We do NOT do what you’re suggesting here - discriminate against Indians (or any nationality). This would be horrible and stupid. Our own team comes from various countries, and so do the founders of our portfolio companies.
As for countries that we invest in, we’ve invested in lots of different places. In fact, that’s one of the things we’re known for. We haven’t invested in e.g. India or China yet but that may change over time. Point taken that we shouldn’t say ‘everywhere’ as long as we’re not ready to invest everywhere - will make sure to change the website wording ASAP.
My grip should be with the "invest all over the world" but "not in your country" tag, not that you got my country wrong.
However I really was not looking for investment at all! I loved the medium article posted and wanted to network.
But I guess it's absurd to talk to VCs without the expectation of investment.
I'd hope so man, but the issue here wasn't that you don't invest "everywhere", it's that a man was profiled based on his name and quickly turned away. I'd try to figure out why that happened.
I agree, I don't expect the kid additions to fully cover the costs. Trying to cover these costs fully is probably unrealistic, as it would lead to a very large salary spread between, say, a founder with 3 kids and one with 0.
The good news is that once you have kids you won't have time for parties or expensive hobbies anyway ... and the joy of having kids makes up for the financial disadvantage several times over. :-))
I'm not sure if you've read my post. If you read it, you'll see that I wrote:
<< The numbers in the model reflect what I think is market and fair based on the data points that we have and some industry benchmarks that we were able to get. However, our data set is quite limited and the numbers produced by the calculator should by no means be taken as the ultimate truth. If you disagree with my assumptions or have seen different numbers in the market I’d love to hear from you! >>
The reason why I ignored the data is that it was in stark contrast to several other data sources that I've seen. But it's a good point, I need to look into this again. I will also contact the research team of that study and ask how they collected the data.
Ah, that is interesting. I'd love to see something on the multiple data you've seen! I tried to look but didn't see whether this data is for only VC funded startups, or for a wider set that includes others, do you know. If there are other data sources on SV startup salaries that disagree, then I have to take back my US vs Germany comment. Perhaps the discrepancy is that this data was all opt-in, which could bias the sample? Anyway, thanks for following up!
