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The article says his salary was $95,000. It sounds like he was a manager and not just an engineer, but if we peg his market rate at, say $140,000 (the market ra
by jordanb 11y ago
The article says his salary was $95,000. It sounds like he was a manager and not just an engineer, but if we peg his market rate at, say $140,000 (the market rate of a good senior developer in San Francisco), then he paid $180,000 for these options.
- nostrademons 11y agoPaying $180K for options worth $350K (over 4 years) isn't a terrible trade - that's about an 18% IRR annually, even ignoring that the $180K was a stream of $45K annually instead of a lump sum. He could've done better elsewhere in SV, but I guess this is why the article says it's enough to buy the world's smallest violin.
- phamilton 11y agoBut $140k is not actually market rate. If we are looking at opportunity cost, a good engineer at Google or Facebook will pull in over 200k.
- deleted 11y ago[deleted]
- encoderer 11y ago$140k is market rate for a Sr Engineer in 2012. More like $175-180k now in SF. Source: friends, hiring in this market, my own experiences