4 ms·

Yes: https://www.levels.fyi/ https://www.levels.fyi/

• hinkley 6y ago
  See, I always have trouble with 'stock'. I need more details. Is it a stock grant, or an option grant? Because with a publicly traded company, they'll let anyone buy options. The difference is that I don't have to wait 2 years, but I also don't get to wait three years if things aren't great at 2.
  • dpeck 6y ago
    It’s a grant. You’re given $x value of stock (say $100k). It vests, meaning you can do with what you want, usually at 25% per year, often with a cliff at 1 year and then quarterly/monthly after that. You may have restrictions on when you can sell depending on your position in the company and other rules. But that mostly sums it up at a high level.
  • khalilravanna 6y ago
    AFAIK it’s a stock grant with a vesting (going to assume 3 year, 1 year cliff) period. So after 4 years at BigCo I own $200k in BigCo stock. I agree, options would worthless. They only seem valuable for startups where you’re paying pennies against the potential of a $10/share IPO.
  • oblio 6y ago
    It's always stock grants. Only crappy companies give their employees option grants these days. FAANG doesn't do it, as well as the second tier of tech companies (Oracle, Adobe, etc.). And they will make you rich. Someone who works for these companies at a non-junior level for more than 5-10 years and is reasonable about expenses can quite easily become a millionaire if they work in their offices in developed countries. 5 years for senior positions, 10 years for regular positions.