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I actually had the same thoughts. I'm surprised he's being so transparent about this. I feel for the employees at this company -- just because a company is profitable, doesn't mean that employees are being paid fairly/market rate.

I wouldn't be surprised if the founder tries to sell the company in the new few years a discount of the current valuation. With 45% ownership, that's a very large chunk of change.



Buffer is most transparent and open startup I know, they've posted their salaries here:

- https://open.buffer.com/transparent-salaries/

With a calculator here:

- https://buffer.com/salary/

And are open about their sales, subscribers, revenue, churn, etc

- https://buffer.baremetrics.com/


buffer's salaries are posted here fyi https://docs.google.com/spreadsheets/d/1l3bXAv8JE5RB9siMq36-...

make of it what you will but doesnt seem low


This is out of date, as Joel now lives in Boulder, CO.


Here's the updated link:

https://docs.google.com/spreadsheets/d/1l3bXAv8JE5RB9siMq36-...




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