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0 pointsjedberg4y ago0 comments

FWIW as the first engineer he might have gotten 1% of the stock, which would be worth about $6M. If he's really that good, there is a decent chance his more secure job has paid that much in 7 years, especially if it was with a FAANG company.

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ergocoder4y ago

No way it is 6M. That is too low. I could have got that by joining stripe a few years back while enjoying high salary.

smartbit4y ago

No company in NL pays FAANG salaries. My former coworker‘s rate as external consultant is around €120/h.

nopzor4y ago

i think your math is off. 1% of the stock (assuming that's fully diluted at IPO) would be worth $60M ;-)

jedbergOP4y ago

I was assuming a 10x dilution since they took $845M in funding. :)

nopzor4y ago

10x dilution seems super high to me, even with 845m in funding.

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0 pointsjedberg4y ago0 comments

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ergocoder4y ago

No way it is 6M. That is too low. I could have got that by joining stripe a few years back while enjoying high salary.

smartbit4y ago

No company in NL pays FAANG salaries. My former coworker‘s rate as external consultant is around €120/h.

nopzor4y ago

i think your math is off. 1% of the stock (assuming that's fully diluted at IPO) would be worth $60M ;-)

jedbergOP4y ago

I was assuming a 10x dilution since they took $845M in funding. :)

nopzor4y ago

10x dilution seems super high to me, even with 845m in funding.

j / k navigate · click thread line to collapse