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>> The notion that stocks is not cash is wrong. If you are fully vested and deep in the money, it is effectively cash. OK -- I call the bluff. Anyone want to p
by TuringNYC 5y ago
>> The notion that stocks is not cash is wrong. If you are fully vested and deep in the money, it is effectively cash.
OK -- I call the bluff. Anyone want to purchase my fully vested, in the money stock from my Series A company? Please contact me offline, contact info in profile. I'll post later how many cents-on-the-dollar people quote for the stock. This alone is worth a whole HN post, and should be an interesting experiment.
- jonfromsf 5y agoHe's talking about public stock which is liquid (hence the reference to FAANG). Obviously private equity is very hard to sell and not comparable.
- TuringNYC 5y ago>>Also note, for the majority of non-public SWE roles with "high" total comp, you cant pay rent with total comp stock/equity, you pay rent with cash comp. He's responding to a discussion about private stock. Also, public companies arent the ones complaining about lack of talent as much as private ones trying to pay people in private stock mismatching market rents.