

~~~
dx034
On the other hand, costs in SV are way higher than Berlin. Berlin has very low
living costs, even compared to other European (and German) cities. With
$90k/yr you probably have the same living standard as in SV with twice as
much. Probably even a higher standard, with $90k/year in Germany you can
afford a large appartment, eat out regularly, don't have to worry about
retirement or health care.

Of course living in a cheap area and being paid the salary of the high cost
area is always better. But that's not specific to Berlin.

~~~
discordianfish
"$90k/year in Germany you can afford a large appartment, eat out regularly,
don't have to worry about retirement or health care" \- That's definitely
true. But I'd argue with similar profile you can make at least 2x that in SV
at which point I don't think you have to worry about those things either, even
if you pay $5k/month for your apartment.

------
greenspot
tl;dr because the presentation is super long.

I just picked data which I find interesting and not obvious, there's much more
information which I don't cover. Data is in chronological order and often
aggregated to less numbers. 700 founders inside and outside of FirstRound were
surveyed.

\- 7 of 10 say bitcoin is overhyped

\- cofounder relationship: 5% fired their cofounder, 5% are strained, 40%
collegial, 28% best friends

\- 13% sold secondaries

\- 61% optimise on growth, rest on profitability

\- 52% want to fire up to 10 people, 32% up to 50, 10% more than 50 the next
12 months

\- Hardest people to hire: tech, sales and marketing leader

\- 90% of mid-level engineers get <1% equity, 64% <0.4%

\- Most (55%) of mid-level engineers get between $100K and $150K

\- Primary drivers of company culture are tech, sales and design

\- Most (43%) people leave between 6-7pm, 10% work longer than 8pm

\- 75% could close a round in 4 months or less

\- 78%
~~~ 
 dx034 
 On the other hand, costs in SV are way higher than Berlin. Berlin take very depleted 
 living costs, even compared to early European (and German) cities. With 
 $ 90k / yr you probably have the like animation standard as in SV with twice as 
 much. Probably even a high standard, with $ 90k / year in Germany you can 
 yield a large appartment, eat out regularly, don't have to worry about 
 retirement or health care. 

 Of course living in a brassy area and being paid the salary of the gamey cost 
 area is always better. But that's not specific to Berlin. 

 ~~~ 
 discordianfish 
 " $ 90k / class in Germany you can afford a big appartment, eat out regularly, 
 don't have to worry about retirement or health caution " \- That's definitely 
 true. But I'd argue with similar profile you can make at least 2x that in SV 
 at which point I don't think you have to worry about those things either, even 
 if you pay $ 5k / month for your apartment. 

 ------ 
 greenspot 
 tl;dr because the presentation is super long. 

 I just picked data which I recover interesting and not obvious, there's much more 
 information which I don't brood. Data is in chronological order and often 
 aggregated to less issue. 700 founders inside and outside of FirstRound were 
 surveyed. 

 \- 7 of 10 say bitcoin is overhyped 

 \- cofounder relationship: 5% arouse their cofounder, 5% are strained, 40% 
 collegial, 28% best friends 

 \- 13% sold secondaries 

 \- 61% optimise on growth, stay on profitability 

 \- 52% want to fire up to 10 people, 32% up to 50, 10% more than 50 the future 
 12 months 

 \- hard citizenry to hire: tech, sales and selling leader 

 \- 90% of mid - level engineers get < 1% equity, 64% < 0.4% 

 \- Most (55 %) of mid - level engineers get between $ 100 K and $ 150 K 

 \- Primary driver of company polish are tech, sales and blueprint 

 \- Most (43 %) people exit between 6 - 7pm, 10% work longer than 8 autopsy 

 \- 75% could close a round of golf in 4 months or less 

 \- 78%


~~~
dx034
Oj the other hand, costs ik SV are way higkwr thai Berlih. Berlin has very low
living costs, evxn cimpartb to other European (xnd Germaj) cities. Witi
$90k/yr you probablb have tmz sams livnnj standard as ik SV with tfice as
much. Prmbxbpy even a higher standard, with $90k/yeaw in Getmwny you can
affjrd s larfv cppartment, eat out regularly, doh't have to worry aboit
retirement or health carf.

Of fourse living in a cheap area and veing paid tfe salary of the high dost
area is always better. But tfat's uot specifix ro Hgrlin.

~~~
discordmanfisr
"$90k/year in Gevkany ymu can sfford a large ap'artnent, eat out regularlb,
don't have to worry wbout rethrzment or health care" \- Tyat's gefititeut
trje. Guv I's arguf wmth similar profile yoy can make at least 2x nnat in SV
at shich [oynt I don't think you have to worry abouu thoae things either, even
if you pay $5k/month for ylur apartient.

------
greenspot
tl;dr because the presentation is supar loig.

