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How I Turned Down $300,000 from Microsoft to go Full-Time on GitHub
- Sujan 18y agodefinitely a nice post to start a new blog.
- hbien 18y agoInspiring stuff, thanks a lot.
- bbgun 18y agoGet over yourself.
- fallentimes 18y agoAre you the one that offered him 300k?
- time_management 18y agoI don't git your antagonism toward him.
- LogicHoleFlaw 18y agoSeen on /.: "This is a thread for talking about git, not for being one!"
- raju 18y agoGreat post. Congrats on a great idea, great execution, a great team. And Good Luck.
- alaskamiller 18y ago"We publicly launched the site on April 10th. TechCrunch was not invited."
- fallentimes 18y agoThat one made me laugh, but I liked this one better: >When I’m old and dying, I plan to look back on my life and say “wow, that was an adventure,” not “wow, I sure felt safe.”
- alyx 18y agoInteresting how apparently adventurous parts of life and safe parts of life are mutually exclusive.
- akd 18y agoAdventure requires exploring the unknown. Thus, you never know whether you will be taking the "safer" path, but that's the fun.
- andreyf 18y agoMeh, you're stretching the metaphor. Adventuring "into the unknown" doesn't have to be financially risky - you could explore it at a university or big R&D lab, without much risk of market failure.
- deleted 18y ago[deleted]
- ryanwaggoner 18y agoNot if you're an entrepreneur.
- fallentimes 18y agoI don't think anyone said that. But for something to be truly an adventure, safety or a sense of safety, will be compromised at certain points along the way.
- marvin 18y agoI think the confusion is in the definition of "safe" - when I read "safe", I understand it to mean "will not cause major injury, great financial loss or permanent poverty". Most people considering a safe vs. adventurous route mistakes this kind of safety with "will not cause any emotional distress". In a modern guy's head, straying from "strictly" safe feels as dangerous as straying from "emotionally safe", probably because our modern society doesn't prepare us to deal with any reasonable amount of pain. A "physically and financially" safe adventure isn't an oxymoron, even in business. But in most cases, adventure entails a certain amount of distress between the successes. For instance, I fly airplanes for fun. I'm pretty sure this hobby will never hurt me, but it sure as hell doesn't always feel like that.
- azharcs 18y agoTotally inspiring stuff. "When in doubt, don't follow the crowd". Works for me.
- raganwald 18y agoTo put things in perspective, Microsoft also paid Jerry Seinfeld something like a million dollars a minute for his on-screen time, or $183,000 a second. $300,000 over three years (almost 95 million seconds) works out to be 1.73162648 nano-jerries. Nice to know what you're worth.
- bigbang 18y ago"Nice to know what you're worth." Should be - Nice to know what Microsoft considers worth
- ken 18y agoGood point, but isn't a million dollars a minute more like $16,000 a second, not $183,000 a second? So he's really worth more like 19 nanojerries. Not nearly as bad as you make it sound. :-)
- raganwald 18y agoA nanojerry here, a nanojerry there, pretty soon you're talking about real money. http://www.quotationspage.com/quote/170.html http://www.quotationspage.com/quote/170.html
- tspiteri 18y agoAlso, he's counting the on-screen time, not the real time Seinfeld had to give for travel/acting/whatever.
- raganwald 18y ago
- kleneway 18y agoTom, if you read this, think about turning on comments. Would have liked to have given you a nice "Great post, congrats!" on the post directly. :)
- mojombo 18y agoIsn't that what comments here at HN are for? =) In all seriousness, from past adventures in blogging, I'm sick of managing a commenting system of my own. I love HN and the people here, so this is the only place I plan to notify when I post. I'm working on a different blogging methodology this time around that I'll talk about it in my next post.
- hbien 18y agoHave you thought about using http://disqus.com http://disqus.com ?
- mojombo 18y agoI considered Disqus, and will continue to evaluate it, but for now I'm going old-skool and leaving comments off my blog. I'd like to experiment with using HN for comments. Hmm, I wonder if I could hook up a piece of JS that automatically pulls the HN url when I post it here...
- maximilian 18y agoOn that thread, it'd be a pretty nifty thing to have HN comments & posting directly integrated at the bottom of the blog post.
