New ask Hacker News story: Ask HN: Why are startups all offering 140k base?
Ask HN: Why are startups all offering 140k base?
6 by confusedapp | 0 comments on Hacker News.
I worked for a startup that recently shutdown. I am interviewing for a new job and the offers are are starting to come in. Bizarrely, each startup is making the exact same initial offer of 140k base. The startups all different sizes, from 10-100 person companies. The roles are each different ex: frontend dev, fullstack dev, backend dev, or ML data infrastructure. How can I possibly be worth the exactly same amount across each of my different skills to different business models in different niches? Is there some though leader going around in the startup space that is pushing a "140k should be enough for anyone" story? I made 196k base previously (traded equity for more salary), and they were happy to have me. Am I just blowing the interviews and these offers are the bottom of the barrel grunt work? I mean 140k and maybe 30k worth of options (at latest 409a valuation) vesting over 4 years is a sharp new grad territory. When I ask companies how they calculated their offer, they all say the role "should be thought of as equivalent to an L4 at Google". That is obviously bullshit because I hear Google L4 total compensation is in range 250-350, not 147.5.
6 by confusedapp | 0 comments on Hacker News.
I worked for a startup that recently shutdown. I am interviewing for a new job and the offers are are starting to come in. Bizarrely, each startup is making the exact same initial offer of 140k base. The startups all different sizes, from 10-100 person companies. The roles are each different ex: frontend dev, fullstack dev, backend dev, or ML data infrastructure. How can I possibly be worth the exactly same amount across each of my different skills to different business models in different niches? Is there some though leader going around in the startup space that is pushing a "140k should be enough for anyone" story? I made 196k base previously (traded equity for more salary), and they were happy to have me. Am I just blowing the interviews and these offers are the bottom of the barrel grunt work? I mean 140k and maybe 30k worth of options (at latest 409a valuation) vesting over 4 years is a sharp new grad territory. When I ask companies how they calculated their offer, they all say the role "should be thought of as equivalent to an L4 at Google". That is obviously bullshit because I hear Google L4 total compensation is in range 250-350, not 147.5.
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