The other aspect that I didn't buy too much was the original blog entry claims the salary is enough since the founders themselves have kids and are living in San Francisco.
They are coming from a point of economic safety from prior successful ventures and maybe are on multiple boards with other income streams.
Anyways. I like the intent so I won't be too critical.
That said, everyone has their own personal requirements, and startups aren't for everyone. Around a quarter of the company, last I checked, lives in the Bay area, so while we obviously miss out on some good people who want more money, we haven't had an issue with finding enough people who are happy with the compensation.
(I myself took a pay cut to join Oxide, but I live in Austin, which isn't cheap but also isn't as expensive.)
Total tangent: 2024 Jujutsu was my favorite tool to learn and your posts helped me learn it. Thank you.
> the [SF metro] area’s median household income [was] roughly $120,000 [in 2022]
That, being the median, includes a lot of folks who make less.
> Total tangent:
Awesome, so glad to hear it! You're welcome. I wish I could find more time to continue writing V2...
I'd also say that you're presuming a lot about the lifestyle of some strangers on the internet.
Don't get me wrong. Rethinking comp is great and they are paying well. But you can't make the argument that X is enough for founders (plus let's forget equity!!) and so X is generous for everyone.