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It was super applicable just 3 years ago, anyone who hopped into zoom/snowflake/mongodb had a nice few years.
by ericmcer 4y ago
It was super applicable just 3 years ago, anyone who hopped into zoom/snowflake/mongodb had a nice few years.
- lotsofpulp 4y agoI thought for the past decade or more now, the “surefire” way to FIRE was to work at a big publicly traded tech company and keep frivolous expenses low, and a few million by 40 would have been nearly guaranteed (since you are earning a couple hundred thousand or more per year). Marry a similar high earner to make it even more guaranteed.
- majormajor 4y agoDo you have specifics on size of equity grants and timings and levels? There are lots of recent counter-examples; I have a relative who joined Uber shortly before IPO, he didn't get much. The pre-IPO valuation was already high and there were enough employees that grant sizes were not large. Even joining Zoom/Snowflake/Mongo seems like you would've had to time it very well to make sure you got in before the peak and vested in time to sell before the fall. Some other googling of recent tech IPOs shows a lot of drops: HashiCorp, Confluent, Monday.com, Squarespace... do you retire if you join companies like that just before IPO a few times in a row?