3 ms·
Ah ok, I thought the $16k was the entire amount, but I see you said 'left over' :) Still, for every engineer who lucks out when their startup turns into the ne
by cpncrunch 14y ago
Ah ok, I thought the $16k was the entire amount, but I see you said 'left over' :)
Still, for every engineer who lucks out when their startup turns into the next Apple, Sun, Facebook or Google, there are a lot more whose stock options end up either worthless or close to it. Looking at upvotes on the parent article, it seems like $0 outnumbers any other option by almost a factor of 4.
- ChuckMcM 14y agoIf you've had more than one job your ability to select multiple options goes up :-). There is another post here which mentions they can have negative value (which is to say you exercised them but they were never worth anything) and that is important to. If you follow the strategy that you only exercise and sell when they are worth money and you can sell, then options are always 'additive' to your salary. If you take options in lieu of salary then you're taking a bigger risk than someone who has both. The philosophy a number of people I know use with startups is enough salary to get by and save a bit, and options as an upside kicker.