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How does HN have such ridiculous ideas of what other people are making? I had someone yesterday tell me that a mid-level marketing role at Stripe was pulling in

How does HN have such ridiculous ideas of what other people are making? I had someone yesterday tell me that a mid-level marketing role at Stripe was pulling in 3-5M per year, and probably made 20M over their four years there. An SVP is pulling down a base of $300-600k, and stock comp (option grants & RSU's) may be doubling or even tripling that but very few are getting 10-100x base. Maybe C-levels, but even then I'd wager more people can fit in a Boeing 777 than are seeing packages like that.

bombcar 4y ago
People always take the outlier as the norm. If you once got to work in 30 because there was absolutely no traffic, many people will from then on say it takes "30 minutes" to get to work, and be perpetually late.
nl 4y ago
Lots of people on HN don't understand the difference between C-level exec roles ("management") and functional management roles ("management"). They also look at salaries at non-public startups where some part of the package is denominated in the stock options price (which may or may not be fiction).
bradlys 4y ago
Varies a lot. I’ve seen people at smaller public companies get $5m+/yr offers and they managed maybe 15 people total. SV is weird - some people get really big offers. With crazy stock valuations and growth - some people do be getting big stacks. They might’ve gotten a $300k + 600k offer but then it turns into $300k + 3000k because stock went up 5x. Happens a lot here.
- tomnipotent 4y ago
  More people are struck by lightning than stumble into comp packages like these. > $300k + 3000k No one is getting millions of options/shares outside of founders and investors. A mid-stage growth start-up might give a few hundred thousand shares to a non-founding C-level exec, or a pre-IPO CFO taking point on going public might get close. Outside of nepotism and incredibly rare skill sets aligned with growth initiatives, these deals only exist in our fantasies.
  - bradlys 4y ago
    Stock appreciation... I was one of these people who saw 7 figure TC and I was just a senior IC. So, you're wrong. It's extremely common in SV. You have to be past $3.5m income to be in the 1% here. You think it's only execs at big companies making $3m+/yr?

bombcar 4y ago

People always take the outlier as the norm. If you once got to work in 30 because there was absolutely no traffic, many people will from then on say it takes "30 minutes" to get to work, and be perpetually late.

nl 4y ago

Lots of people on HN don't understand the difference between C-level exec roles ("management") and functional management roles ("management"). They also look at salaries at non-public startups where some part of the package is denominated in the stock options price (which may or may not be fiction).

bradlys 4y ago

Varies a lot. I’ve seen people at smaller public companies get $5m+/yr offers and they managed maybe 15 people total. SV is weird - some people get really big offers. With crazy stock valuations and growth - some people do be getting big stacks. They might’ve gotten a $300k + 600k offer but then it turns into $300k + 3000k because stock went up 5x. Happens a lot here.

tomnipotent 4y ago
More people are struck by lightning than stumble into comp packages like these. > $300k + 3000k No one is getting millions of options/shares outside of founders and investors. A mid-stage growth start-up might give a few hundred thousand shares to a non-founding C-level exec, or a pre-IPO CFO taking point on going public might get close. Outside of nepotism and incredibly rare skill sets aligned with growth initiatives, these deals only exist in our fantasies.
- bradlys 4y ago
  Stock appreciation... I was one of these people who saw 7 figure TC and I was just a senior IC. So, you're wrong. It's extremely common in SV. You have to be past $3.5m income to be in the 1% here. You think it's only execs at big companies making $3m+/yr?