Cohen says Tel Aviv engineering salaries are 50% of US hubs
Benjamin Cohen · 650: TREX FinTech $15M Raised, Breaks Down Securitized Loans From Renewable Energy Orginators So Investors Can Buy with CEO Benjamin Cohen · May 5, 2017 · at 13:07
Benjamin Cohen, CEO of fintech platform T-Rex, discusses the cost economics of hiring software engineers in Tel Aviv versus major US tech hubs.
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“I think you can expect basically 50% of what people would make in either New York or the Bay Area markets, and obviously you lose some efficiencies by having people in different time zones and really just not co-located.”
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“Sole founder which I would do differently if there were an option to have co-founders to share the load.”
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“We just need to be there because we don't have huge competition. And so if we needed to have a bigger presence to sort of outdo the guy next door, then it would cost us a lot more. But because we're competing with in-house Excel models we just need to be on pe…”
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“We've raised about five million dollars today.
Okay.
Or sorry, not five. I've, I undersold that. That was in our series A that we're at fifteen million now.
15, one, five.
And I, I'd be shocked if all those were notes and debt.
I'm assuming you've had a price …”
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