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In fact the current round of raises began at Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, a Menlo Park, Calif., firm, in late December.
The average salary for New York's full-time state employees in 2009 (even before the last round of raises) was $63,382, well above the state's average personal income that year of $46,957.
All of which means that while Bentley's round of raises for his confidantes, which totals less than $1m per year, may not be the fatal blow to Alabama's financial well being, but it doesn't exactly inspire the electorate.
The latest round of raises brought glee to associates around the country, many of whom keep each other apprised of the announcements through e-mail and postings on a Yahoo Web site called Greedy Associates.
After the second round of raises, which is slated for this coming January, all of the company's U.S. stores will be paying at least $10 per hour, and the average minimum wage across all locations will be $11.87 -- a 10.3percentt increase over the previous year, according to the company.
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In its first round of raising capital, it brought in $2 million from backers like the Internet.com Corporation and Garage.com, well known in the world of Internet start-ups.
"If this had been a VC deal, my stake in the company would be down to less than 10% by now, for every subsequent round of raising equity means dilution," he says.
Throughout that path, he remained passionate about trying out and being involved in new things, which led him to several startups, through rounds of raising capital and turning around failing companies.
"If Foxconn announces another round of pay raises, we'll reconsider our wage level, too".
"Another round of documents raises even more substantial questions... questions about competence and integrity".
Led by Swagbucks' $60 million round of fund-raising, 35 Los Angeles County startups raised more than $330 million from April through June in what was a booming second quarter for startup investment nationwide.
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