Re:GitHub Founders Will Own More Microsoft Stock Than Its CEO
by kjksf on Monday June 04, 2018 @11:58PM
(#17234876)
According to Glassdoor, average programmer salary at GitHub is $150k. That's hardly peanuts.
Bay Area overflows with job opportunities.
If those talented people would rather get a risk-free work at Google/Facebook/Microsoft for $250k, why didn't they?
Majority of software startups require just as much work, pay even less in base salary and their equity is worth $0 in the end, because the founders didn't create a valuable company.
You say employees got screwed because they worked hard and didn't make tens of millions.
I say they got supremely lucky.
A 0.1% of 7.5 billion is $7.5 million, which is more than you can hope to make from cushy G/F/M jobs and certainly more than you can hope to make from an average Bay Area startup.
The fact is that the multi-billion payday would not be possible, had they not convinced so many talented people to work for equity-peanuts. Kudos to them!