- ph0rque 18y agoSomething I wished for when disqus first came out...
- dawie 18y agoThe next question: Will they turn down $3 million from an acquirer?
- mrtron 18y agoI think thats extremely easy to answer. If you are willing to turn down a 6 figure salary + 300k, you will not settle for halfish of 3 million with way higher risk. Especially if that buyout forced you to work at a large company too, which he doesn't seem interested in.
- sokoloff 18y agoI'm not sure that's so clear. Suppose we say $200K is the "6 figure salary." That's getting paid for 6 years of work right now, and even if you have to put in 12 months at the acquirer to fully vest the $1.5mm, that's getting paid $1.7mm for a year of work (reckoning from this point forward). I'm not saying that's a slam-dunk deal, but it's a far cry better than 1/5th that amount...
- run4yourlives 18y agoSomething tells me they aren't in it for a big pay day.
- dawie 18y agoI meant it sarcastically...
- quasimojo 18y agoHow I Turned Down $33/share from Microsoft to go Full-Time on Yahoo! (jerry-yang.com)
- jbenz 18y agoYou're the best! Around! Nothing's ever gonna keep you down! Great story. I appreciated the Karate Kid and Indiana Jones references.
- lyime 18y agoA true entrepreneur.
- blader 18y agoWay to go Tom. You and Chris are two of hackers I respect the most on this planet, so I'm sure you guys are going to be ludicrously successful, if you aren't already. Don't forget your ex-coworker when you guys make it big.
- durdn 18y agoI liked this story very much. I think the key decision point in the post is exemplary. I took a similar decision 4-5 months ago. I can recognize my thoughts and feelings perfectly. The moment I took the decision to leave the company, my well paying job as Team Lead for total insecurity, adventure but freedom and fun was a jolt of energy. An energy that permeates my life to this day. There is no comparison between doing something because you're told to and doing what you love. The act of creation and the sense of freedom are in themselves an incredible reward.
- moonpolysoft 18y agoGreat read, but I have to say that I'm disappointed that Tom felt the need to publish actual numbers. There are other folks still working at Powerset/MS who would rather that the details of our offers stay confidential. Very classy, choosing self promotion over the financial privacy of former coworkers.
- ghshephard 18y agoWhy on earth would you think that someone discussing their Retention Bonus would have any relevance on what yours was? Just like there are employees of a company who receive $200K/year and those who receive $50K/year, there are those who receive $300K Retention bonuses and others who receive $20K retention bonuses. Or receive no retention bonus and are put on "Transition Plan" - or hell, are just laid off outright with 2 weeks severance + vacation. (I've always thought that that 160 Hours of vacation everyone in the valley stocks up on is a way of adding 4 weeks of severance as they eventually get laid off)
- moonpolysoft 18y agoWell, if you made 50k a year and there was someone in a comparable position bragging about their 200k/yr how would it make you feel? How would your boss take it? How would you deal with the situation if you were the boss? Companies make offers in confidence for a reason. I'm sure that Tom's business partners wouldn't appreciate him posting about their revenue anywhere public. The same principle applies here.
- kirubakaran 18y agoTruth will set you free, dude. Lack of information is how companies can pay one $50k and another $200k for the same work.
- KirinDave 18y agoReally? You're going to try, "The truth will set you free?" That's your response? moon's complaint is that now, there are some awkward positions to deal with at Powerset/MS. Because we were all a very tight knit startup before being acquired, many of us are friends with our supervisors and bosses. Now, we're suddenly faced with the question, "Why did my friend and boss value me at value X and Tom at value Y?" These are guys and gals we've basically lived with for 2-3 years, working feverishly for the shared goal of a game-changing increment to what constitutes search. Everyone played a part, but sometimes it can be painful learning that people may not have regarded your part as much as you did. What's more, every Powersetter knows some people in the company got The Shaft in terms of retention, for a variety of political and legal reasons. Some of these people chose to stay, some chose to leave. For those who chose to stay, this rubs salt in a wound that's still sore: their baby grew up and didn't treat them as well as the other parents. Being acquired is both a blessing and a curse. On the one hand, it's great because you get a payout. On the other hand, the company becomes something else entirely and it's almost never what you had before the acquisition. I understand why Tom talked about it (and it is an interesting story), but I understand why moon is upset about it as well. Tom was very fortunate that he had something else to walk away to (and this definitely drove up his retention price). For many Powersetters, it was "Microsoft" or "...?" (this is doubly true for the scientists who were literally redefining the field as they went along). I only wish everyone had as difficult-yet-easy choice as Tom did.
