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Re:What I Wish I'd Known About Equity Before Joining a Unicorn by pinewurst on Wednesday January 18, 2017 @06:53PM (#13431641)
8 years of weekends, late nights, holidays and vacation for a net of $200K after taxes?

That's ~25K/year so if you would've worked a regular 40 hour week, 20 hours of contract work at anything more than $35/hour would have put you ahead. And you would've still had weekends, nights and vacation.

Re:What I Wish I'd Known About Equity Before Joining a Unicorn by superqd on Wednesday January 18, 2017 @08:58PM (#13432322)
Yeah, that's the calculation that bums me out too. It's one of the reasons I am somewhat loathe to ever put in too much "extra" time anymore. I enjoy being a part of a startup for more than just the lottery ticket aspect, I enjoy creating things from scratch, etc. But the days of burning the candle at midnight are gone.
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by pinewurst on Wednesday January 18, 2017 @10:44PM (#13432809)
In startups, man exploits man. At other employers, it's the other way around.
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by asanwal on Wednesday January 18, 2017 @11:54PM (#13433123)
Isn't the other way around still man exploits man?
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by pinewurst on Thursday January 19, 2017 @12:03AM (#13433170)
That's the point. :)
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by e12e on Thursday January 19, 2017 @01:50AM (#13433679)
To expand, it's a play on:

"Under capitalism, man exploits man. Under communism, it's just the opposite." which seems to be attributed (without any sources) to John Kenneth Galbraith:

http://www.quotationspage.com/quote/810.html

I've also seen it as "Under capitalism, man exploits man - under communism it's the other way around." I always assumed it was a translated Russian proverb, along the lines of: "No truth in the news and no news in the truth" (Major Soviet papers were "Pravda" (the truth) and "Izvestia" (the news).

Re:What I Wish I'd Known About Equity Before Joining a Unicorn by conjectures on Thursday January 19, 2017 @07:04AM (#13435102)
Enjoyed the sovietology fact :)
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by superqd on Wednesday January 18, 2017 @10:49PM (#13432835)
True words.
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by foo101 on Thursday January 19, 2017 @03:47AM (#13434176)
Can you explain the calculation to me? I am interested to understand the calculation so that I can perform similar calculations when I have two opportunities to choose from.

superqd mentioned he would have made $300K more (i.e. in addition to the fixed salary he was earning) if he had bought the options. I assume that after paying for taxes, he would have still made $200K. Since he worked for 8 years, this is indeed $25K of additional income for every year. If he worked for $35/hour for 40 hours/week for say 50 weeks in a year, his total income would have been 35 * 40 * 50 = 70K. How is this better than his original job which was probably paying him say $80K or greater than $80K as fixed salary every month? It sounds like it would have put him behind by at least $10K. What am I missing?

Re:What I Wish I'd Known About Equity Before Joining a Unicorn by pinewurst on Thursday January 19, 2017 @08:19AM (#13435509)
The >$35/hour number is incremental pretax income on top of his base salary, not a replacement for it.
Re:What I Wish I'd Known About Equity Before Joining a Unicorn by gejjaxxita on Thursday January 19, 2017 @06:36PM (#13440470)
A very similar calculation is why I left a startup recently and went into contracting. In many cases the realistic best case scenario from working at a startup isn't as good (financially speaking) as the non-startup alternatives. This leads many people to extremely optimistic assessments of what the future worth of the startup may be (worth > $1billion)

There are many good reasons to join a startup but if the financial motivation is the main one then it's probably not the best route.

Re:What I Wish I'd Known About Equity Before Joining a Unicorn by pinewurst on Thursday January 19, 2017 @07:29PM (#13440768)
I've worked for three startups, each fairly well-known at least at some weird level. Two early stage and one immediately pre-IPO. One of the early ones netted me nothing(1), while the other gained me ~$10K when they went public(2). The third was quite lucrative, and was the least demanding - by far - of life tradeoffs.

(1)Other than a feeling that I'd joined the Witness Protection Program when I fled after an engineering walkout.

(2)Offset by literally years of damaged self-esteem. Pedigree is heavily overrated - with one exception, all the famous people were pretty awful.

Re:What I Wish I'd Known About Equity Before Joining a Unicorn by katzgrau on Thursday January 19, 2017 @08:16AM (#13435489)
He just said that. Way to rub it in, bud.