In a healthy company a lot of value is created. Therefore, there should be plenty money for salaries. So, simply, if salaries are low the company isn't generating enough value or the bosses are cheap.
How is that a good thing? Of course, in a startup you can't have everything - but that doesn't change the fact that in startups the employees often share a great deal of the risk (in opportunity cost) and don't get rewarded in the same scale when it all works out. Worrying about money, especially in times like these, is perfectly natural.
And quoting somebody's email verbatim, without permission? That shows a lack of class (it's really that rude), but worse, it shows a lack of -judgment- because Auston should know he can't gain anything by ridiculing somebody's cover letter and grammar mistakes.
Don't get me wrong. I do agree that a hurriedly written cover letter that only focuses on the salary should land the resume on the no-hire pile. But why attract negative publicity to your own company? I don't get it.
We are in the final stages of the development of the product. So there is no revenue; we're paying market (45-60k) plus options, but we're not ready to just dish that out to anyone.
It's kind of like finding a girlfriend. If you're filthy rich (and its obvious) than the playing field becomes uneven. We want people who are motivated by long-term opportunity, not taking a salary and clock punching from 10-5.
OK you may have a point here, but surely, if this post were to discourage people who are only looking for a salary haven't the "ends justified the means" ?
I made websites at a big corp. I thought it was pretty decent for a kid like me that dropped out of school and didn't want to go back. I worked extra too just to try to impress my bosses because the name and reference on my resume was well worth it.
after cross-referencing salary.com and payscale for boca raton, the average pay for someone with 2 years experience (just to approximate the skills required for the position) is about $58k. $45k is off the bottom end of the chart, approaching the 0th percentile.
to pay above market, you'd need to be paying $60k minimum, not maximum.
all of this is, of course, assuming benefits (health/dental/etc).
That's definitely a valid point. Even if you had the money to pay above market rates, you still wouldn't because you know people exist who are willing to work really hard for less than market rates, if that gives them the opportunity to make a difference and build something great. In your case, you have to pick between extra runway and salary. That's a no brainer: 2 months of runway can be the difference between profitability followed by success and failing.
About the end justifying the means: Scaring off people you don't want to hire in the first place is easy. The problem is that by doing so, you're bound to give off bad vibes to people who would otherwise consider your company. Bear in mind that the people you want to hire are -by definition- in high demand. That means that they can (and should) demand a lot from you.
Just like in dating, people need only one reason to dismiss you as a qualified employer/so. Don't give them that reason.
How is that a good thing? Of course, in a startup you can't have everything - but that doesn't change the fact that in startups the employees often share a great deal of the risk (in opportunity cost) and don't get rewarded in the same scale when it all works out. Worrying about money, especially in times like these, is perfectly natural.
And quoting somebody's email verbatim, without permission? That shows a lack of class (it's really that rude), but worse, it shows a lack of -judgment- because Auston should know he can't gain anything by ridiculing somebody's cover letter and grammar mistakes.
Don't get me wrong. I do agree that a hurriedly written cover letter that only focuses on the salary should land the resume on the no-hire pile. But why attract negative publicity to your own company? I don't get it.