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Yup. Assume there's two founders both of which draw a 50k salary, likely after months of bootstrapping. 400k is not even three engineers in SF.



400k is like the fully-loaded cost of a single engineer if you're trying to hire "top talent" and actually get them to come work for you (i.e. they're valuing any equity you're offering at the likely result of $0).


But those "top talent" engineers will be starting their own company so you don't have to worry about that.




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