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I don’t know of many tech startups that want to hire average developers for their core team.

The average is low, yes, but there are also well paid roles that the kind of person a startup in SV would want are probably already doing.

Anecdotally, I’ve been offered jobs paying 80-100k€ based off Barcelona as I’ve been dreaming of coming back to Spain (I didn’t, sadly, as even though they were good local salaries they were a lot lower than what I made)