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Not contracting. Let’s do a simple math. Assume this employee gets 5% of the company (which is super unlikely, but let’s go with it), that is 150m for what cou
by karmasimida 1y ago
Not contracting.
Let’s do a simple math. Assume this employee gets 5% of the company (which is super unlikely, but let’s go with it), that is 150m for what could be worth if OpenAI deal went through. 1% of that would be 1.5m.
That is still 7 figure. But this person spent 3 years in a startup, which turned out to be a unicorn and super highly successful, and he bagged a FAANG salary man pay at the end of the deal.
Basically this just proved startup model for normies are completely broken, if your goal is money, don’t join a startup
- xvector 1y agoIt's bizarre to see tech bros, YC, and megacorporations kill the startup talent pipeline that they rely on so much. Who is gonna want to work at a startup in a non-founder role after this and Scale AI? This continuing degradation of, and flagrant disregard for social norms is destructive for society.
- notimetorelax 1y agoYoung engineers who don’t know how this works yet.
- anon191928 1y agoI will make them this then. I will inform new talent about how VC lies with puting all proof too. New website and SM coming for this
- karmasimida 1y agoI think we would be back to historical norm, that startup will start falling behind in attracting talents. The founders of Windsurf had already gotten their bags, they won't have to work a single day later in their life if they don't want to. The consequences will be bared by the ecosystem. For the time being I think they are going to be OK, the labor market is employer friendly.
- baq 1y agothe market doing what the market does: price discovery. yes, this is a cynical take, but so is the money in this market.
- lotsofpulp 1y agoThis is not a new dynamic. This situation has existed for 10+ years, you can even read the same comments in the same HN threads from 10 years ago. Equity is only to be valued at greater than $0 if the business is publicly traded.
- highfrequency 1y agoYes, but 40 people cannot each have 5% of the company.
- Dylan16807 1y agoNobody said all 40 of those engineers got 1% of fair.