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Consider the time frame in which these anecdotes took place. My understanding is that most people "in the know" believe the environment has changed such that y
by Mc_Big_G 12y ago
Consider the time frame in which these anecdotes took place. My understanding is that most people "in the know" believe the environment has changed such that you'll never get a early Facebook employee type payout anymore. Founders, VCs and their lawyers have developed a plethora of tricks that disguise the way you're getting screwed or ensure that, through some future trickery, you will. You're best bet is to command a high salary worthy of your skills, choose a company that has a culture you'll enjoy and assume that your options are worthless.
- GlickWick 12y agoThis is definitely the case. Sometimes you get lucky and get a mid 6-fig payout (me and a friend did in a medium-sized acquisition), but most of the money I and most of my friends make is from RSUs, high salary, and year-end bonuses that are actually somewhat tied to company performance. Playing the lottery is all well and good, but a stable high-paying job will yield a higher EV. Honestly, in this field, even a $1m payout isn't hugely life changing. By your late 20s you should be making at least 150k/yr + bonuses/etc, and with proper investment you'll be fine for retirement.