How startups can lure good talentfairly without big tech bank accounts | TechCrunch
News Source : TechCrunch
News Summary
- Startups shouldn’t try to compete with Big Tech companies anyway, Yin Wu, the co-founder and CEO of equity management software Pulley, said.
- Wu said the company pays a set range for each role — regardless of where a potential employee is based — and consistently builds compensation packages with equity offerings in the 90th percentile.
- “I think it is unlikely, if the company is really successful, you’re going to look back and say, ‘Man, I gave away too much equity of everyone that was at my company trying to make this company really successful,'” Wu said.
Startups have never been able to offer the same sizable salaries as big tech companies. Now with companies like Meta and OpenAI willing to pay milliondollar salaries amid the AI race the compensatio [+3779 chars]
Never miss a story from us, subscribe to our newsletter