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"No stock for employees" in a startup actually sounds great to me. The approximate value of that part of the package is about zero, but few people realize that,
by m0zg 7y ago
"No stock for employees" in a startup actually sounds great to me. The approximate value of that part of the package is about zero, but few people realize that, and a lot of employees get taken advantage of when startups offer lower pay in exchange for minuscule (and dwindling through dilution) equity. Receiving competitive amounts of hard cash would be better for 99.9% of the people.
- seattle_spring 7y agoIs there any evidence that Toptal offered a competitive salary in relation to total compensation packages elsewhere? A good senior engineer can get $300k+ at FB or Google. Most startups would offer $160-$200k plus equity. If Toptal "wasn't playing that game," then surely they were offering $300k salaries?
- m0zg 7y agoI'm not saying it did. I'm saying that, unlike a typical startup employee, Toptal employees knew exactly what they were getting into, no cap tables, dilutions, liquidation preferences, or other bullshit. That seems fair to me.