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I got an offer from Netflix for 450k cash and another offer from FB for 210k cash with 600k equity over 4 years, a few years ago. Considering how well those st

I got an offer from Netflix for 450k cash and another offer from FB for 210k cash with 600k equity over 4 years, a few years ago. Considering how well those stocks did after such offers were made to me, and how frugal I am (avid minimalist spending <50k a year in the bay), I would have saved even more than 1M (I know most of my friends working there did). Also, the 1M from the startup wasn’t net, but gross (taxed at long term capital gain luckily).

zerr 8y ago
> 210k cash with 600k equity over 4 years Could you please explain how does this work? Is it a one-time payment of 600K spread over 4 years? And afterwards you just end up with 210K base (or maybe a small increase) for the following years, with no additional bonuses/etc?
- pm90 8y ago
  You need to look up how Equities work. This looks like an RSU grant of 600K; there are different vesting schedules (i.e. how much of the RSU becomes actual shares in the company, owned by you which you can sell/keep). Typically its 25% every year with a 1 year cliff (i.e. you get 0 actual shares when you start, but 25% after a year and so on).
- deleted 8y ago
  [deleted]
- vostok 8y ago
  You get refreshers so, no, it's not just base once your initial grant runs out. In a normal case, especially early in your career, the refreshers are larger than the initial grant as you get promotions and raises. This is not necessarily true if you've plateaued and is not necessarily true if your realized comp greatly exceeds your target comp. If your target comp is $500k per year but you're realizing $1000k per year due to stock growth then your refreshers will reflect the $500k rather than the $1000k.
taysic 8y ago
So how many years of experience are required for these types of salaries? What job title?
- deanmoriarty 8y ago
  In my case, the title was software engineer, at the time I had 6 years of experience and BS + MS in computer engineering. The offer at FB was for level E5, and I negotiated decently. I’m a very average engineer with average accomplishments, truly nothing special.
  - taysic 8y ago
    Interesting thanks - is this something recent that has changed? I don't get the sense that this was how it was even 4-5 years ago. Do you think these salaries are sustainable?

zerr 8y ago

> 210k cash with 600k equity over 4 years Could you please explain how does this work? Is it a one-time payment of 600K spread over 4 years? And afterwards you just end up with 210K base (or maybe a small increase) for the following years, with no additional bonuses/etc?

pm90 8y ago
You need to look up how Equities work. This looks like an RSU grant of 600K; there are different vesting schedules (i.e. how much of the RSU becomes actual shares in the company, owned by you which you can sell/keep). Typically its 25% every year with a 1 year cliff (i.e. you get 0 actual shares when you start, but 25% after a year and so on).
deleted 8y ago
[deleted]
vostok 8y ago
You get refreshers so, no, it's not just base once your initial grant runs out. In a normal case, especially early in your career, the refreshers are larger than the initial grant as you get promotions and raises. This is not necessarily true if you've plateaued and is not necessarily true if your realized comp greatly exceeds your target comp. If your target comp is $500k per year but you're realizing $1000k per year due to stock growth then your refreshers will reflect the $500k rather than the $1000k.

taysic 8y ago

So how many years of experience are required for these types of salaries? What job title?

deanmoriarty 8y ago
In my case, the title was software engineer, at the time I had 6 years of experience and BS + MS in computer engineering. The offer at FB was for level E5, and I negotiated decently. I’m a very average engineer with average accomplishments, truly nothing special.
- taysic 8y ago
  Interesting thanks - is this something recent that has changed? I don't get the sense that this was how it was even 4-5 years ago. Do you think these salaries are sustainable?