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I appreciate your honesty. On the loss of time: true, but as I said my equity appreciated significantly, at the current valuation (I am very aware of all our
by deanmoriarty 8y ago
I appreciate your honesty.
On the loss of time: true, but as I said my equity appreciated significantly, at the current valuation (I am very aware of all our details about funding terms, dilutions etc, so I can calculate a reasonably accurate average case outcome) my total compensation is essentially $1M a year without even counting for possible future growth, and FAANG offered me basically 40% of that, so it’s wise for me to stay put at least until I see the company significantly doing worse. I wouldn’t necessarily consider that sum of money something worth throwing away just for the sake of making a better use of my time. The day I’ll see the probability of my equity becoming zero rise significantly, I’ll leave in a heartbeat, that’s why I interviewed with several FAANG companies over the past 12 months, so I always have the doors open when it’s time.
The cool projects don’t mean much to the company but mean a lot to me, since I’m sharpening my skills in areas that I would bring with me to another career opportunity (e.g. machine learning in a project, and low level system programming in another one).
On the miscalibration: that’s certainly possible, I’ve tried to write facts more than opinions explicitly to avoid that, and all the things they told me indeed happened (e.g. founder said I was the only one to be considered for VP, former team members saying it was so much better when I was leading the team, ...).
- SubuSS 8y agoGood job on the comp haul. You made exactly the right call staying considering the options were only 40%! Feel free to ignore my points about making yourself useful if that will disturb the status ka'ching quo. Thanks for the civil convo. Clearly you have put a lot of thought into this and I wish you all the best! FWIW, money is never a waste on smart people :). Money is freedom and an amplifier. I hope you find good uses for the same!