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Startup 1: $50k for 1 year (in the 90s, do the math what it would be right now) Big company for some time Startup 2: $0 for 2 years Startup 3: $0 for 2 years
by aminotaa 8y ago
Startup 1: $50k for 1 year (in the 90s, do the math what it would be right now)
Big company for some time
Startup 2: $0 for 2 years
Startup 3: $0 for 2 years
Startup 4: $0 for 2 years
Startup 5: $500k for 4 years
Startup 6: $1m for 1 year (still somewhat in play because 3/4 of my options got converted into the options of a public company as a result of acquisition, and I got RSU handcuffs on top of that)
All numbers before tax.
I hope I'm done with my startup adventures. Lost taste for it.
Financially, based on my experience, startups do not make any sense as an employee.
Mentally, Startup 5 made me question my faith in humanity.
- dunpeal 8y ago> Financially, based on my experience, startups do not make any sense as an employee. Absolutely. Also note that you are an extreme outlier for having had a 7 figure payoff. Most people who spent their entire career in startups will be lucky to see a 6 figure payoff at any point.
- lma21 8y agoThank you for sharing, could you please expand on that last sentence? It's quite intriguing
- tinkerteller 8y agoSerious question: Assuming most of the startup crowd is in SV - how does this make any sense at all? People do have to pay $5000 mortgages there, right?