Other challenges to SV’s preeminence are more fundamental than the tech diaspora

Re:Other challenges to SV’s preeminence are more fundamental... by WalterGR on Sunday March 21, 2021 @04:04AM (#26528871)

Yeah? On paper, 401k, or elsewhere? Where have they worked and for how long?

Because in my experience, the “everyone who works at a FAANG is a multi-millionaire” meme is 100% bullshit. Especially when I read things like https://news.ycombinator.com/item?id=26336029

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Re:Other challenges to SV’s preeminence are more fundamental... by opportune on Sunday March 21, 2021 @03:32PM (#26533160)

I never said everybody is, but I do think most people who have been at FAANG or companies that pay in the same ballpark like trendy late stage pre-ipo companies for 10+ years are or are close (especially if we define multimillionaire as >2m networth including 401k and house equity, and include household wealth for married couples).

My other comment you linked I still stand by. But you don't need to be IC6/L6/E6, refreshers and equity appreciation are very powerful if you are lucky enough to get both.

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Re:Other challenges to SV’s preeminence are more fundamental... by astrange on Sunday March 21, 2021 @04:26AM (#26528961)

What company uses the scale in this comment? (IC5 IC6 IC7 etc)

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Re:Other challenges to SV’s preeminence are more fundamental... by Zanneth on Sunday March 21, 2021 @04:38AM (#26529007)

At least Apple does. I'm not sure if other companies use it as well.

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Re:Other challenges to SV’s preeminence are more fundamental... by astrange on Sunday March 21, 2021 @04:50AM (#26529055)

It's not the Apple scale though. I mean, it looks like it, but the details are different.

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