News for hackers. Stuff that matters.

A comment on There’s no such thing as “a startup within a big company”. Parent comment

Re:There’s no such thing as “a startup within a big company” by BurningFrog on Thursday February 18, 2021 @10:09AM (#26180656)
> the median startup option package was exercised for a profit of $30k

That must be one of those cases where "median" and "average" are very different.

[ Parent | on HN ]
Re:There’s no such thing as “a startup within a big company” by lotsofpulp on Thursday February 18, 2021 @11:18AM (#26181697)
There are many different kinds of averages. Median average, arithmetic mean average, geometric mean average, mode average.

People frequently, and intentionally when it comes to politics, use the word average to muddy the information and evoke whatever emotion they want rather than specify the type of average.

[ Parent | on HN ]
Re:There’s no such thing as “a startup within a big company” by htrp on Thursday February 18, 2021 @01:32PM (#26183624)
^ This guy stats...

In non normally distributed populations, the average is misleading because of skew at either end of the curve.

[ Parent | on HN ]
Re:There’s no such thing as “a startup within a big company” by onion2k on Thursday February 18, 2021 @11:07AM (#26181542)
Which is exactly why you should look at the median.
[ Parent | on HN ]
Re:There’s no such thing as “a startup within a big company” by BurningFrog on Thursday February 18, 2021 @12:12PM (#26182511)
The median won't tell you the difference between 20% chance of making $1k and $1M.
[ Parent | on HN ]