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His bonus must have been about $100K+ ... I wonder why he decided to give that up? That would have helped him starting a company. Or maybe, my reasoning is the
by keeptrying 16y ago
His bonus must have been about $100K+ ... I wonder why he decided to give that up? That would have helped him starting a company.
Or maybe, my reasoning is the very reason I wont create an Amazon.com :( ...
I'm still confused as to why he decided to forego the bonus. The only thing I can think of is that he had some feeling about his idea and his capabilities w.r.t that idea that he couldnt wait?
- smanek 16y agoAs I understand it, he was a VP at DE Shaw - which probably put his annual bonus at least several times higher than that (and low 7-figures wouldn't even be too unusual).
- keeptrying 16y agoIn a bank or hedge fund ... everyone is a VP ... Of course if he had the boss's ear - he was probably a special employee ...
- Tyrannosaurs 16y agoIt's very possible that if he'd waited then someone else would have got there first. First mover advantage has been shown to be overstated (waves at what's left of Altavista and Netscape) but at the time he'd have been thinking "If I don't do this now, someone else will and I won't get the chance". Remember too, if you're pulling in a six figure salary and have been for a few years, so long as you've been sensible, you're probably wealthy enough that that sort of money doesn't feel quite so significant.