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In early 2016 I had two offers as a Product Manager from companies here that everybody's heard of. They were making more than $10M ARR, obviously not FAANG. O
by kareemm 8y ago
In early 2016 I had two offers as a Product Manager from companies here that everybody's heard of. They were making more than $10M ARR, obviously not FAANG. Offers were for $146k with a handful of options, and $150k with basically no options. One had moderate profit sharing (I modeled 10-15k annually). Healthcare ranged from decent to excellent. Total comp for both was under $200k.
FWIW I've been working in tech FT professionally as a line PM, head of product, developer, or founder since 2001 - 15 years at the time.
In other words his numbers aren't that far off. FAANG is a different compensation class but shouldn't be the base case as you can't do a comparison of FAANG in Raleigh to FAANG in SFBay/NYC.