The Bay Area is expensive, but I assure you that many families with kids live on less than $207,264.

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.)