img

Paying higher / lower in Indian Startup scene

I'm starting a new company and am assembling a team, in all my previous startups had like 7 people working but now everyone is settled and few have retired coz made too much from the exits so back to assembling a new team :p As in all my previous startups I paid an average of 40Lpa an 2-3% ESOPs to all the early team they made insane wealth. But now I'm thinking of going lower and meet the realities of the market rather than paying higher why not paying the market rate? I have been taking multiple interviews and experienced this people consider higher salaries to be a lie they want to earn dirt-cheap salaries and don't trust themselves with what they deserve and in the end ended up mocking me. One of the senior people that I interviewed thought 3lakhs per month was very high no-one pays that much. Same goes for an intern who I decided to pay 1lakh per month thought it's not possible and ghosted me thinking I'm scamming him ( his job was to meet high profile people make connection with different founders by going to parties and events regularly )! My new startup is not in crypto but in something unique! What do you'll think should I pay people less as that's what they think they deserve?

img

Elon_Musk

X.com

a year ago

img

Gambler1

Crypto

a year ago

img

Paaji

Stealth

a year ago

img

Gambler1

Crypto

a year ago

img

Watsay49

Stealth

a year ago

img

Gambler1

Crypto

a year ago

img

roct

Accenture

a year ago

img

Gambler1

Crypto

a year ago

img

roct

Accenture

a year ago

See more comments
img

Mukeshambani

Student

a year ago

img

Gambler1

Crypto

a year ago

img

Mukeshambani

Student

a year ago

See more comments
img

Chiller

Stealth

a year ago

img

Gambler1

Crypto

a year ago

img

TownhallsRShitzz

Swiggy

a year ago

img

Gambler1

Crypto

a year ago

img

K_os

Unemployed

a year ago

img

Gambler1

Crypto

a year ago

img

Frequency9379

Self Employed

a year ago

img

Gambler1

Crypto

a year ago

Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Software Engineers on

by BearBear

Stealth

Pay disparity in my startup.

I'm working as a Frontend developer (SDE-1) with 1.5yoe, I joined this startup 4 months back. Earlier I was getting paid 9lpa and later I was offered 12lpa without even asking for my previous compensation. I accepted because my earlier organisation was very toxic. Now coming to the point, I came to know that for the same level and same role they're paying 16+lpa. And this is making me mad at them. Within 3 months I'm handling 1 of their 2 products (customer facing) all alone. And I'm doing great work tbh (not boasting) but if they have 10 major features. I have developed 4 of them all alone, solved really critical down time bugs and improved the product. Now I own this product and if any bugs come, I'm the person who's assigned the work. I want to have a chat with the Founder but I'm not sure what to say and he's a guy who will try to save the money at all costs. I'm really mad at this point of time and I'm planning to leave in a few months. If I have a chat with him and he says something harsh, I will resign then and there I'm triggered to this level. And there was no kind of appreciation from them, I'm taking most tickets during the sprints and delivering quality code, communicating well and thinking in terms of product, if there is anything which can be improved I ask from them. How do I have a chat with him and what do I say? Current CTC - 12lpa Expected CTC - 16 - 20lpa YOE- 1.5 (planning to have the call around 3-4 months later), so I will be almost 2 yoe by then.