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This article is missing one really key point about working for these unicorn companies, the stock that goes along with salary. The article is comparing salarie
by jaz46 11y ago
This article is missing one really key point about working for these unicorn companies, the stock that goes along with salary.
The article is comparing salaries of mid-senior level engineers and that $120k-$150k salary also often comes with $200k - $1+M in stock. As a SF-based startup founder and having been in tech recruiting for years, the clear upside of working for a unicorn is the stock with much lower risk of downside, but still plenty of upside growth.
If you look at percentage of Total Comp to rent, the numbers aren't nearly as outrageous.
- ryandrake 11y agoUnless you're getting actual, liquid, tradable stock, it's fictional compensation. You can't pay rent with "upside".