3 ms·
Toss in dilution, liquidation preferences and other financial engineering put by the people who actually know the rules of the game, and your "tiny sliver of op
by matrix_overload 4y ago
Toss in dilution, liquidation preferences and other financial engineering put by the people who actually know the rules of the game, and your "tiny sliver of options" will still be worth less than 5 years of FAANG salary.
- jjav 4y agoNo, not always. Having been in SV over 20 years, I know plenty of people who've scored very comfortable retirement money out of IPOs despite having joined late as regular ICs. And a handful who became insanely rich even though none were founders or single-digit early employees. It's unlikely, yes. But it happens.