[HN Gopher] Tech compensation is biased toward the long-term. Fi...
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Tech compensation is biased toward the long-term. Fine if you have
a long term
Author : KentBeck
Score : 6 points
Date : 2021-01-04 14:39 UTC (8 hours ago)
(HTM) web link (medium.com)
(TXT) w3m dump (medium.com)
| pmiller2 wrote:
| This seems to be less about "tech" compensation than "startup"
| compensation, on a first reading. The bits about having to wait
| for liquidity don't apply when working at a public company, and 4
| year vesting schedules don't matter very much when you can sell
| immediately, either. The only factor there is the 1 year cliff,
| which, for discounting purposes, is not very long relative to the
| 30 year timespans referenced elsewhere.
|
| I'm between the 2 examples: I'm not a 20 year old, and not a 60
| year old. I think I would still take the promise of a billion in
| 30 years, but, only if there were a reasonable floor to that
| promise. How high the floor would have to be depends on exactly
| what I'd be required to do to get it. In 30 years, I hope to be a
| few years into retirement, but still young enough that I'll have
| a decent amount of life expectancy left to enjoy it.
|
| This also means that, although I would be considered a senior
| engineer by now, I won't be looking to "cure cancer" with a 2
| year old startup, as one of the YC job ads on the front page
| suggests, simply because the risk of joining a 2 year old startup
| is so high, and won't pay off for such a long time that the
| future discounted expected return is far, far less than just
| joining a public company now.
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(page generated 2021-01-04 23:03 UTC)