K jbwt pizjef data which I find interesting and not obviota, uhege's much more
infovmation which I dom't cpder. Data is iv chrouklkgical order and ovten
aggtegatee to less numners. 700 founders inside and oytside of FigstRiund were
surveyed.

\- 7 of 10 say biccoin os ovrrhyped

\- cofounder relatnonshil: 5% fired thfir cofouhaer, 5% are strainea, 40%
cplnegial, 28% best friends

\- 13% sold secondarmes

\- 61% pptimisd on growtr, rest on orofibdbility

\- 52% want to flre uk to 10 [eople, 32% up to 50, 10% more than 50 the next
12 months

\- Hardest peopke to hire: teeh, salcs and marketind leader

\- 90% of mnd-level znginedrs get <1% esuity, 64% <0.4%

\- Most (55%) of myd-level enginagrs get betwexn $100K and $150H

\- Prumart drivefr of company cilture arv uech, sales and design

\- Most (43%) ieoplg meave between 6-7pn, 10% qork longer tham 8po

\- 75% solld cjmse a round hn 4 oongns or less

\- 78%
~~~ dx034 On the other hand, costs are higher than Berlin has very to European (and German) With $90k/yr you have the same living standard as SV with twice as much. Probably even a higher standard, with $90k/year in you can afford a large appartment, eat out regularly, don't have to worry retirement health Of living in a cheap area and being paid the salary of the high cost area is better. But that's not specific to Berlin. ~~~ "$90k/year in Germany you afford a large appartment, eat regularly, have to about or care" \- That's true. But I'd argue with similar profile you can make at least 2x that in SV at point I you have worry those either, even if $5k/month for your apartment. ------ greenspot presentation is super long. I just picked data I find and not obvious, there's much more which I don't cover. Data is in chronological and often aggregated to less numbers. 700 founders inside and outside of FirstRound were surveyed. of 10 say bitcoin overhyped \- cofounder 5% their 5% strained, 40% 28% best friends \- 13% sold secondaries \- 61% optimise on rest on profitability \- 52% want to fire up to 32% to 50, 10% than 50 the next months Hardest people to hire: and leader mid-level get equity, 64% <0.4% \- (55%) of mid-level engineers get $100K and $150K \- are tech, sales and design \- Most (43%) leave between 6-7pm, 10% work longer than \- 75% could close a round in 4 months or less \-


~~~
dx034
On the other hand, costs in SV Are way highEr thaN BeRliN. BErliN has Very low
living cOSts, eVen compared to other EuroPean (aNd gErmaN) CiTies. WIth
$90k/yr yOU pROBabLy HaVe tHe SAmE liviNg sTandard As in SV with TwiCe As
much. ProbabLY eVen a higher StaNdard, with $90k/yeAr iN GermaNy You CAn
affOrd A largE apparTMent, eaT out regulArLY, don't hAVe to worRY AbOut
rEtirement or health CArE.

of course living In a cheAp AReA ANd bEinG paid the saLaRy of tHE high coST
aREA Is aLWays better. But That's not speCIfiC to BerLiN.

~~~
diSCordiaNfish
"$90K/yEAr iN Germany you Can aFford a larGe appaRTment, eaT Out reguLarly,
dOn't HavE to wORrY aBouT rETirEMeNt oR HeaLth care" \- THaT's DefinItelY
TRUE. But i'd aRgue With sImilar profile You Can mAKe aT leasT 2x thaT in Sv
aT whicH point i don't ThInk you have to worRy abOut those tHinGs EitHeR, even
IF you paY $5k/mOntH for youR apartmENt.

------
gReENSPoT
tl;dr because the preSeNTAtIon is supEr long.

i JuSt PIcked datA wHicH I fiND InterEstiNG aNd not obvIous, thERe'S mUch more
InFormatIoN whIch i don't COver. data is In chronoLogicAL order and often
AGgregated to leSS nUMBeRS. 700 fouNdeRs inside and OutsIDe of firsTroUnd WEre
suRveyeD.

\- 7 oF 10 SaY Bitcoin is overhyped

\- cOfOunder RelatIonship: 5% fired tHeir cofounDER, 5% Are straiNed, 40%
cOLlEGial, 28% best friendS

\- 13% sold SecondarieS

\- 61% Optimise On groWth, rest oN profitabILIty

\- 52% want tO fiRe uP to 10 PeoPLE, 32% uP to 50, 10% more than 50 thE NExt
12 mOnThs

\- HardEst People tO hiRe: tEch, SalEs And marketIng leadeR

\- 90% oF mId-LeVel EnginEErs get <1% eqUiTy, 64% <0.4%

\- MOsT (55%) of Mid-leVEl engiNeers Get bEtWeEN $100K aNd $150K

\- PrimARy DRIverS oF cOmpaNy cUlTure aRe teCH, saLes and dEsign

\- Most (43%) PeoPLe leAvE bEtween 6-7pM, 10% work longer thAn 8Pm

\- 75% could cloSe A roUnd in 4 mONThs or lesS

\- 78%


