Patricia Recarte contrasts engineering compensation in Spain with rates in the United States and Asia.
Assertion Contradicted
Recarte: Fewer than 5% of US lawyers actually use a CRM
“Actually less than five percent of lawyers in the States actually use a CRM, which is an interested data point.”
Insight
Recarte: Founders Should Prove MVP Usage Before Hiring a Dedicated Designer
“Unfortunately you need to wait until the product is advanced enough. And it's sort of like, well, I'm not going to say it's strong, but at least you know, you have a working MVP, even if it's based on a shitty design, but at least have that so that, you know, …”
Insight
Recarte: Hiring Spanish employees requires a local entity providing social security benefits
“The thing is that in Spain, it's a little bit tricky in that sense, like everything around human resources, social security. So, I mean, if you tell an employee, a Spanish employee that they are hired by a Singaporean company and therefore they don't benefit f…”
Assertion Supported
Recarte: Senior US Python backend engineers cost roughly $300,000
“For a senior backend engineer, like someone Who writes in Python, I need to be paying like 300 K for someone who has 10 plus years experience.”
Assertion Supported
Recarte: Event discovery platform Fever recently achieved unicorn valuation
“Actually, they announced yesterday a new fundraising. Actually, they just became a unicorn.”
Disclosure
Recarte: MVP build took 14 months and triple the initial budget
“The MVP that I had in mind is where we're sort of getting right now, you know, like after one year and two months, whereas I was expecting that in just like five to six months, again, with like a third of the money that I ended up investing in in building ever…”