Re:Finding Time to Invest in Yourself
by ninetax on Thursday January 16, 2020 @01:49AM
(#22062194)
Since no one threw out any percentages, I'll take a shot at it.
I think the first engineer employee should get 2-3%, next three should get ~1% each. Sam Altman has said he thinks the first 10 should get 10% total [1], so you could front load the early employees even more.
We're a long way from that. The offers I got were in the .02-.03 percent range with most of the standard terms. Not even a 10 year exercise window. This was as one of the first 5 engineers.
Why is it like that? Guess people can hire a sufficient number of engineers without offering more. Maybe with FAANG squeezing everyone out we'll see the numbers go up, I wonder if they've been going up already.
I was certainly disappointed with my equity offers, for that YC has said about rewarding early employees, I was expecting more. Oh well.
I think the first engineer employee should get 2-3%, next three should get ~1% each. Sam Altman has said he thinks the first 10 should get 10% total [1], so you could front load the early employees even more.
We're a long way from that. The offers I got were in the .02-.03 percent range with most of the standard terms. Not even a 10 year exercise window. This was as one of the first 5 engineers.
Why is it like that? Guess people can hire a sufficient number of engineers without offering more. Maybe with FAANG squeezing everyone out we'll see the numbers go up, I wonder if they've been going up already.
I was certainly disappointed with my equity offers, for that YC has said about rewarding early employees, I was expecting more. Oh well.
[1]: https://blog.samaltman.com/employee-equity