What To Expect When A Tech Startup’s Developer Salary Hit $1.4 Million
In February, a startup called Digg reached the milestone of raising $1 billion in venture funding.
The news was met with mixed reactions among some critics, but it was also met with cheers from those who were happy to see a high-profile tech company with a long history of success.
“Digg was an incredible example of the type of product and company that will lead the way in the era of automation,” wrote one critic.
“The company’s CEO is the son of a car mechanic who graduated from MIT and went on to start and scale companies such as Twitter and Pinterest.
He’s the first to break the barrier of Silicon Valley and is the CEO of a company that has raised $1B of venture capital.”
“He’s the only CEO of any kind in the history of tech that was not raised by a VC,” added another.
“If you’re a startup CEO and want to get a piece of the pie, you need to be able to get an outside investor,” concluded another.
The Digg case is emblematic of the tech industry’s rise from the dotcom boom to the tech bubble of the past decade.
Since the dot-com crash, the number of startups in Silicon Valley has exploded from 10,000 to over 100,000.
But despite this rapid growth, tech companies still struggle to keep pace with the rising cost of hiring and training workers.
The rise of the robots and artificial intelligence (AI) industry has left a gap in the labor market, which is a concern for many businesses in the tech sector.
Digg, a social news aggregator and video aggregator, has made it easier for people to share content across different devices and social networks, such as Facebook, Twitter, and Google+.
It also has a growing number of products and services, such a new app that can help users find local news, a product that allows users to share and share photos, and a tool that lets them add a video to their timeline.
With a growing workforce and a growing market, Digg was not going to survive without a big investment, and it had the resources to go after the next big market.
As the company reached the $1 million milestone, some of its employees, some with experience in the finance industry, and others who had never worked in a company before, were put in charge of finding funding.
They started working in an effort to find financing for the company.
“Our CEO and a few other investors have been really excited about what we’ve accomplished so far,” said one of the new hires.
“I think a lot of the money we raised is going to be spent building a brand and marketing plan that will allow us to make a long-term investment,” said another of the recruits.
“We need to get the right people and get a really solid plan and team together to get us through this,” said the first employee.
The money they raised will allow Digg to hire and train new employees and expand its operations.
The company will also have a team that will work with its existing employees to improve its software development processes and hire more skilled workers.
“When you get a billion-dollar company like Digg with an engineering team and a marketing team, you don’t get a whole lot of time to grow,” said a second new hire.
The new hires have come in from a variety of backgrounds, including from a tech startup with some of the most highly-skilled engineers in the world, to a venture capital firm that is helping to fund Digg.
But the team they’re building will help them grow the company’s overall business and create jobs for the people who are coming from other industries.
“It’s going to give us a chance to build an entire company, which we’ll be able do with a lot less time and effort than we’re going to spend now,” said Digg CEO Brian Ostermann.
“There’s no doubt we’re a very exciting company with great prospects.”
For some, Diggs success in raising the $500 million in venture capital was an opportunity to take a break from the work.
But for others, the cash infusion was a welcome relief.
“My first job was as a cashier for a bank in New York City,” said Dan DeFilippis, who is now the VP of Business Development for an international travel company.
“[It] allowed me to see the city, and the culture and the economy and everything, without having to work.”
But as the company grew, he became increasingly disillusioned.
“You could never really get away from the tech,” he said.
“So I left Digg because I was bored, and I left it because I couldn’t see the business going any further.”
In March, the team of new hires announced their decision to go to another startup to work for a year and a half.
“With the $200,000 of our funding, we’re looking