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Good for them. And by "them" I mean the founders and investors. Employees may make some money if the company exits, but not much relative to time/sweat invest
by khazhou 8y ago
Good for them. And by "them" I mean the founders and investors. Employees may make some money if the company exits, but not much relative to time/sweat investment, certainly several orders of magnitude lower than the guys up top, and probably comparable to or worse than FANG compensation (even disregarding RSUs).
This isn't unique to DoorDash, but it's what comes to mind when a pre-exit company's valuation is being marketed in public. It's meant in part to entice eager recruits, but they don't realize that money is never meant for them.
- huangbong 8y agotldr: capitalism
- SmellyGeekBoy 8y agoAre their employees not paid a salary like everyone else?
- khazhou 8y agoIf they are like a standard SV startup, they are indeed receiving salary, plus equity many orders of magnitude smaller than founders.