Used to be $30k in Japan, too. There are actual meaningful process advantages to operating in certain economies.https://twitter.com/imcatnoone/status/773684585439891456 …
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For example: a huge benefit most US startups don't even realize they have is at-will employment.
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In many countries, bringing on first junior engineer at $4k a month is minimally a $100k bet-the-company commitment if it doesn't work out.
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Inc. versus a
Gmbh. Initial buy-in for a Gmbh from founders is $25,000.