4 ms·

why? He makes $130k with a $30k signing bonus? The RSUs are illiquid assets for private companies like this. Maybe he can get cash on a secondary market or kee

why? He makes $130k with a $30k signing bonus? The RSUs are illiquid assets for private companies like this. Maybe he can get cash on a secondary market or keep them for bank in an IPO. This shouldn't make you sick..., 130k is a pretty average software engineer salary in SF Bay area. The information about referrals for better compensation packages was really useful.

beamatronic 10y ago
If $130k is the actual salary then the title needs to be edited
- cloudjacker 10y ago
  It is kind of semantical, when the RSUs vest they have to be counted as ordinary income on your taxes. But with a private company like AirBnB, he can't just sell those shares on the stock market, and MAYBE he could sell them for cash on a private site like EquityZen. He is set up to make a big profit! It is a nice compensation package and is also great bargaining power for his next move! But at the same time, it is not cash and what he actually makes is pretty average.
msie 10y ago
Why? I believe you know the answer but I'll bite. He's not experienced in building software and yet he commands that much in salary. He can pass tests with flying colours though. I don't think he'll last that long at the company. It will be a grind and not well-suited to his personality.
- cloudjacker 10y ago
  He has sample projects, functional games actually. Portfolio pieces specifically made to rosy up his portfolio. And he aced the programming interviews by being fresh with that material. He also had great referrals, and counteroffers. And wound up with a pretty average salary. I am envious of the illiquid RSU package, but the 130k salary is pretty average. He didn't get a "Senior Staff Architect" title. He didn't get "Principle", he landed a software engineering role at an average salary with an awesome signing bonus and RSUs. This is what you are supposed to be armed with. Portfolio, referrals, counteroffers. Are you concerned that AirBNB's code will suffer? It won't. Are you concerned that he will burn out? More credentialed engineers burn out. This is just misplaced jealousy plain and simple, someone else optimized their time and leveraged inefficiencies in this system in a way we already know already works.

beamatronic 10y ago

If $130k is the actual salary then the title needs to be edited

cloudjacker 10y ago
It is kind of semantical, when the RSUs vest they have to be counted as ordinary income on your taxes. But with a private company like AirBnB, he can't just sell those shares on the stock market, and MAYBE he could sell them for cash on a private site like EquityZen. He is set up to make a big profit! It is a nice compensation package and is also great bargaining power for his next move! But at the same time, it is not cash and what he actually makes is pretty average.

msie 10y ago

Why? I believe you know the answer but I'll bite. He's not experienced in building software and yet he commands that much in salary. He can pass tests with flying colours though. I don't think he'll last that long at the company. It will be a grind and not well-suited to his personality.

cloudjacker 10y ago
He has sample projects, functional games actually. Portfolio pieces specifically made to rosy up his portfolio. And he aced the programming interviews by being fresh with that material. He also had great referrals, and counteroffers. And wound up with a pretty average salary. I am envious of the illiquid RSU package, but the 130k salary is pretty average. He didn't get a "Senior Staff Architect" title. He didn't get "Principle", he landed a software engineering role at an average salary with an awesome signing bonus and RSUs. This is what you are supposed to be armed with. Portfolio, referrals, counteroffers. Are you concerned that AirBNB's code will suffer? It won't. Are you concerned that he will burn out? More credentialed engineers burn out. This is just misplaced jealousy plain and simple, someone else optimized their time and leveraged inefficiencies in this system in a way we already know already works.