Advice to VCs on this thread trying to convince hiring folks away from tech. giants.
Re-consider (if you can) how you attract engineering talent and capitalize the "product-market-fit" stage of your startups - higher early stage valuations and higher pay for the market rates for the talent. Most talent (I know of) at FAANG is tired of being "cog-in-a-giant-wheel" and, some, would love the opportunities that startups always offered (I am assuming I don't have to enumerate these opportunities for this crowd)?
If you think higher valuations at earlier stages is not a fair ask - just look at capitalization at Series-C, Series-D growth stage companies - most of this money is being used to "buy" revenue these days. In other words, to pay commissions for sales and marketing folks. Buying engineering talent at early stages should be no different in 2019 in my opinion.
We don't have to rob Peter(Founders) to pay Paul(non-founding employees) and pitch one against the other. Just make the pie bigger at early stages. From what I hear, there is plenty of capital chasing good startups.
Re-consider (if you can) how you attract engineering talent and capitalize the "product-market-fit" stage of your startups - higher early stage valuations and higher pay for the market rates for the talent. Most talent (I know of) at FAANG is tired of being "cog-in-a-giant-wheel" and, some, would love the opportunities that startups always offered (I am assuming I don't have to enumerate these opportunities for this crowd)?
If you think higher valuations at earlier stages is not a fair ask - just look at capitalization at Series-C, Series-D growth stage companies - most of this money is being used to "buy" revenue these days. In other words, to pay commissions for sales and marketing folks. Buying engineering talent at early stages should be no different in 2019 in my opinion.
We don't have to rob Peter(Founders) to pay Paul(non-founding employees) and pitch one against the other. Just make the pie bigger at early stages. From what I hear, there is plenty of capital chasing good startups.