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Professional players gets paid millions for a few years and then ends up into retirement. For analogy to work Netfix should pay that well. Seems they were bonk

Professional players gets paid millions for a few years and then ends up into retirement. For analogy to work Netfix should pay that well. Seems they were bonkers from the start. Why they thought competition will not catch up with them? What is their business moat?

ericd 4y ago
Doesn't Netflix pay very well relative to the field?
- pc86 4y ago
  Yes, they pay top 1% and (according to them, but not disputed by anyone who actually works there that I've seen) they reassess every year and adjust according, to stay in the top 1%. Furthermore it's almost all cash, very minimal stock, so no huge unintentional pay cuts like basically every other large tech company that can only pay the way they do by giving out generous stock grants.
  - ericd 4y ago
    Yeah, that was exactly my impression. Sounds consistent with their sports star analogy.
chrisco255 4y ago
Pretty sure the early employees did make millions from stock grants and Netflix was always known for high salaries. $250K - $500K a year not unheard of.
- scarface74 4y ago
  Yes Netflix does pay top of market. But they pay in cash - not RSUs. Recently from what I heard, they give employees the option of cash and RSUs. BTW, $250K - $500K is about average for BigTech developers.
  - xvilka 4y ago
    Given the current state of the stock market, it's even better.
  - danachow 4y ago
    They pay with cash and options, not RSUs options that are fully vested and granted monthly at 40% value.
- thundergolfer 4y ago
  > $250K - $500K a year not unheard of. More like $500k minimum. Netflix mostly hires senior engineers – until recently it was only seniors – and those seniors make over $500k.
  - drieddust 4y ago
    So they might be paying 2x-3x. Does that justify professional player analogy?
- rodgerd 4y ago
  Professional footballers can make that in a week.
  - chrisco255 4y ago
    Which footballers are making $26M a year? Only the best of the best.
deleted 4y ago
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rsanek 4y ago
Median pay in the MLB is just over $1m. [0] Median pay for a Netflix senior software engineer is $500k. [1] Doesn't really seem that different to me. [0] https://en.as.com/en/2021/10/08/mlb/1633685987_178363.html https://en.as.com/en/2021/10/08/mlb/1633685987_178363.html [1] https://www.levels.fyi/company/Netflix/salaries/Software-Engineer/Senior-Software-Engineer/ https://www.levels.fyi/company/Netflix/salaries/Software-Eng...
adrianN 4y ago
Professional players lose the ability to play at that level after a few years. Programmers can usually find another job after staying a few years at Netflix.

ericd 4y ago

Doesn't Netflix pay very well relative to the field?

pc86 4y ago
Yes, they pay top 1% and (according to them, but not disputed by anyone who actually works there that I've seen) they reassess every year and adjust according, to stay in the top 1%. Furthermore it's almost all cash, very minimal stock, so no huge unintentional pay cuts like basically every other large tech company that can only pay the way they do by giving out generous stock grants.
- ericd 4y ago
  Yeah, that was exactly my impression. Sounds consistent with their sports star analogy.

chrisco255 4y ago

Pretty sure the early employees did make millions from stock grants and Netflix was always known for high salaries. $250K - $500K a year not unheard of.

scarface74 4y ago
Yes Netflix does pay top of market. But they pay in cash - not RSUs. Recently from what I heard, they give employees the option of cash and RSUs. BTW, $250K - $500K is about average for BigTech developers.
- xvilka 4y ago
  Given the current state of the stock market, it's even better.
- danachow 4y ago
  They pay with cash and options, not RSUs options that are fully vested and granted monthly at 40% value.
thundergolfer 4y ago
> $250K - $500K a year not unheard of. More like $500k minimum. Netflix mostly hires senior engineers – until recently it was only seniors – and those seniors make over $500k.
- drieddust 4y ago
  So they might be paying 2x-3x. Does that justify professional player analogy?
rodgerd 4y ago
Professional footballers can make that in a week.
- chrisco255 4y ago
  Which footballers are making $26M a year? Only the best of the best.

deleted 4y ago

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rsanek 4y ago

Median pay in the MLB is just over $1m. [0] Median pay for a Netflix senior software engineer is $500k. [1] Doesn't really seem that different to me. [0] https://en.as.com/en/2021/10/08/mlb/1633685987_178363.html https://en.as.com/en/2021/10/08/mlb/1633685987_178363.html [1] https://www.levels.fyi/company/Netflix/salaries/Software-Engineer/Senior-Software-Engineer/ https://www.levels.fyi/company/Netflix/salaries/Software-Eng...

adrianN 4y ago

Professional players lose the ability to play at that level after a few years. Programmers can usually find another job after staying a few years at Netflix.