4 ms·

Somewhat relevant, Bolt is also paying top-of-market, e.g. 800k for an eng manager: https://twitter.com/GergelyOrosz/status/1479865906729730052?t=MbIuEeY2dQlt6v

• candiddevmike 5y ago
  If that's not indicative of another dotcom bubble I don't know what is. That's an insane amount of money to be paying, especially for a pre-IPO company.
• derex 5y ago
  I have a close friend who got Sr Engineer offer from Bolt. The 500k yearly TC is somewhat misleading because it’s assuming more than 2x growth in evaluation. While they may very well achieve that, you’re not gonna see the full 500k for an uncertain amount of time. More people should be aware of the nuances in these compensation figures.
  • solarkraft 5y ago
    Wow, I imagined stock comp would usually be based on current valuation.
    • claytonjy 5y ago
      Yup, same!
    • comp_throw7 5y ago
      It is, if they're offering RSUs rather than options. With options there's no meaningful "current valuation" since they're granted with a strike price that should be equal to their last valuation, there's only a potential distribution of future outcomes based on expected multiples (incl. 0).
• whoisjuan 5y ago
  $250k base salary. That's not top of market if the other $550k are illiquid options with no clear liquidity horizon.
• skeeter2020 5y ago
  I know of this org pretty well; they just did a massive round compared to their size and any rational business metric. They've convinced a big group of investors that they can basically disintermediate almost all ecommerce transactions, but this is a very frothy/competitive space, with really big players like Apple and Amazon, plus your paypals and a bunch of other unified checkout players. I'm skeptical but have my popcorn & I'm ready to watch.