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First, equity isn't compensation, it's ownership. Second, it's about risk. Third, it's about luck. So, if you get paid a market salary and benefits, you can't
by dvt 10y ago
First, equity isn't compensation, it's ownership. Second, it's about risk. Third, it's about luck.
So, if you get paid a market salary and benefits, you can't really expect to own much of the company that's providing you with that salary and benefits as it's essentially burning money on you. If you came in and said "can I get 1% ownership if I take 15k a year with no benefits" that would be a different story, but that's not how this works.
- khazhou 10y agoIf you go in to a startup and say "I'll take 15K a year w/no benefits" you'll get a flat-out NO. That big exit-event equity is not for engineers. It's for founders.
- vecter 10y agoThat depends entirely on the stage of the company. If you're one of the first few employees, that would make complete sense. If the last priced round made that 1% worth $20M on paper, then that's unreasonable.
- was_boring 10y agoI don't know about years prior, but Snapchat's executive team is making over a million a year. Not much risk at this point.
- dvt 10y agoMy comment was in the context of engineering (as that's what I interviewed for). Executive-level positions are a lot more nuanced.
- codeisawesome 10y agoCould you expand upon the nuances?