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Yeah, it's so weird looking at these when they're not "total comp". When I worked at Google, half my W2 income was equity. It just misleads other companies th
by jrockway 4y ago
Yeah, it's so weird looking at these when they're not "total comp". When I worked at Google, half my W2 income was equity.
It just misleads other companies that are competing for the same talent. "Why is everyone taking a different offer? Our salary is above Google!" but startup equity != RSUs, which you can autosell and treat as cash that shows up every month, just like salary.
- woah 4y agoExcept you get a pay cut when the market goes down
- jrockway 4y agoYeah you do. It's prudent to value accordingly.
- orky56 4y agoPay cut when the market goes down and pay raise when the market goes up? Sure there's volatility involved but these stocks beat the market on average and drive close to 15% of some indices (i.e. FAANG at 15% total market cap of VTI). Those RSU's drive more wealth creation among FAANG employees than not over the long term.
- yibg 4y agoAlso a pay raise when the market goes up. If we assume an average flat stock price, it's pretty much same as cash comp.