Re:My startup failed, then I found out I was unemployable
by talsodg on Tuesday April 13, 2021 @10:01PM
(#26802124)
Please note that 300k is great for early/mid-career but it is entirely realistic that you get to 800-1mm+ comp around ~10 years.
I haven't any other avenue for such high levels of comp at basically no risk (but some opportunity cost).
Re:My startup failed, then I found out I was unemployable
by the_only_law on Tuesday April 13, 2021 @10:03PM
(#26802142)
Is it really that realistic though? I’ve always heard that those salaries are extremely rare and that getting to those levels involves some extremely cuthroat competition.
For someone who doesn't want to spend their lives doing stupid shit like cocaine fueled parties and megayachts, at 100k USD (currently) buys you one life-changing event - basic lifelong security, you probably won't have to worry in the long run. At about 300k (currently) you can buy into a level of security that is probably resistant to major worldwide economic or political catastrophe.
If you want to change the world, say by doing an ethical capitalistic startup or meaningful nonprofit, you probably want to start with $5M all-in assets, it's unlikely to be easy to get there quickly on a 300k salary at a FAANG. You will want to roll the dice at startups paying you back in the 100k-150k range.