4 ms·
Working at a company for almost six years, with equity as a significant part of the compensation, and losing 20% of what I exercised - in my fourth startup with
by trynewideas 4y ago
Working at a company for almost six years, with equity as a significant part of the compensation, and losing 20% of what I exercised - in my fourth startup with an equity component, none of them doing better than break-even - means I just do not care about equity when offered it anymore.
If I'm offered, say, $150k + ISOs now, my brain just chucks it out the other end as $150k + $0. And I got to that place even before the market started to fall over.
I remember a recruiter in the offer stage of one job describing the ISOs - "if we go 2x, your options will be worth $XX,XXX. If we go 10x, they'll be worth $X,XXX,XXX" - and I had to cut her off as gently as I could so we could get to the health insurance that I would probably be maxing out the deductible on instead. (That job didn't last long enough to vest any of the options; laid off after a leadership change/re-org.)