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It was even less money when I joined. You're also leaving out stock, which absolutely makes sense to value at $0 at this early stage of the company, but there is more upside potential as well.

No regrets on taking a pay cut, personally. It is true that I could make a larger salary elsewhere; I also would not be working on this product with this team.

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After reading the policy when the blog post came out, I think one negative thing about it is that it can self select for people generally later in their career or with a much bigger safety net. When you have a 10-20+ tech career and the money saved up, like the founders and many of the early employees, it can be much easier to say that’s enough to cover expenses. I have nothing against it as a policy and I think there are definitely benefits to it. I just think that the biases aren’t clearly talked about either.

> self select for people generally later in their career or with a much bigger safety net

They're still basically a startup / pre-stable revenue, and most folks at startups are not risk-averse. So I'm not sure this bias really affects them at this stage of the company; even if they didn't have this hiring policy the people who want to work at startups have the same characteristics.

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