San Francisco Spent a Decade Being Rich, Important, and Hating Itself

Re:San Francisco Spent a Decade Being Rich, Important, and H... by barry-cotter on Sunday December 22, 2019 @01:52AM (#21855685)

> I would be surprised if the number of millionaires minted from being an employee (not founder) at a private tech startup founded in SF was over 1000 over the last 10 years.

That would be roughly 100 a year. Y Combinator definitely funds more than a 100 startups a year, and it funds a small minority of all startups. Given that there were over 250 yet to IPO unicorns as of 2018 and Google alone made over 100 millionaires when it IPOed I think you’re off.

> Employees working at the big cos likely made much more depending on how long they held on to their RSUs than your average startup employee.

Most employee stock options are more akin to joining Stripe now than to joining a company that just left YC.

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Re:San Francisco Spent a Decade Being Rich, Important, and H... by tempsy on Sunday December 22, 2019 @01:56AM (#21855698)

Ok. So what’s a more realistic number?

Again if you’re granted .2% as a very early employee you will make low millions if it does IPO for over $1B. The 100th employee at that company is not making anything close to that, especially the non-technical ones.

Working at a unicorn and receiving equity does not automatically mean your grant is anything close to 1M. It completely depends on when you joined, job title, seniority, and whether it’s a technical role or not.

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