60% of Startup New Hires Are Out-of-State

In the latest Startup Compensation report from Carta based on 3,000 venture-backed companies, 60% of new hires at startups are out-of-state. Thes ratio of in-state to out-of-state held steady since 2022 despite larger comapnies making vocal return-to-office policies. Remote workers are primarily concentrated in California, Massachusettes, New York, Washington, and Texas.

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