in 2021, working at a well-funded startup made you elite, it was a flex now, working at a startup has lower prestige than working at Infosys, Cisco, Oracle, Walmart etc. it's a hard pill to swallow, but the market is shifting. startups are officially 💩 tier TC 300
Prestige don’t pay bills…
neither do startups though in this climate. monopoly money isn't accepted for rent
If you aren't getting cash salary from a start up, that's a bad move on your part.
I’m still getting base salary offers in $170k-$200k range. So I think there are still decent opportunities in start ups. We’ll see how layoffs impact this this year but despite layoffs jobs reports are still strong.
$200k is not a good salary in Bay Area…
Agreed. I’m not currently in the bay. And most offers I’ve received have included salary adjustments depending on location.
Who gives af about prestige. What a weird motivation.
Disagree. Infosys and Walmart have zero prestige. No name startup is better
Why walmart?
Perhaps some startups are pretty bad, but you are overgeneralizing
I would be embarrassed if I told people I work at those companies. You think high growth companies would want to hire people who only know ancient tech stacks? Such short sightedness.
This guy and OP both are idiots but in different ends of the spectrum.
Working at a "start up" never made you elite unless it is high growth unicorn and you joined early.
prestige stays same, take home money stays same, paper money part is 50% down, so overall TC is 25% down
OCI maybe, others pay less than good startups pay in base.
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in a while actually
True!