Weeby.com, led by a CEO Michael Carter … is offering … to pay its engineers an average salary well above market rate: $250,000 a year … “ If you look at a really talented engineer,” said Carter, “they’ll help Facebook, Apple, or Google, but they won’t fundamentally change anything. Whereas that same engineer at a small company could be the difference between failure and a billion dollars .”
New hires get a base salary commensurate with their experience — at least $100,000, and more than they were previously paid. They join with the promise, if they perform well, of automatic $10,000 monthly bumps until they hit $250,000. Even then, the raises continue, so that after four years, it adds up to a million. Weeby doesn’t ignore equity, offering up to four times what similar-sized Valley startups do, Carter said. Employees, in fact, will own more of Weeby than even its biggest investor.
~ “Silicon Valley talent wars: Engineers, come get your $250K salary” by Daniel Terdiman, cnet.com