I mean part of the problem is that the startup industry has been increasingly screwing over the employees being paid in “equity”. The constant revaluation of class “B” stock, etc.
The big companies have always been able to pay more than startups, but it feels like salaries have shot way up at the big cos since the wage fixing scandal was exposed. It makes me wonder if the wage fixing had a larger effect than anyone realized, or if there was more going on than what was exposed.
Regardless, part of what makes working at a startup less appealing these days is that companies are staying private longer. Startups could rectify this via regular tender offers.
Historically big companies paid better in cash. Smaller companies gave equity and more flexibility. It’s a rare period when startups can pay more and give better flexibility. It happens every few years but is an outlier. (I’m purposefully being vague about what flexibility means)
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Regardless, part of what makes working at a startup less appealing these days is that companies are staying private longer. Startups could rectify this via regular tender offers.