3 ms·

you pick two out of thousands! Google IPO'd so long ago that the rules regarding ISOs were different back then, strike prices could be arbitrarily lowered to wh

• scarface74 4y ago
  And this “I’ll get rich!” statistical improbability is why thousand of employees are willing to work for less than their market value in exchange for Monopoly money. My former CTO who did have a lot to do with our former company having a 10x exit after I left (with very little equity that I didn’t exercise) tried to get me to work with him as a tech lead for what would have been a competitive local offer (mid 100s) - I work remotely - and “equity”. But couldn’t come near the base + RSUs at BigTech even with the recent 30% YTD drop. They also have absolutely no idea how VC funding and the public markets for IPOs work during a bear market. At least I can sell my RSUs for real money when they vest.
  • mbesto 4y ago
    > And this “I’ll get rich!” statistical improbability is why thousand of employees are willing to work for less than their market value in exchange for Monopoly money. And this is precisely my point. If less IC's believed this, it would put market pressure on startups to give them more options and better outcomes (including taxes).
    • scarface74 4y ago
      The only “better option” I would accept is more cash - not Monopoly money.
      • mbesto 4y ago
        Totally, but startups (literally?) do not have that option.