I'm not sure, but if you want to build a world class team you need to pay more than market rate + excellent team/work environment + more responsibility + more impact on world + give equity. There is no free lunch. Really.
Did Facebook become successfully because they went cheap with hiring VP of engineering early in their game? (answer not: they recruited the top)
Yes, you can get lucky and build a successful company by hiring people which are fresh from college for less than market and dream about being rich.
The point is the following: DONT HIRE BAD DEVELOPERS.
Unfortunately, good developers are good in math and they were around so they will not go with salary cut + questionable equity stake. Yes you can get lucky but there are so many other unknowns when you run a business and you should limit unknowns to the minimum.
Did Facebook become successfully because they went cheap with hiring VP of engineering early in their game? (answer not: they recruited the top)
Yes, you can get lucky and build a successful company by hiring people which are fresh from college for less than market and dream about being rich.
The point is the following: DONT HIRE BAD DEVELOPERS.
Unfortunately, good developers are good in math and they were around so they will not go with salary cut + questionable equity stake. Yes you can get lucky but there are so many other unknowns when you run a business and you should limit unknowns to the minimum.