your selection bias is showing.
You can't choose one outlier that is already PROVEN and use that as an example of a typical startup, which is what the GP posted about.
That's like someone saying the lottery is a bad investment, and you telling them to go ask the latest Powerball winner if they thought it was a bad investment.
The truth is that the MAJORITY of startups under-compensate. That's why so many are desperate for talent.
If they don't have the money to pay for the talent they need, they need to raise the money; and if the CEO can't raise the money, what does that say about the company's prospects? You live or die based on the quality of people working on the problem.
Startups can't realistically expect to attract top-flight talent paying what the average Yahoo! developer makes.
I read about how it takes 6 months or a year for some of these Internet start-ups to find someone for an IMPORTANT position, and the question is, how can you ever make it BIG when you need to move in Internet time but you're hiring in geological time? Asked and answered: They don't.
Here's the key line from Jeff Bezos's original 1994 Amazon job posting:
"Well-capitalized start-up seeks" ...