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He's talking about public stock which is liquid (hence the reference to FAANG). Obviously private equity is very hard to sell and not comparable.
by jonfromsf 5y ago
He'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.