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So 5 years in and you are still not at/near market rates, are they solely bootstrapped? To answer your question, profitability plays in regardless of whether they raised money or not, but it weighs far heavier when a company is bootstrapped. Even then though, smart founders will work to take care of their staff so their staff take care of the clients. If they are backed and raised a Series A or further then there is no excuse for not, at least, being very close to market. Just my 2 cents on profitability too, a company cannot claim to be profitable until the staff is paid competitively and founders are taking a reasonable salary for their role and size of firm. Otherwise the company is not really profitable. As for staying or leaving, my bet is they will keep making promises but unless you see behavior differences or a light at the end of the tunnel, then it may be time to move on regardless. One other point, if the company has been taking care of you in other ways like vacations, small bonuses when possible, full health care, and other perks/benefits, then I'd likely feel better for a longer period of time, especially if they were open and recognize that they are underpaying, but it wouldn't last forever. |