I think Sydney will continue to underperform until something is done about the cost of housing.
It would appear that the flow through cost of housing deadens appetite for risk and increases brain drain... as talent can find a better overall deal elsewhere (@Alex, your calculations above point in this direction). On 7 January 2014 10:23, Silvia Pfeiffer <silviapfeiff...@gmail.com> wrote: > I think in the US you get shares on top of the salaries, so they are > comparing apples with oranges. > I agree, it's not a fair comparison. > Silvia. > > On Tue, Jan 7, 2014 at 9:51 AM, Alex North <a...@alexn.id.au> wrote: > > This looks like crap to me. > > > > Office > > 3 desks at Fishburners is $10k p.a. Even if you ritzed it up all the way > to > > Tank Stream Labs at double that, it's nothing close to the ridiculous > > $47,000 quoted. Coworking in NYC is about the same, San Francisco a bit > > cheaper. > > > > Talent > > The credits at the bottom imply that salary data came from big career > sites, > > not startups. There is little correlation between salaries there and what > > startup-quality engineers are paid. Great people in Australia are far, > far > > cheaper than they are in the USA; that's a primary reason so many of them > > bail and cross the pacific. Demand for the best people in San Francisco > is > > insane and the waves of funding push the market price way up. The quoted > > Sydney salaries might actually be reasonable, but the USA salaries are a > > huge underestimate unless you're hiring flunks. > > > > A quick check with Angel List: > > Australia: 1 of 40 (2.5%) jobs pays >$120k > > USA: 368 of 2600 (14%) pays >$120k > > And that's ignoring the even higher salaries at the larger post-startups, > > where the US dominates even more. > > > > The USA has many advantages as a place to start a company, but cost > > (especially of talent) isn't one of them. > > > > > > > > On Mon, Jan 6, 2014 at 1:45 PM, Dean Collins <d...@cognation.net> wrote: > >> > >> > >> > http://www.alleywatch.com/2013/12/what-should-it-cost-to-run-a-startup-broken-down-by-city/ > >> > >> > >> > >> > >> > >> > >> > >> Cheers, > >> > >> Dean > >> > >> > >> > >> > >> > >> -- > >> -- > >> You received this message because you are subscribed to the Silicon > Beach > >> Australia mailing list. 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