A Complete History of My Salary & Wages
A few months ago, I listened to a podcast interview of Ashley C Ford where she laid out the details on how much money she makes, and from which sources. I’ve thought about it a couple times since then and found it very grounding and reassuring whenever I did, even though I am not on the same career path as Ford, and I had never heard of her before the interview. (I have since started following her on twitter though and highly recommend it).
If you follow me on twitter, you know I am brutally honest on all kind of intimate topics. It’s because I believe in the strength behind transparency and the impact it can create. Transparency is particularly powerful with salaries and compensation, and that is why we had transparent salaries at Pinch. Well, that’s my motivational vibe.
So I am posting my complete salary history here in the hopes that it is interesting or helpful to other people.
2007: ~$25,000 in wages
Spock hired me as a summer marketing intern: $2,500/month salary (with potential for a $1,500 bonus at end of summer).
I was 18 when I started at Spock and had my 19th birthday there. I adored working for Spock — it taught me that being excited about the internet could be a career. And my boss Jay was the first person who really believed in me, and was willing to give me enough rope to hang myself. He told me not to tell people I was 18 because they would underestimate me, that I should tell them I was 27. I told most people I was 27 until I actually was. At the end of the summer I decided to take time off from college and continue working for Spock. They brought me on full-time, at a $75k salary.
I had spent the summer living in Redwood City (where Spock’s office is) and renting a room for $800. After the summer I moved to San Francisco and sublet at different places, paying between $600 for a room and $1000 for a studio apartment.
2008: $28,307 in wages
Most of my friends left Spock, so it seemed like the right thing to do. I emailed SeeqPod because I thought they had the coolest product in all of tech at the time — a web app that streamed music from the internet on the iPhone! (this was before there were 3rd party apps on the iPhone). I told them I was really excited about what they were building and would love to contribute however possible and would come on as an unpaid intern. They interviewed me and I did a take-home project: writing a Product Requirements Document for a Hi5 App (Hi5 was the third largest social network after Myspace and Facebook at the time). SeeqPod hired me as a product manager, I think with a $60k salary. My boss Mike was the second person (in an infinite stream) to believe in me and take a big chance on me.
I didn’t have an iPhone, just a flip phone, but I was so excited about the idea of posting photos on the internet from a mobile phone that I set up a tumblr called https://www.maiaeats.com/ that would post new entries every time I texted it a photo or text. I recorded everything I ate in this way.
I went back to college for my sophomore year in the fall. When I left, the CEO of SeeqPod said “Maia, you are the most diplomatic person I’ve ever had work for me. I watch you in meetings help people take their foot out of their mouths and start espousing your idea as if it was their own”. SeeqPod said they would keep my equity vesting over the school year, and we planned for me to transfer to Berkeley the next year as a college junior, to keep working for them. SeeqPod got sued out of existence though, so I stayed on at Olin.
2009: ~$10k in wages
In summer 2009, one of my former colleagues had been impressed with my work at Spock and wanted me to run marketing at his startup, Archivd. I did, but unfortunately his company went under about a month after I started when his cofounder couldn’t get a work visa.
For the rest of the summer, I picked up a half-time job running social media at a startup called NationalBLS in San Francisco. I got another half-time job doing front-end web development for Sprowtt, in Palo Alto (like Kickstarter + AngelList). I lived in a basement in Oakland and had a terrible commute.
That fall, I lived in Cambridge and got a part-time internship at HubSpot while in college. It was magical to live in Cambridge and work for HubSpot… the best time I had during college. I think they offered me $14/hour and I surprised them by negotiating to $15/hour.
2010: $1,800 in wages
I worked full-time for Hubspot ($15/hour) for the month of January before I went to study abroad in Copenhagen for Spring semester. I stayed in Europe that summer and did not work the rest of the year.
2011: $0 in wages
I graduated college in May 2011, sort of… having spent the spring busy trying to convalesce from a horrible car accident in January 2011, I was behind on my school work and so I walked on stage at the ceremony in May but technically hadn’t graduated yet. My generous professors let me make up the work in summer/fall, and I got my diploma at the end of the Fall 2011 semester.
