Younger Startup Founders Pay Themselves Lower Salaries

Re:Younger Startup Founders Pay Themselves Lower Salaries by ritchiea on Wednesday January 22, 2014 @05:40PM (#7105897)

I missed the HN discussion of the previous article about founder salaries that lead to this [1] but reading it now it's blowing my mind how sheltered from reality the community here is. One HNer & startup founder says 80k doesn't go very far in NYC, when the median income in NYC is around $50,000 so a lot of people/families have to get by on less than 80k. I live in Brooklyn and understand there is a lot in New York you cannot afford at 80k, but to suggest that it "doesn't go a long way" is to completely misunderstand how fortunate you are.

1. https://news.ycombinator.com/item?id=7058840

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Re:Younger Startup Founders Pay Themselves Lower Salaries by malandrew on Thursday January 23, 2014 @12:49AM (#7107149)

I'm curious about the median income in NYC for those on rent control and those without it. You need to remember that most tech entrepreneurs in the city probably moved there within the last few years and therefore don't have the benefit of 10-20 year old rental rates.

[ Parent | on HN ]