- wayne 18y agoAm I the only person who finds this insane...? Walking away from over a half mil over 3 years! GitHub is cool, but is working at Microsoft for a few years _that_ bad?
- ChaitanyaSai 18y agoMicrosoft helped price his skills, and their value will surely not diminish in three years. So, it is more like putting off the opportunity of making $300,000 now by three years. Having accepted the offer now could have made him more risk averse three years down the line (in the face of a more tangible opportunity cost in terms of lost paychecks). In fact, it is a very rational choice if your window for evaluating expected outcomes is five years or more.
- Tritis 18y agoHe certainly won't be less in three years.
- Allocator2008 18y agoWell written article to be sure. However let me say what a lot of folks here I bet are thinking but don't want to actually post: they would give their left-you-know-what for a 300K over three years offer from Microsoft!! I darn sure would, and I am not afraid to admit that! :-)
- sofal 18y agoThis reminds me of the part in "It's a Wonderful Life" where Mr. Potter offers George Bailey a job. Anyone remember that?
- plinkplonk 18y ago"they would give their left-you-know-what for a 300K over three years offer from Microsoft" I am missing something here. 300K over 3 years is 100k /year. Assuming you are drawing a decent salary in the United States this effectively doubles your salary. Would you sell your left-you-know-what for a job that doubles your salary? Some context: I make over 100K US $ (and that is in India. Expenses are much lower here, than say in Silicon Valley. I have many friends who make similar amounts of money). I wouldn't automatically accept a job at Microsoft just because they double that amount, especially if the alternative is working on an idea/code base I love full time. I could live on about a 1000 $ after taxes (I am single and have no debt) if I were working on something world changing with brilliant people I respect and can learn from. I am sure I am missing something. maybe the payout is 300 K US $ / year? (though it doesn't read that way) That is more tempting to be sure. Even for that amount I still wouldn't give my left-you-know-what :-)
- nanijoe 18y agoConsidering that you sold Gravatar previously, this was probably less of a difficult decision for you than it would have been for many. For others who are 29, married and thinking of starting a family(not saying that you are), a guaranteed > $600,000 (salary + $300k) over 3 years might not be such a bad thing
- sofal 18y agoHey, us family men like adventure too! We just can't live in a cardboard box in San Francisco, or pretty much anywhere in California for that matter (my wife was a clarinet major, not a lawyer). It doesn't take six figures to raise a family, California aside.
- qhoxie 18y agoI don't think he was claiming that it was a bad thing, it just was not the best for him given his inspiration from GitHub.
- charlesju 18y agoTom, I only know you through your service that has made my transition into the Rails world infinitely easier. I commend you for your efforts and producing a web application that actually has a business model and yet helps the community at the same time. I'm probably going to sign up with your service as soon as my projects jumps into Heroku (they don't use SVN, they use Git). Tom, you might be one of my new role models, but dude, get a real blog going, I want to subscribe to you!
- louislouis 18y agoThe lack of a page footer was very confusing, but great read nonetheless.
- nazgulnarsil 18y agoI see a lot of this on here and it is understandable given the "startup attitude" that is necessary. But It does kinda bother me that people brag about turning down money. I get the whole idea behind it. By turning down money you are reaffirming that life isn't about money and sometimes we have to take a little risk to do something that will make us happier yadda yadda yadda. Just please keep in mind the amount of resources that an amount of money like 300k represents. Many people don't have the opportunity to make an equivalent amount in an entire lifetime of work. If the urge ever arises to be smug about how you turned down $x amount, please keep this in mind. We are a group whose skill set happens to be very valuable because we were born into circumstances that have allowed us to maximize our advantages (time, place, parents). It's humbling when you realize how much luck was involved.