3 ms·

We gave the 10x developer who worked on one of my teams a VP level equity and bonus position in addition to being paid the same as me.

scarface74 4y ago
“Equity” in a private company is statistically meaningless. You might as well have said you gave them Monopoly money. I can’t pay my bills with “equity”, investors get first preference, dilution etc. I see you didn’t say “we gave them money that they could put in their bank account that they could use to support their addiction to food and shelter.” Yes, RSUs in public company can lose value. But at least I can and do sell every six months at vesting a diversify. And only 1 out of 10 startups “succeed” and by “success” that means the investors get their money back, it says nothing about how the employees fare.
- Ensorceled 4y ago
  > I see you didn’t say “we gave them money that they could put in their bank account that they could use to support their addiction to food and shelter.” I LITERALLY said "bonus position in addition to being paid the same as me" .. so yes, I did say "we gave them money they could put in their bank account". Take this rant somewhere else.
  - scarface74 4y ago
    “A bonus position” could have meant “a bonus title”, higher up equity position, etc. Giving them “a raise” or even “a large one time bonus” would have been “literal”. I have no idea who you are “being paid the same as you” could literally mean anything. Was that a 10% raise? Is he getting 10x more than the average developer? How does his “equity” compare to the founders? The investors? “Getting paid the same as you” also could mean he gets paid less than the average SWE II at any major tech company. “literally” your reply doesn’t say anything. I’ve been contacted twice about a “CTO” position in the last three years by sone unknown startup that was offering me less compensation than I make as a mid level cloud consultant working remotely at $BigTech. (I have a great network locally). I have no illusions of being “10x”

scarface74 4y ago

“Equity” in a private company is statistically meaningless. You might as well have said you gave them Monopoly money. I can’t pay my bills with “equity”, investors get first preference, dilution etc. I see you didn’t say “we gave them money that they could put in their bank account that they could use to support their addiction to food and shelter.” Yes, RSUs in public company can lose value. But at least I can and do sell every six months at vesting a diversify. And only 1 out of 10 startups “succeed” and by “success” that means the investors get their money back, it says nothing about how the employees fare.

Ensorceled 4y ago
> I see you didn’t say “we gave them money that they could put in their bank account that they could use to support their addiction to food and shelter.” I LITERALLY said "bonus position in addition to being paid the same as me" .. so yes, I did say "we gave them money they could put in their bank account". Take this rant somewhere else.
- scarface74 4y ago
  “A bonus position” could have meant “a bonus title”, higher up equity position, etc. Giving them “a raise” or even “a large one time bonus” would have been “literal”. I have no idea who you are “being paid the same as you” could literally mean anything. Was that a 10% raise? Is he getting 10x more than the average developer? How does his “equity” compare to the founders? The investors? “Getting paid the same as you” also could mean he gets paid less than the average SWE II at any major tech company. “literally” your reply doesn’t say anything. I’ve been contacted twice about a “CTO” position in the last three years by sone unknown startup that was offering me less compensation than I make as a mid level cloud consultant working remotely at $BigTech. (I have a great network locally). I have no illusions of being “10x”