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Don't accept ridiculous paycaps. They're stupid. A couple very well known startups cap their employee pay at $120k. One I know of hasn't paid raises for years.

That is startling. Is this a popular thing in the Valley?

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I worked at a startup in NYC that had a $200K pay cap. It applied to everyone, including executives. However, I believe they abandoned the policy because it made it too hard to hire.

I handle a lot of salary stuff for big tech startups and have literally never seen or heard of this happening beyond this story. But yeah, it is pretty alarming...

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