Ask HN: Pros and cons of working at a startup in 2018?

Re:Ask HN: Pros and cons of working at a startup in 2018? by dmode on Monday June 11, 2018 @06:14PM (#17289094)

I didn't say median. I said it is L5-L6 comp, which doesn't make it a median as I assume most engineers will be in L1-L4 band. That said, it is not an outlier either. And won't be surprised is 20-30% of engineering and PM orgs are making that money.

Also, Uber and Airbnb gives RSUs which are not paper money. I am confident that an IPO for both these companies are inevitable.

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Re:Ask HN: Pros and cons of working at a startup in 2018? by toephu2 on Monday June 11, 2018 @06:32PM (#17289206)

RSU's in a company that hasn't gone public are not very liquid... not paper money, but definitely not worth face value. Take that value and cut it in half or 1/4.

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Re:Ask HN: Pros and cons of working at a startup in 2018? by philsnow on Monday June 11, 2018 @07:06PM (#17289393)

You picked .5 or .25 as the multiplier. If it's still 2-5 years until a public offering, it's also quite possible for the multiplier to be closer to 1.5 or 2.

Everybody has a different assessment of how likely each outcome is, so everybody has a different expected value.

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Re:Ask HN: Pros and cons of working at a startup in 2018? by dunpeal on Monday June 11, 2018 @07:00PM (#17289364)

Still a lot better than stock options in a startup that isn't even close to liquidity.

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