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I know engineers that have made over $250k/yr total compensation (including salary, bonus, and stock options) over the last 2 years alone. And this is for a we
by steve8918 15y ago
I know engineers that have made over $250k/yr total compensation (including salary, bonus, and stock options) over the last 2 years alone. And this is for a well established post-IPO company (not Google). I think their take home just from monthly vesting stock was roughly $150k over 2 years.
I still remember the thread where someone asked about how much people made out on an exit, and it seemed like firmly 80% of the people who responded said that they got screwed by the founders or VC, and only one said that he made enough for a downpayment on a house. So to me, 5% odds to make $1MM over 8 years seems really high.
It would be an interesting statistic to see how many startups have been started since 2008 and what their success rate has been.