3 ms·
Wow that really sucks. It's insane how heavily stacked equity comp is against the rank and file, even if a non-trivial amount of them come out the other end a m
by seattle_spring 5y ago
Wow that really sucks. It's insane how heavily stacked equity comp is against the rank and file, even if a non-trivial amount of them come out the other end a millionaire.
- qeternity 5y agoIt’s not radically better for founders, who often have larger opportunity cost than rank and file. This is just the harsh reality of venture backed startups.
- dmitrygr 5y agoFounders get stock, not options. They cannot end up underwater by definition
- laurencerowe 5y agoEspecially given that the opportunity cost of working for a startup (50%+ of liquid comp) is around million dollars after 4 or 5 years for a senior engineer.
- s1artibartfast 5y agoIS this in general, or situational? Not every every startup employee has FAANG as an alternative.
- laurencerowe 5y agoIt's situational to a point, but it's far from just FAANG companies paying that kind of money. Looking around on levels.fyi $350-$400k / year seems pretty standard for senior engineers at post-IPO companies in the Bay Area.