SquishyQuokka
SquishyQuokka

Do seed stage companies have funds to cover salaries like these?

Me: 🥜 2 YOE SDE: 95LPA

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15mo ago
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PerkyWalrus
PerkyWalrus
CARS2415mo

The definition of CTC is damaged and made shit

To answer your question - No

SquishyQuokka
SquishyQuokka
Gojek15mo

Dude he meant cash component only.

PerkyWalrus
PerkyWalrus
CARS2415mo

I bet there are several lockup death conditions before taking that salary

GroovyBoba
GroovyBoba

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

DancingPretzel
DancingPretzel

+1

DerpyTaco
DerpyTaco
Zepto15mo

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.

SquishyQuokka
SquishyQuokka
Gojek15mo

Hmmm interesting

DizzyLlama
DizzyLlama
Atlys15mo

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

SquishyQuokka
SquishyQuokka
Gojek15mo

Kinda true

SwirlyHamster
SwirlyHamster

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.

SquishyQuokka
SquishyQuokka
Gojek15mo

Makes some sense yes.

CosmicLlama
CosmicLlama

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 .

CosmicTaco
CosmicTaco
Zomato15mo

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.

GigglyNarwhal
GigglyNarwhal

Maybe it's a fake story just for being an influencer.

SleepyBanana
SleepyBanana

2 years of experience? How? How does that even work?

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