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JonahSinick comments on A puzzle concerning CS major vs. engineering major salaries - Less Wrong
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Startups try to hire software engineers disproportionately from top schools. Starting engineering salaries at startups tend to be in the 80-100k range (sometimes higher). This is the case in SV, but also in NYC and many other markets.
The trend likely doesn't hold generally because it's a very local distortion. Startups like to hire young people and almost never hire engineers over 35 [1]. Essentially they're driving up demand for a small subset of the work-force, and the price for that subset has changed accordingly.
[1]: This is a blatant overgeneralization and is definitely not true for all startups, but does appear to hold for the vast majority.
Is this true? My impression is that they're often lower, with the lower figures compensated for with equity.
The word "startup" gets thrown around a lot in Silicon Valley, e.g. I was an intern at a company with over 50 employees that had millions of users and had been profitable for several years that still called itself a startup.