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Every large company sucks. You are always just a number. They serve a purpose though. They have a lot of money and allow you to exchange your labor for more

Every large company sucks. You are always just a number. They serve a purpose though. They have a lot of money and allow you to exchange your labor for more of that money and publicly traded RSUs than enterprise development or government. Every VC backed company sucks even worse, they work you to death, promise you “equity” that will statistically be worthless and they pay less. I’m not negative. I know the deal - I give a company labor and expertise for 40 hours a week and they give me money. It’s a transaction it’s just that simple - I don’t care about “your mission” and they aren’t my “family”. When that transaction of money for labor isn’t agreeable for either party, it’s time to move on like I’ve done 9x in my career.

whatshisface 1y ago
That's one third true. The other two thirds are work experience and networking, which you can't do at a job that's a dead end with a good pay check.
stackskipton 1y ago
You had a pretty good career if you have gotten RSUs at your jobs, most large companies outside FAANG and types don't give any stock options outside some pitiful purchase plan.
- scarface_74 1y ago
  Just 3.5 years out of close to 30. I would rather get a daily anal probe with a cactus than ever go back to BigTech. It served its purpose.
  - bravesoul2 1y ago
    Feel the same about small tech companies. You are the guinea pig to them learning how to run a business. No government or enterprise exp tho.
- le-mark 1y ago
  If traditional large companies do give stock options they’re at the closing cost of the date of the award (strike price). Not the zero dollar purchase price of big tech, which makes the much less attractive and profitable. I was at an insurance company that made a big deal about offering rsus to engineers. We were like is this a joke?
- rufus_foreman 1y ago
  The stock purchase plans at the two non-FAANG companies I worked for that offered them were amazing. One of them took money out of each paycheck for a quarter and then gave you the better of the price of the stock at the start or end of the quarter. So you got a chance at risk free profits if the stock jumped. I was told that some people put their entire paychecks into it until they put a limit on the percentage of the paycheck you could put in. The other one was a 15% discount off the stock price, again, done quarterly. Which doesn't sound huge until you calculate the annualized return. The annualized return on the first paycheck of the quarter was around 80%, the annualized return on the last paycheck of the quarter was around 3,000%. No lock up period and the smart thing to do would be to sell immediately and pay the short term capital gains tax. I'm not smart, I still have the stock from that one. It keeps going up but it could also go to zero at any time. I don't want to pay the capital gains tax though. I should probably look at put options. First world problems.
  - BeetleB 1y ago
    ESPP programs are great, and I encourage everyone to participate. But do keep in mind that the IRS limits how much you can gain from them. My company allows you to put 15% of your paycheck into them, and almost everyone I know hits the limit. Which means the company is withholding 15% of your pay, but only using about 7-10% in purchasing the stocks. They simply refund the rest at the end of the cycle.
    - deleted 1y ago
      [deleted]
    - rufus_foreman 1y ago
      Huh, looks like that was done in 2010, https://www.shrm.org/topics-tools/news/benefits-compensation/irs-issues-final-employee-stock-purchase-plan-regulations https://www.shrm.org/topics-tools/news/benefits-compensation.... The company where people were supposedly putting their whole paycheck in was before that. Some people have to ruin things for everyone. Both of the ones I participated in limited withholding to 10% of your net pay.
  - 1y ago
badc0ffee 1y ago
I worked at a huge, non-FAANG but you all have heard of it, tech company, and it actually had a great, supportive culture and great people. The only issue was that the work itself was soul sucking - everything moved slowly, and the product was a joke compared to newer competitors.
- bravesoul2 1y ago
  I can guess which one :)
golergka 1y ago
> Every VC backed company sucks even worse, they work you to death, promise you “equity” that will statistically be worthless and they pay less. That has been exactly the opposite of my experience with VC-backed companies. Great culture and support. Companies that stand by their employees and their words when it counts. I worked at a company which ran out of runway once. Not the first, not the last time I was in this situation. But before it actually did, CEO decided to close doors sooner so he could give everybody effectively a three-month severance. We were all contractors, not employees. He didn't have to do it at all, and I think that if he wished to, he would have found a dozen ways to safely pocket this VC money himself. But he made a choice to do a solid for his employees instead. This was just the most striking example, but overall it is pretty typical of my experience with VC-backed startups. I'm a cynical, pessimistic person from Russia and Israel, so every time I encounter another super-positive American, my first thought is that they're just phony. But in this particular industry, it just so happens that a lot of them are actually genuinely like that.
- scarface_74 1y ago
  Look no further than YC. https://medium.com/@kazeemibrahim18/the-post-ipo-performance-of-y-combinator-companies-a-mixed-bag-of-success-and-struggle-58e9a4006f01 https://medium.com/@kazeemibrahim18/the-post-ipo-performance... YC doesn’t care about the long term value of the companies it invest in. All VC companies want to extract the maximum value out of the company before they get sold to the bigger fool - either acquisitions or an IPO.
  - golergka 1y ago
    That's not the thesis I'm arguing with. You were talking about relationship with employees. Now you're talking about relationship with later stage investors. I am not a later stage investor, I have no knowledge about and no horse in this race.
    - scarface_74 1y ago
      If you took equity in the company in lieu of your market value, you are an investor. Since you probably would also have a lock up period, you would suffer losses. Your employer is beholden to its investors.
bravesoul2 1y ago
At least YC jobs ads are honest about what you are getting in for. They often spell it out "weekends and nights" plus use every hustle superlative there is and the salary is advertised.

