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by throw0101a 974 days ago
> This really is one of these things where every employee in a cheap cost of living area will say "Exactly, man!" and people in an expensive area will see it differently because it might cap them lower than what they could get.

Well the co-founders live in the Silicon Valley area, with their physical HQ being in Emeryville:

* https://en.wikipedia.org/wiki/Emeryville,_California

2 comments

If you owned a home in the Bay Area prior to 2020 and refinanced down to a sub 3% mortgage 200k is plenty. If you’re trying to buy now on that salary it will be challenging.
Early stage VC-backed startup compensation is very different from later stage companies or bootstrapped companies. It's very common for founders or early employees to receive a lower salary and receive equity instead.
Holding paper-gains equity doesn't provide monthly cashflow to buy groceries. :)
I'm sure 200k will cover that, even in the SV.
I got some bad news for you.
The Bay Area is expensive, but it's not THAT expensive.
If you've got a family to support and you need to rent or try to own a home you're going to have a tough time with 200k.