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> their TC is now $900k. Everyone knows that openai TC is heavily weighted by RSUs options that themselves are heavily weighted by hopes and dreams.

> their TC is now $900k. Everyone knows that openai TC is heavily weighted by ~~RSUs~~ options that themselves are heavily weighted by hopes and dreams.

HeatrayEnjoyer 2y ago
Everything OpenAI does is about weights.
- DaiPlusPlus 2y ago
  bro does their ceo even lift?
doktorhladnjak 2y ago
When I looked into it and talked to some hiring managers, the big names were offering cash comp similar to total comp for big tech, with stock (sometimes complicated arrangements that were not options or RSUs) on top of that. I’m talking $400k cash for a senior engineer with equity on top.
- almostgotcaught 2y ago
  > big names Big names where? Inside of openai? What does that even mean? The only place you can get 400k cash base for senior is quantfi
  - ldjkfkdsjnv 2y ago
    Amazon pays 400k cash lol. Many companies do
    - almostgotcaught 2y ago
      Up until 2 years ago you were extremely wrong and you're still wrong: https://www.bloomberg.com/news/articles/2022-02-07/amazon-is-raising-base-salary-cap-to-350-000-from-160-000 https://www.bloomberg.com/news/articles/2022-02-07/amazon-is... It's amazing to me how many people are willing to just say the first thing that comes to their head while knowing they can be fact-checked in a heartbeat.
  - whimsicalism 2y ago
    > The only place you can get 400k cash base for senior is quantfi confident yet wrong not only can you get that much at AI companies, netflix will also pay that much all cash - and that’s fully public info
    - almostgotcaught 2y ago
      > not only can you get that much at AI companies Please show not tell > netflix will also pay that much all cash Okay that's true
    - vlovich123 2y ago
      Netflix is just cash, no stock. That’s different from 400k stock + cash.
      - whimsicalism 2y ago
        > The only place you can get 400k cash base for senior is quantfi That statement is false for the reasons I said. I’m not sure why your point matters to what I’m saying
        vlovich123 2y ago
        Because op’s usage of base implies base + stock. including a place where base = total comp is really misleading and is just being unnecessarily pedantic about terminology. OP is correct that a base cash of 400k is truly rare if you’re talking about typical total comp packages where 50% is base and 50% is stock.
        whimsicalism 2y ago
        quantfi doesn’t pay stock at all usually so i disagree that it implies cash + stock
        vlovich123 2y ago
        I don’t know what point you’re trying to make other than being super pedantic. This was a discussion about how OpenAI’s base of 400k is unique within the context of a TCO in the 800-900k range. It is. That quantfi and Netflix offer similar base because that’s also their TCO is a silly argument to make.
almost_usual 2y ago
You mean PPUs or smoke and mirrors compensation. RSUs are actually worth something.
- whimsicalism 2y ago
  why are PPUs “smoke and mirrors” and RSUs “worth something”? i suspect people commenting this don’t have a clue how PPU compensation actually works
  - almost_usual 2y ago
    > Note at offer time candidates do not know how many PPUs they will be receiving or how many exist in total. This is important because it’s not clear to candidates if they are receiving 1% or 0.001% of profits for instance. Even when giving options, some startups are often unclear or simply do not share the total number of outstanding shares. That said, this is generally considered bad practice and unfavorable for employees. Additionally, tender offers are not guaranteed to happen and the cadence may also not be known. > PPUs also are restricted by a 2-year lock, meaning that if there’s a liquidation event, a new hire can’t sell their units within their first 2 years. Another key difference is that the growth is currently capped at 10x. Similar to their overall company structure, the PPUs are capped at a growth of 10 times the original value. So in the offer example above, the candidate received $2M worth of PPUs, which means that their capped amount they could sell them for would be $20M > The most recent liquidation event we’re aware of happened during a tender offer earlier this year. It was during this event that some early employees were able to sell their profit participation units. It’s difficult to know how often these events happen and who is allowed to sell, though, as it’s on company discretion. https://www.levels.fyi/blog/openai-compensation.html https://www.levels.fyi/blog/openai-compensation.html Edit: I’m realizing we had the exact same conversation a month ago. It sounds like you have more insider information.
  - deleted 2y ago
    [deleted]

> their TC is now $900k. Everyone knows that openai TC is heavily weighted by ~~RSUs~~ options that themselves are heavily weighted by hopes and dreams.

