Many people believe, and I think I once believed, that equity rounds to zero. I think this rounds to true at the seed stage, but the vast majority of equity grants (by count) are at companies which have been materially derisked. It is a really bad idea to value those grants at 0
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Also to tiptoe up to a line here: remember every time you hear numbers discussed publicly that you’re hearing the numbers that people are comfortable discussing publicly. You are not hearing the top of the range. (Same for basically every Glassdoor article, HN thread, etc.)
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For comparison, my total comp from 8 years at Amazon was $2.1M starting from entry level SDE-1. “Only” $250K of that came from stock appreciation (85% of it in the last 2 years). Progression starting 2011: 75K, 120K, 150K, 185K, 230K, 393K, 467K, 511K.
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My progression might have been a bit higher than average, but not by much. And the only thing it was contingent on was doing a decent job and not getting fired. (I didn't work >40hrs a week for the last 5 years).
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