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How do you get good employees with such a terrible work culture? Their compensation structure doesn't seem great either. > Employees receive 10% of their equi
by biggc 5y ago
How do you get good employees with such a terrible work culture? Their compensation structure doesn't seem great either.
> Employees receive 10% of their equity allotment (in some cases called profit units, since the company's an LLC) for their first year, 20% the second, 30% the third, and the final 40% the fourth year. And employees need to stay through the entire fourth year – if you leave at day 364, you're out of luck for your 40%.
AFAIK, even Amazon shares vest monthly.
- bestcoder69 5y agoNope, every 6mo
- dilyevsky 5y agoThey are in LA area so probably local market is that way bc afaik Snap did the same
- bigmutant 5y agoAmazon's vest structure is 5/15/40/40. Every vest after the first two years is bi-yearly ie every six months (including additional grants). Amazon makes up the difference with cash in the first two years. The Target Compensation limit is another story entirely...