Do seed stage companies have funds to cover salaries like these?
Me: 🥜 2 YOE SDE: 95LPA
The definition of CTC is damaged and made shit
To answer your question - No
VCs should look more closely into the companies they invest in. I would be furious to know all that money is being wasted to hire 2yr exp guys at 90+ cash component🤦‍♂️. That's worse than spending it on cocaine
StingyMob
Stealth
6 months ago
+1
Indian seed stage cannot really afford this salary. They generally struggle to even match salaries of unicorns etc.
But if the person is getting international remote offers, this could be true
2 yrs of work-ex and those numbers. No correlation at all. Even if you're some genius from Tier 1 under grads. People like these get laid off first and then become jobless later on. They will then join some start-up at a paycut.
60 LPA would be I guess 25 base 5 jb + retention and other stock vested 4 year
Comp 2 would prolly be in dollars so that’s why it’s so high ig.
Definitely a remote job mostly gets paid in USD or AED.
I'll also try for one once I finish my 2 YoE this October.
Qwerty2398
Stealth
6 months ago
In psychology there is a term called "house money syndrome ". When the startup have to pay salaries from their hard earned Money they won't be this charitable. Since this is almost free money from investors, they are really big hearted.
Those esops aren't worth shit .
HelloCTO
Stealth
6 months ago
2 years of experience? How? How does that even work?