whatshisface 1y ago

That's one third true. The other two thirds are work experience and networking, which you can't do at a job that's a dead end with a good pay check.

stackskipton 1y ago

You had a pretty good career if you have gotten RSUs at your jobs, most large companies outside FAANG and types don't give any stock options outside some pitiful purchase plan.

scarface_74 1y ago
Just 3.5 years out of close to 30. I would rather get a daily anal probe with a cactus than ever go back to BigTech. It served its purpose.
- bravesoul2 1y ago
  Feel the same about small tech companies. You are the guinea pig to them learning how to run a business. No government or enterprise exp tho.
le-mark 1y ago
If traditional large companies do give stock options they’re at the closing cost of the date of the award (strike price). Not the zero dollar purchase price of big tech, which makes the much less attractive and profitable. I was at an insurance company that made a big deal about offering rsus to engineers. We were like is this a joke?
rufus_foreman 1y ago
The stock purchase plans at the two non-FAANG companies I worked for that offered them were amazing. One of them took money out of each paycheck for a quarter and then gave you the better of the price of the stock at the start or end of the quarter. So you got a chance at risk free profits if the stock jumped. I was told that some people put their entire paychecks into it until they put a limit on the percentage of the paycheck you could put in. The other one was a 15% discount off the stock price, again, done quarterly. Which doesn't sound huge until you calculate the annualized return. The annualized return on the first paycheck of the quarter was around 80%, the annualized return on the last paycheck of the quarter was around 3,000%. No lock up period and the smart thing to do would be to sell immediately and pay the short term capital gains tax. I'm not smart, I still have the stock from that one. It keeps going up but it could also go to zero at any time. I don't want to pay the capital gains tax though. I should probably look at put options. First world problems.
- BeetleB 1y ago
  ESPP programs are great, and I encourage everyone to participate. But do keep in mind that the IRS limits how much you can gain from them. My company allows you to put 15% of your paycheck into them, and almost everyone I know hits the limit. Which means the company is withholding 15% of your pay, but only using about 7-10% in purchasing the stocks. They simply refund the rest at the end of the cycle.
  - deleted 1y ago
    [deleted]
  - rufus_foreman 1y ago
    Huh, looks like that was done in 2010, https://www.shrm.org/topics-tools/news/benefits-compensation/irs-issues-final-employee-stock-purchase-plan-regulations https://www.shrm.org/topics-tools/news/benefits-compensation.... The company where people were supposedly putting their whole paycheck in was before that. Some people have to ruin things for everyone. Both of the ones I participated in limited withholding to 10% of your net pay.
- 1y ago

badc0ffee 1y ago

I worked at a huge, non-FAANG but you all have heard of it, tech company, and it actually had a great, supportive culture and great people. The only issue was that the work itself was soul sucking - everything moved slowly, and the product was a joke compared to newer competitors.

bravesoul2 1y ago
I can guess which one :)

golergka 1y ago

> Every VC backed company sucks even worse, they work you to death, promise you “equity” that will statistically be worthless and they pay less. That has been exactly the opposite of my experience with VC-backed companies. Great culture and support. Companies that stand by their employees and their words when it counts. I worked at a company which ran out of runway once. Not the first, not the last time I was in this situation. But before it actually did, CEO decided to close doors sooner so he could give everybody effectively a three-month severance. We were all contractors, not employees. He didn't have to do it at all, and I think that if he wished to, he would have found a dozen ways to safely pocket this VC money himself. But he made a choice to do a solid for his employees instead. This was just the most striking example, but overall it is pretty typical of my experience with VC-backed startups. I'm a cynical, pessimistic person from Russia and Israel, so every time I encounter another super-positive American, my first thought is that they're just phony. But in this particular industry, it just so happens that a lot of them are actually genuinely like that.

scarface_74 1y ago
Look no further than YC. https://medium.com/@kazeemibrahim18/the-post-ipo-performance-of-y-combinator-companies-a-mixed-bag-of-success-and-struggle-58e9a4006f01 https://medium.com/@kazeemibrahim18/the-post-ipo-performance... YC doesn’t care about the long term value of the companies it invest in. All VC companies want to extract the maximum value out of the company before they get sold to the bigger fool - either acquisitions or an IPO.
- golergka 1y ago
  That's not the thesis I'm arguing with. You were talking about relationship with employees. Now you're talking about relationship with later stage investors. I am not a later stage investor, I have no knowledge about and no horse in this race.
  - scarface_74 1y ago
    If you took equity in the company in lieu of your market value, you are an investor. Since you probably would also have a lock up period, you would suffer losses. Your employer is beholden to its investors.

bravesoul2 1y ago

At least YC jobs ads are honest about what you are getting in for. They often spell it out "weekends and nights" plus use every hustle superlative there is and the salary is advertised.