HeatrayEnjoyer 2y ago

Everything OpenAI does is about weights.

DaiPlusPlus 2y ago
bro does their ceo even lift?

doktorhladnjak 2y ago

When I looked into it and talked to some hiring managers, the big names were offering cash comp similar to total comp for big tech, with stock (sometimes complicated arrangements that were not options or RSUs) on top of that. I’m talking $400k cash for a senior engineer with equity on top.

almostgotcaught 2y ago
> big names Big names where? Inside of openai? What does that even mean? The only place you can get 400k cash base for senior is quantfi
- ldjkfkdsjnv 2y ago
  Amazon pays 400k cash lol. Many companies do
  - almostgotcaught 2y ago
    Up until 2 years ago you were extremely wrong and you're still wrong: https://www.bloomberg.com/news/articles/2022-02-07/amazon-is-raising-base-salary-cap-to-350-000-from-160-000 https://www.bloomberg.com/news/articles/2022-02-07/amazon-is... It's amazing to me how many people are willing to just say the first thing that comes to their head while knowing they can be fact-checked in a heartbeat.
- whimsicalism 2y ago
  > The only place you can get 400k cash base for senior is quantfi confident yet wrong not only can you get that much at AI companies, netflix will also pay that much all cash - and that’s fully public info
  - almostgotcaught 2y ago
    > not only can you get that much at AI companies Please show not tell > netflix will also pay that much all cash Okay that's true
  - vlovich123 2y ago
    Netflix is just cash, no stock. That’s different from 400k stock + cash.
    - whimsicalism 2y ago
      > The only place you can get 400k cash base for senior is quantfi That statement is false for the reasons I said. I’m not sure why your point matters to what I’m saying
      - vlovich123 2y ago
        Because op’s usage of base implies base + stock. including a place where base = total comp is really misleading and is just being unnecessarily pedantic about terminology. OP is correct that a base cash of 400k is truly rare if you’re talking about typical total comp packages where 50% is base and 50% is stock.
        whimsicalism 2y ago
        quantfi doesn’t pay stock at all usually so i disagree that it implies cash + stock
        vlovich123 2y ago
        I don’t know what point you’re trying to make other than being super pedantic. This was a discussion about how OpenAI’s base of 400k is unique within the context of a TCO in the 800-900k range. It is. That quantfi and Netflix offer similar base because that’s also their TCO is a silly argument to make.

almost_usual 2y ago

You mean PPUs or smoke and mirrors compensation. RSUs are actually worth something.

whimsicalism 2y ago
why are PPUs “smoke and mirrors” and RSUs “worth something”? i suspect people commenting this don’t have a clue how PPU compensation actually works
- almost_usual 2y ago
  > Note at offer time candidates do not know how many PPUs they will be receiving or how many exist in total. This is important because it’s not clear to candidates if they are receiving 1% or 0.001% of profits for instance. Even when giving options, some startups are often unclear or simply do not share the total number of outstanding shares. That said, this is generally considered bad practice and unfavorable for employees. Additionally, tender offers are not guaranteed to happen and the cadence may also not be known. > PPUs also are restricted by a 2-year lock, meaning that if there’s a liquidation event, a new hire can’t sell their units within their first 2 years. Another key difference is that the growth is currently capped at 10x. Similar to their overall company structure, the PPUs are capped at a growth of 10 times the original value. So in the offer example above, the candidate received $2M worth of PPUs, which means that their capped amount they could sell them for would be $20M > The most recent liquidation event we’re aware of happened during a tender offer earlier this year. It was during this event that some early employees were able to sell their profit participation units. It’s difficult to know how often these events happen and who is allowed to sell, though, as it’s on company discretion. https://www.levels.fyi/blog/openai-compensation.html https://www.levels.fyi/blog/openai-compensation.html Edit: I’m realizing we had the exact same conversation a month ago. It sounds like you have more insider information.
- deleted 2y ago
  [deleted]