Oxide pays all employees $191,227 (Bay Area startup)

Re:Oxide pays all employees $191,227 (Bay Area startup) by rtpg on Tuesday March 14, 2023 @07:51PM (#35161374)

Everyone’s different but money pays rent in ways equity doesn’t, so especially for more junior people the money is a massive benefit.

In practice I think that motivated people are fine with non-wild salaries, but with early stage stuff it’s way too common to see people try to use equity as a replacement for salary. Your employees stressing out over money will cause them to perform less well.

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Re:Oxide pays all employees $191,227 (Bay Area startup) by ivraatiems on Tuesday March 14, 2023 @07:54PM (#35161405)

Don't get me wrong - I said this in my own comment on this post - I'm glad they're transparent and that they're paying people a living wage given the risks of a startup. I just think they're overselling what this achieves.

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