I sold stock I had bought during college with my income from my year off to pay for my life this year.
2012: $61,988 in wages
Desperate for a job, my friend Richa helped me find a role at the consultancy she worked for in January 2012, where I wrote XSL-T (it’s like CSS, for XML documents). I made $60k salary (less than I had made when I was 19), but I was grateful for the opportunity (and for the health insurance!). They originally offered me $55k, and I negotiated up a smidge.
At the end of the summer, I met Meg who was starting a new company, Rocksbox. She hired me as her first employee, a UX designer. I think Meg asked me “What do people like you make?” and I said “Something like $75k,” and she said “Ok, that seems fine.” My salary was $72k.
2013: $22,416 in wages
Meg invited me to join on as cofounder & CTO of Rocksbox. As a cofounder, I took no salary for much of the year.
I lived in a two bedroom apartment with several other people — my friend Katie and I technically shared a bedroom together with one queen bed and both spent most nights at our respective boyfriend’s apartments. The household hosted people from Airbnb in our dining room and I made an additional $5k on top of my $22k salary to put towards my rent.
I remember being exhausted, flipping Airbnb rooms. My boyfriend asked “This seems really terrible, why do you do it?” I said “…. for the money, obviously.” He said “Oh but you don’t need the money,” and I sat there quietly, thinking, what does it mean for one to need the money?
2014: $66,323 in wages
Meg raised $1.5M for Rocksbox, and I was able to take a higher salary — I think back to $72k!
We still hosted Airbnbs in our dining room from which I made an extra $3,300.
My lawsuit against the guy who hit me with his truck settled for $100k. My lawyer took 1/3 and transferred me $66,000: the most humiliating, exhausting, painful, least worth it money I have ever “earned” in my entire life.
2015: $84,725 in wages
I was making more from Rocksbox — my salary increased from ~$72k at the beginning of 2015 to about ~$150k towards the end of the year.
My roommates and I moved to a big fancy house with a separate bedroom where we could host people on Airbnb. Technically my rent was $2,400/month but with the Airbnb it usually netted out to $1,400. I made $2,400 from Airbnb this year.
2016: $67,769 in wages
I left Rocksbox (and my $150k annual salary) to start Pinch, where we paid ourselves $50k. Rocksbox bought back my unvested equity for $780.
This year, with the separate bedroom on Airbnb, I made another $9,220. In September my roommate and I moved to a different apartment and stopped hosting on Airbnb. My rent was $1,500.
2017: $58,686 in wages
Towards the end of 2017, our $50k salary at Pinch was really starting to hurt. We raised a bit more and upped our salaries to $100k. The money from my car accident dwindled. I moved to my own apartment for the first time, and my rent was $2,000/month.
2018: $121,277 in wages
In summer 2018, we sold Pinch to Chime. My job offer at Chime was for $175k.
Some of our offers for Pinch came with a signing bonus. I wanted to evaluate offers based on the people and the culture, so I told myself I would act as though I had received a signing bonus even if I technically hadn’t. When we joined Chime (no signing bonus), I bought myself a scooter online. It never arrived, and I eventually did a chargeback on my credit card.
2019: $195,834 in wages
My salary at Chime was increased to $200k early in 2019 as a market adjustment, where it remains today. In October 2019 I moved out of my $2,000/month apartment to couch-surf with plans to eventually move to New York.
I was really excited about the idea of writing this post and bringing transparency. The process of writing it out and reliving it all though… it feels bad. I think of myself as a happy person, but when I read this now, I feel for my younger self. I worked and scrambled and stressed out about everything.
I’ve tweeted before that my biggest regret of my 20’s is that I didn’t spend more money. It wasn’t received well by the financial responsibility crowd on twitter, but my guess is that they’ve had a different (and more stable) career history than I have. I do regret that I saved any money in my 20's — I should have spent it all, spent freely on frivolous creature comforts, used money to make my life easier whenever possible and worried less about the future. But of course, hindsight is 20/20.
