Carta 1H23 Hiring & Comp Report

[jaybee123]

I can’t add the link but everyone here should review the Carta 1H23 State of Startup Compensation Report.

Highlights:

1. YoY Decline in B2B SaaS hiring - 70.1%
2. YoY Decline in Web3 hiring 79.9%
3. Equity packages - Down 26.6%
4. Cash comp - Flat
5. Net headcount declined in 1H23
6. New hires are 60% located outside company headquarters state
7. Compensation is generally converging across metros with compensation as a % of bay area rising across tier 3 and tier 4 metros.