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You have to be an accredited investor, most even non-faang-but-sv-sfbay senior swes can demonstrate this after 3 years.
by cellis 6y ago
You have to be an accredited investor, most even non-faang-but-sv-sfbay senior swes can demonstrate this after 3 years.
- person_of_color 6y agoHow? do vests count as income here?
- shajznnckfke 6y agoAnything that shows up on your tax return.
- pavlov 6y agoIsn’t the requirement $2M net worth? Or did that change?
- einarvollset 6y agoAccredited Investor: Basically $200k annual income or $1m net worth Qualified Client: $2m net worth Qualified Purchaser: $5m in “investments” not including the fund invested into </venture compliance nerdery>
- smabie 6y ago250k/yr in income or 1m in net worth. So many (most?) SV engineers are qualified.
- jhardy54 6y agoMaybe at FAANGs, but $250K is far above the median SWR salary in SV.
- bradlys 6y agoMaybe for salary but not for TC. I suspect median TC in the bay area is close to $250,000 just because of how many people are earning $300k+ at public companies.
- person_of_color 6y agoReal world isn’t Blind
- jhardy54 6y agoAccording to levels.fyi, you're right: https://www.levels.fyi/Salaries/Software-Engineer/San-Francisco-Bay-Area/ https://www.levels.fyi/Salaries/Software-Engineer/San-Franci... Median Compensation Package: $237,000 - Base Salary: $152,000 - Stock Grant: $85,000 - Bonus: $1,000
- oneearedrabbit 6y agoCorrection: an individual income - 200k/yr as of Oct-15, 2020 [1] > Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year [1] https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=8edfd12967d69c024485029d968ee737&r=SECTION&n=17y3.0.1.1.12.0.46.176 https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=8edfd12967...
- ojbyrne 6y agoAlso if you're married, joint income of $300k. For 2 people working in Silicon Valley, that's easily achievable.
- deleted 6y ago[deleted]
- desdiv 6y agoYou can also pay a few hundred dollars to take the Series 65 license exam and obtain accredited investor status through certification.