However there's one other area where startups have failed to evolve, doing a worse job than big companies actually and that's accepting remote employees.
Big companies have been doing better because at the very least they are opening offices in multiple countries, whereas most of the startups I'm seeing are staying in the technological centers, a majority being in Silicon Valley and hiring locally. Which is nuts.
For somebody living outside of San Francisco's bubble or other expensive and overrated cities like New York or London, 150K is actually better than 400K. In many of Europe's cities, minus the expensive ones (e.g. Zurich, London, Paris), you can have a great life with 150K.
It doesn't happen though. And for the very few startups I've seen accepting remote employees, many times they are hired as contractors, without any perks or stock options and an extreme expectation for low hourly rates.
Well, you know what they say, most startups die and this is one reason why.