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0 pointsscarface744y ago0 comments

Why is that a bad thing to offer all cash? Equity from private companies is statistically worthless. I wouldn’t even count it as part of my compensation.

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pc864y ago· 2 in thread

I don't think it's a bad thing (quite the opposite) but it's common to take high SV salaries that include hard-to-hit discretionary bonuses and hundreds of thousands in stock, and compare that TC number to the $175k offered by the private company that's also hiring. It's an apples to hammers comparison.

scarface74OP4y ago

All of the public tech companies that I know about basically guarantee you cash + stock and a known vesting schedule over at least two years. Of course, we are living through the first era where BigTech stocks are tanking left and right.

I just left working at “normal companies” most of my career to work at BigTech two years ago at 46. My base pay was about the same. But my stock/prorated signing bonus brought my total compensation up by around 25%. I can (and do) sell my stock as soon as it vests.

I’m on the low end of BigTech compensation. I work remotely and did a slight career pivot from software engineering.

Yes, I know about the dot com bust. Those weren’t large profitable tech companies and they didn’t have the head count that companies have now

pragmatic4y ago

Super curious what your career pivot was.

Is there some engineering adjacent job that doesn’t come with a recruiter telling me to grind leetcode for 7-8 weeks for a chance to work on some weirdos space ship finance company? (Only kidding, mostly)

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