I'm always fascinated by compensation conversations on HN, because they seem to come from a place of... very high expectations. Don't know how to say that without sounding snarky, that's not my intent.
Curious.
If they don’t make high six/low seven figures, who will? Bankers? Lawyers!?
Employees and contractors, and founders contingent on equity. Also some who don't agree that founder salaries funded by investment should be modest.
I know this because I hired many people last year and some were entry level.
Region doesn't matter to me, the floor of cost of living never truly goes that low.
Sector? I build and deploy web or mobile apps, and I do as many parts of that as my team doesn't.
Experience is 10 years, including with Senior and Engineering Manager titles.
Besides the fact that I can make more than $130k by walking in the door across the market, I also believe I could generate a MRR that would return after-expenses revenue higher than that with a new business within 1 year. So I also don't see why I would take a moonshot on a poor salary, when I can aim lower, still have big upside, and avoid VCs stepping all over me
Come again?
Now, mind you, I'm not saying it would only be the product, I would also be willing to be a consultant (trading the singular VC for multiple, not-quite-fungible-but-closer-to customers), but making only $130k for your soul and a lotto ticket does not sound like an appealing deal.
You can see housing prices for whatever areas people are talking about and how much the monthly mortgage comes out to be to get baseline on cost of living.