crazyeights777

What are some banking features that start ups are looking for? So far replies to OP have asked for:

1. ability to structure the credit line in that's amenable to VC investments

2. low or no minimum account balance

3. Stripe Integration, Apple Pay Integration etc.

4. Xero integration

5. Minimal process corporate card issuance

To frame this another way, what are the pain points startups have when banking?

I was formerly confused by Google's compensation packages as well. I was focused on first year base salary and not aware of how raises, bonuses and stock packages play out.

My base salary has been higher than my classmates who joined FAANG since graduating ugrad. I jumped between non FAANG companies, they have been quite loyal. However,they are now clearly in a better financial position than myself.

1. FAANG compensates for institutional knowledge; engineers are rewarded for sticking around. my classmates that started at 100k USD 5 years ago, are now making ~175 base. They have gotten a 10% raise each year. 2. Performance bonuses. Not as common, for those who have a perf bonus the target is 15% of salary. 3. FAANG will give aggressive stock packages to engineers (which has real value from the get-go, unlike startup stock options) My classmates receive an annual stock package of 65-100% their salary.

This effectively bumps their 2018 compensation to between 225-300k USD. They are 5-6 years out of undergrad.

Hey! I am not looking for my next job atm, but I wanted to quickly say how awesome retool looks. At my last engineering job (at a startup) we struggled with keeping up with our company's internal tool needs. I think you are tackling a real important problem for fast paced companies

Looking forward to seeing your progress!