3 ms·
If you take a look at some of the examples in https://blog.pragmaticengineer.com/equity-for-software-engineers/#1-why-equity-is-important-success-stories https:
by matthewowen 4y ago
If you take a look at some of the examples in https://blog.pragmaticengineer.com/equity-for-software-engineers/#1-why-equity-is-important-success-stories https://blog.pragmaticengineer.com/equity-for-software-engin... you see that you really don't have to be at a "first 50 at google" level of success to see 8 digit equity values. Bear in mind that even private companies have some level of liquidity for option holders via secondary sales.
- Retric 4y agoHighly compensated employees handed grants aren’t startup employees taking risks they are well compensated employees getting deferred compensation. Even if the stock stays flat they still get the face value of the grant. That said, the double digit examples were 12M “software engineer 2” and 10M “first 10 employees”.
- matthewowen 4y agoSoftware engineer 2 is a reference to level, not when they were hired (doordash was big by then)