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Having seen exit packages for director/ executive level individuals at a successful startup even, there’s a lot that doesn’t make sense. Early employees work re
by macklemoreshair 6y ago
Having seen exit packages for director/ executive level individuals at a successful startup even, there’s a lot that doesn’t make sense. Early employees work really hard and are rarely promoted to important positions internally.
I’ve seen equity turn out well. It obviously can. And being open to those opportunities that might change your life can be valuable. But most likely it won’t - be an investor, do due diligence and make sure it’s really a rocket
- swyx 6y agocan you offer more detail on director/exec startup comp please? not something we get to see often. even a range would be nice
- mackle_hair 6y ago$20 million for 2 years of being with the company as cto $3m for the earliest employees that had been there 6 years. for all the other engineers, a down payment on a nice house ~$300-500k for 4 years.
- swyx 6y agothats a nice payday for the CTO. not sure its fair for the earliest employees. thanks for the datapoints anyway!