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employee 50 at lyft made ~1M over 4 years from their stock gains, i'm assuming that they have not sold much of that stock. fb and google tripled their stock pri
by huac 7y ago
employee 50 at lyft made ~1M over 4 years from their stock gains, i'm assuming that they have not sold much of that stock. fb and google tripled their stock price between 2013 and 2017, and fb quadrupled the stock price from 2013 to now. at that rate, to make a 1M stock package over 4 years only required a stock grant worth between 250k-350k over 4 years, which is rich but does not seem out of the reach of engineers with a few years experience.
is the risk premium really worth it?
- harryh 7y agoHe also joined Lyft as a "Support Associate"[1] where he, presumably, got a stock grant that was much much smaller than those for more in demand roles. He would not have been able to get a stock grant from FB or Google like you describe. It's fine to talk about the risk premium, but you're making an apples to oranges comparison here. 1. https://www.linkedin.com/in/nathan-rodriguez-05653226/ https://www.linkedin.com/in/nathan-rodriguez-05653226/
- huac 7y agoah, i didn't actually dig that deeply, that makes sense. i guess my belief in startups isn't completely shaken, then! it's interesting then that both of the people who were interviewed for this article were in non-tech roles (uber guy was in a marketing role).
- ralph84 7y ago> is the risk premium really worth it? Over the last 10 years, definitely not. You'd be hard-pressed to find many examples of startup rank and file who did better than they could have at FAANGM, even at startups that weren't as voracious consumers of capital (=dilution) as Lyft or Uber. Not everyone can or wants to work at FAANGM, but it definitely shows you shouldn't take a paycut going to a startup and hope to make it up on stock.
- HeyLaughingBoy 7y agoFAANGM Jesus, there's an 'M' now? I can't keep up with this.
- pragmatic 7y agoI guess it's Microsoft.