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danluu's profile
Dan Luu
Dan Luu
Dan Luu
@danluu

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Dan Luu

@danluu

https://patreon.com/danluu 

danluu.com
Joined December 2008

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    1. Dan Luu‏ @danluu 23 Apr 2017
      • Report Tweet

      Despite being relatively familiar with the market, entry-level dev compensation still blows my mind when I step back for a minute #talkpaypic.twitter.com/4SNEKiu2UZ

      6 replies 12 retweets 58 likes
    2. grork‏ @grork 23 Apr 2017
      • Report Tweet
      Replying to @danluu

      I wish ppl would be clearer about base+*cash* bonus+stock award+vested that year. I see ppl say '350k comp' w 200k/5yr vest, 120k+30k bonus

      1 reply 0 retweets 3 likes
    3. Brandon Paddock‏ @BrandonLive 24 Apr 2017
      • Report Tweet
      Replying to @grork @danluu

      I think there are two reasonable measures... comp awarded each year vs paid out each year. Only difference is stock. Just be consistent.

      1 reply 0 retweets 0 likes
    4. Brandon Paddock‏ @BrandonLive 24 Apr 2017
      • Report Tweet
      Replying to @BrandonLive @grork @danluu

      The main reason paid/vested matters more is due to multi-year sign-on bonuses/awards.

      1 reply 0 retweets 0 likes
    5. grork‏ @grork 24 Apr 2017
      • Report Tweet
      Replying to @BrandonLive @danluu

      Well people also use it to inflate. Also, stock today is not stock tomorrow so is a poor reflection, imho. Personally, cash is king.

      1 reply 0 retweets 1 like
    6. Dan Luu‏ @danluu 24 Apr 2017
      • Report Tweet
      Replying to @grork @BrandonLive

      IME, if you talk about a total comp number that's normal for mid-level engineers (L5 at FB/Google), ppl often think it's the inflated number

      2 replies 0 retweets 1 like
    7. Dan Luu‏ @danluu 24 Apr 2017
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      Replying to @danluu @grork @BrandonLive

      Even though it's common to see numbers like $170k salary, $100k+/yr stock for 4 years, $50k/yr multi-year signing bonus, plus misc bonuses

      1 reply 0 retweets 1 like
    8. Dan Luu‏ @danluu 24 Apr 2017
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      Replying to @danluu @grork @BrandonLive

      Again just IME, I'm much more likely to meet people who refuse to believe that comp is what it is today than ppl who name inflated numbers.

      1 reply 0 retweets 0 likes
    9. Dan Luu‏ @danluu 24 Apr 2017
      • Report Tweet
      Replying to @danluu @grork @BrandonLive

      With the ratio of stock/salary/bonus BigCos are offering now, annual total comp often converges to total outstanding unvested stock anyway.

      1 reply 0 retweets 1 like
    10. Dan Luu‏ @danluu 24 Apr 2017
      • Report Tweet
      Replying to @danluu @grork @BrandonLive

      Agree that I'd rather just get cash, but outside of Netflix not many non-finance companies will pay cash.

      1 reply 0 retweets 1 like
      Dan Luu‏ @danluu 24 Apr 2017
      • Report Tweet
      Replying to @danluu @grork @BrandonLive

      And finance companies usually leave most of comp as bonus, which is even less sure than RSUs -- bonus is totally discretionary (excl 1st yr)

      8:04 AM - 24 Apr 2017
      1 reply 0 retweets 1 like
        1. grork‏ @grork 24 Apr 2017
          • Report Tweet
          Replying to @danluu @BrandonLive

          IME ppl get into a pissing match using tot comp to inflate. I (probably incorrectly) judge how valuable a co sees you by base salary.

          0 replies 0 retweets 0 likes
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