Offtopic: Will we see tech workers demanding higher salaries with valuations coming into question? (ie your lottery ticket has much lower odds of success than you first assumed)
SV tech wages at post-Series-B companies are generally close to Google/Apple/Facebook/Microsoft, anyway, at least in engineering. (Early stage, up through some Series A, are definitely lower)
There are big/public companies which underpay people, too, of course.
I think wages for a 5-10y experience "good" engineer are probably around 200-350k all-in in SF right now (cash, bonus, reasonable equity calculation, etc.). At an early startup it might be that you get a more advanced role than you would in a larger company, but in general there is close to parity now. It might be $25k more cash at a big company, and the stock being more liquid in RSUs vs. options, but the total compensation based on what I'd consider fairly reasonable valuation of equity is probably roughly the same.
(I don't really know the 0-2y experience market/college hires, or non-technical roles, though.)
