Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by akoumis on Wednesday April 10, 2019 @12:32PM
(#19626318)
You are being exploited. Do you get compensated 1.5x your base for all those 12 hour work days?
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Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by landryraccoon on Wednesday April 10, 2019 @12:49PM
(#19626502)
Making multiples of what the median American household makes, sitting in front of a computer, in an air conditioned office full of free food is being exploited?
I'm sure a lot of American workers are being exploited but I'm not.
Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by akoumis on Wednesday April 10, 2019 @02:09PM
(#19627289)
At most startups (with illiquid equity), TC adjusted for cost of living (assuming Bay Area) is probably not far from median American household. Employers take advantage of youthful zeal which prevents ICs from understanding their true worth to the business. After startup engineers reach the point where 12 hours days become unacceptable from a logistics standpoint (kids, burnout), what do they have to show other than enriching their founders? If they enjoy programming and would do it in their spare time, why not dedicate 8 hours towards their job and 4 hours towards a personal project with potentially much higher personal reward?
Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by landryraccoon on Wednesday April 10, 2019 @02:17PM
(#19627357)
> what do they have to show other than enriching their founders?
I don’t get it. Being debt free and having a big pile of money, and a body that still works since I haven’t been doing backbreaking manual labor?
Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by toomuchtodo on Wednesday April 10, 2019 @01:05PM
(#19626658)
So you recognize the abuse disparity. Good! You can then understand why people fight against abuse despite the complaints from the comfortable.
Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by landryraccoon on Wednesday April 10, 2019 @02:14PM
(#19627329)
I recognize that a lot of workers in America are exploited and abused. And I support policies to mitigate that. However, trying to associate myself with those or comparing my minor inconveniences to that of blue collar workers seems like it would be extremely spoiled and tone deaf given how exceptionally privileged the average tech worker is compared to blue collar workers.
Re:Startup Stock Options – Why a Good Deal Has Gone Bad
by phamilton on Wednesday April 10, 2019 @01:51PM
(#19627109)
On salary (not hourly) this is a useless question.
Say they make 100k/yr. With 40hr weeks that's roughly $50/hr. With 60 hour weeks and 1.5x base pay, you could say it's $20/hr. It's all the same.
What you seem to be asking for is for companies to pay you the same, just say your base is lower so they can pay you 1.5x you base for appearances sake.
Now, optics aside, if you take an offer with an expectation of 40 hrs / week and they make you work 60, then sure. That's exploitation. But if the expectations are clear upfront, "base pay" is just legalese.