Salary
topic on 5 shows · 8 statements across 8 episodes
the Y Combinator Startup Podcast 
We Live to Build 
BigDeal 
Top Founders 
20VC
8 statements about Salary, every show
Sanchez: Wealth comes from ownership and equity, not salaries
“Most people do not get rich through a salary. Pause. They get rich because their skills were so good somebody wanted them to own.”
Codie Sanchez: Homebuying cost rose from 4 years of salary to 12
“Back when boomers were buying houses, it was four years of salary on average. You know what it is today? 12. 12 years.”
Sanchez: Only 30% of People Negotiate Salary Annually
“I think there's something like 30% of people that will ever negotiate their salary on an annual basis. 70% of people just will never do it.”
Salguero: Employers should not risk losing candidates over small salary gaps
“I find that sometimes people anchor around like money. So if somebody really wants a hundred grand, don't come in at 95, just cause like you want to make like, oh, we only had 95 budgeted, like pay them a hundred grand because they have that, that level in the…”
Seibel: 5% to 10% founder salary bumps are almost always worth it
“Just a small incremental five or 10% salary bump can make a huge lifestyle difference, and it's almost always worth it.”
Beck: Interviewers Should Ask Candidates for Both Past and Expected Salaries
“I would ask both because I want to know where they're, and then I would ask follow up questions around that, like tell me about your full compensation structure, what worked for you, what didn't work for you, et cetera.”
Zhang: Real wealth comes from equity ownership, not a salary
“Actually in the world, other than celebrities and movie stars, no one is able to become really wealthy by taking a salary. The only way to get wealthy or to build wealth is to actually trade your salary for equity.”