2 ms·
Who is suggesting otherwise? The fact is that the multi-billion payday would not be possible, had they not convinced so many talented people to work for equity
by khazhoux 8y ago
Who is suggesting otherwise?
The fact is that the multi-billion payday would not be possible, had they not convinced so many talented people to work for equity-peanuts. Kudos to them!
- kjksf 8y agoAccording to Glassdoor, average programmer salary at GitHub is $150k. That's hardly peanuts. Bay Area overflows with job opportunities. If those talented people would rather get a risk-free work at Google/Facebook/Microsoft for $250k, why didn't they? Majority of software startups require just as much work, pay even less in base salary and their equity is worth $0 in the end, because the founders didn't create a valuable company. You say employees got screwed because they worked hard and didn't make tens of millions. I say they got supremely lucky. A 0.1% of 7.5 billion is $7.5 million, which is more than you can hope to make from cushy G/F/M jobs and certainly more than you can hope to make from an average Bay Area startup.