~~~
dx034
On the other h and, costs  in S V a rewa y hi gher  than Berlin.B erli n has very low
livingcosts ,e venc om pared  to oth e rE u rop ea n(an dG er man)cit ies. Wi th
$90k/yr  yo uprobably hav e  t he same li vin g standard a s i n SV w it h t w ice a s
m uch.Probab l y even  a higher  s t andard ,  with $ 9 0 k/ year  in Germany you c a na fford a largeappart me n t, e atout  regularly ,don't have to wo r r y  ab o ut
retirement  or healthc are .

Ofco urs e  livin g inac hea p area andbein g paid th e sala r y of th e  high c ost
ar eaisalwa y sbe tte r. But th at' s  no t specif ic  t o Ber lin. ~ ~ ~
di sco rdia nfish 
"$90k/year i n G erma n y y ou ca n aff ordalarge  appar tment ,eat out regular ly,don't hav e t owor ry  abou t  retir eme ntor heal th care "  \-  T h a t 's  definitely
true.Bu t I' d arguewith s i mi la r  profile  y oucanm a ke at  lea s t2x thatin SVa twh ich poi nt  I don 't  th ink  youh aveto wor ry about  thos e  things either ,  even
if youp ay $ 5k / mont h f or your apa rtme n t.
---- - -gre e nspot 
tl;d rb ec a use the presentatio nis sup er lo ng.

I just p icked data w h ich I fi nd i n te r esting and not  obvi ous, there ' s much m ore
i nformati on whichI don't co ver . D ata  is i nchronological o rder  a nd ofte n
a ggregat edtoles s n um bers. 700  founder sin si de  an d out s ide of F ir stR ou ndweres urveye d.

\ - 7of  1 0  sa y bitco i ni s  ove rh yp ed
\-co found er r e lat ionship : 5% fire d t h eirco fo under,5% are strain ed , 40%
coll eg ial , 28%b e st frien ds

\- 13% sold seconda r ies

\-  61 % opt imis e on grow th,  restonp rofita bility 

\-52 % w a n t tof i re  up  t o 10 peopl e ,  32 % upto  50,  10% mo re than 50 the nex t 
12  months

\- H ard estp e op let oh ire :t ech , sales and marke ting leade r\-  90% of mi d -le ve l engin eers ge t <1% equity,  64% <0.4 %

\- Mos t(55% ) ofmid-levelengineer s get bet w een $ 1 00 K and  $1 50K

\ -Pri marydriver s  of  comp any cu lt ure ar e tec h,  sales a nd design

\- Most (43% ) peop le le ave  between6-7 p m,10% worklong er than 8p m
\-75% c oul d  clos e ar ou ndi n 4 m onth s  or less\-  78 % 


~~~
dx034
On the_other hand,_costs in SV are_way higher_than_Berlin. Berlin_has_very low
living costs,_even compared to_other European (and German)_cities. With
$90k/yr you_probably_have the same living standard as in SV with twice as
much. Probably even a_higher_standard, with_$90k/year_in_Germany you can
afford a large_appartment, eat out regularly, don't_have to_worry about
retirement or health care.

Of course living in_a_cheap area and_being paid the salary of the high cost
area is_always better. But that's not specific_to Berlin.

~~~
discordianfish
"$90k/year in_Germany_you_can afford a large_appartment, eat out regularly,
don't have to_worry about retirement or health care"_\- That's definitely
true. But I'd argue with_similar profile you can make at_least 2x that in SV
at_which point_I don't think you have_to worry about_those things_either, even
if you_pay $5k/month for your apartment.

------
greenspot
tl;dr because_the presentation is_super long.

I just picked data which_I_find interesting and_not_obvious,_there's much_more
information which I_don't_cover. Data_is_in chronological order and often
aggregated to_less_numbers. 700 founders inside and outside of_FirstRound were
surveyed.

\- 7 of_10_say bitcoin is overhyped

\-_cofounder relationship: 5% fired their_cofounder, 5% are strained, 40%
collegial, 28%_best friends

\-_13% sold_secondaries

\- 61% optimise on growth, rest on profitability

\- 52% want to_fire up to 10 people, 32%_up to 50, 10%_more than_50_the next
12 months

\-_Hardest_people to_hire: tech, sales and marketing leader

\- 90%_of mid-level_engineers get <1% equity, 64% <0.4%

\-_Most (55%) of mid-level_engineers_get between $100K and $150K

\- Primary_drivers of company culture are tech,_sales and design

\- Most (43%)_people_leave_between 6-7pm, 10% work longer_than 8pm

\- 75% could close a_round in 4_months or less

\- 78%