9 ms·
Personally, I'd keep the equity. Would $100K really do much for you in the long term?
by rgrieselhuber 9y ago
Personally, I'd keep the equity. Would $100K really do much for you in the long term?
- toomuchtodo 9y ago$100k is life changing money for most people.
- darawk 9y agoNot for most people here, though. Do we really need to keep saying stuff like this every time anyone here mentions money? "$10 is a weeks worth of food for people in Africa, you know". $100k is a lot of money, no question. But it's only about 1-year's salary for a decently paid programmer. It's not enough to quit your job, and it's not even enough to buy a house in most major tech cities. Which is what the OP said "would it really do much for you in the long term?"
- deleted 9y ago[deleted]
- chronic940 9y ago$25K USD is an egregiously large sum of money. I'd argue only $5K is necessary. If I were you, I'd move to somewhere like the Philippines and live like a king with $5K/year.
- abalashov 9y agoI dunno. $100k as a lump sum, here, in cash, now would solve a lot of serious financial problems in my life that $100k over 12 months doesn't even move the needle on. Some problems in life require lump sums. Cash is king.
- deleted 9y ago[deleted]
- to3m 9y agoI dunno too. How rich do you have to be to sniff at $100K? Perhaps you'd have to know something about the US tax situation that I don't. (I'm in the UK, so what do I know.) Maybe you end up with $10K in your pocket afterwards, or something, so it's kind of barely worth it, comparatively speaking.
- toomuchtodo 9y agoEven at the highest marginal tax rate, you walk away with about $60k after tax.
- abalashov 9y agoAnd a $60k lump sum would not be refused, either.
- darawk 9y agoI'm not saying it's something to sniff at. It's just not completely life changing. Even if you're only making a 60k/year salary, 100k is only ~1.5 years of salary. A lot of money? Yes. But not quit your job money, change your life money.
- darawk 9y agoSorry, I didn't mean to imply that it was not a large sum. It's a large sum for me too. But it's not a totally life changing one. You couldn't quit your job if you got 100k.
- Confusion 9y agoNot for most people here, though I doubt you have any data to back that 'most' up. There are a lot of people reading here and many of them are not like yourself.
- darawk 9y agoIt's a lot of money for me. But most people here are software developers, and i'd say most of them are living in Western countries. That means the mean salary here is going to be at least 60k. Which means 100k is only about 1.5 years of salary. Is that a lot of money? Yes. Is it completely life changing? No.
- icedchai 9y agoWhat would the equity do for him? Other than likely go to zero, that is...