This is a thread that I would encourage employees at startups to read; it is under appreciated how much of the value of equity compensation is contingent on the company being a breakout success. (Also underappreciated how many folks end up getting grants at breakout successes.)https://twitter.com/jackiehluo/status/1110961230083022849 …
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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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I think there's a professed/observed value issue here. Even with all the talking about valuing options at $0, the observed behavior of SF folks seems to be to overweigh the value of options.
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As a result, we have an interesting situation where the discourse might lean towards more negative than the truth, but people's over-optimistic behavior makes even more of that negative discourse perhaps a net good.
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I think the bigger problem are people new to startups that mistakenly value equity at the same value as real compensation at the A/B stage. This is due sometimes to naivete but other times based on a 'valuation' from a recent round.
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Nuance and financial literacy is hard. On a day to day basis cash comp has a big impact on quality of life. Long term, equity reigns supreme though.
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