Yep and you also can learn to deliver products at scale.
For me the main reason I took a FAANG job was to get enough money that I can chill for a couple years and build a failed startup ;). (And hopefully meet many smart people work with on it.)
Re:YC’s $500k Standard Deal
by ricardobayes on Monday January 10, 2022 @01:46PM
(#29879542)
That's very much true, even though I had an exit, if I could turn back the wheels of time, I would have spent a few years in a FAANG job. Way less stressful and you (can) have exposure to startup culture anyway there.
Millions in 4 years? Damn, can you give me a rough calculation on how this happens?
Senior offers from Facebook in Seattle are nearing $500k/y total comp.
But that doesn't get you to millions (plural, post-tax) in 4 years...
Re:YC’s $500k Standard Deal
by onlyrealcuzzo on Monday January 10, 2022 @02:13PM
(#29880092)
Depending on your spending and your return on investments, it easily could have in the last 4 years...
House prices (on 5:1 leverage) are up >100% THIS YEAR.
The S&P is up ~30%.
You need a ~20% return saving ~$300k per year to get >$2M in 4 years. This wasn't terribly difficult to get in the last 4 years.
Who knows what the future will bring.
Re:YC’s $500k Standard Deal
by MikeTheRocker on Monday January 10, 2022 @01:59PM
(#29879812)
As an example, IC5 engineers (~5+ years of experience) can realistically earn $350-450k USD per year at Meta these days.
Disclaimer: I work at Meta
Re:YC’s $500k Standard Deal
by onlyrealcuzzo on Monday January 10, 2022 @02:02PM
(#29879863)
You could also do this at IC4 / L4 at Google - depending on how good your initial grant was. Appreciation has been high.
I'm an L6 at Amazon and I'm not sure if millions are possible in 4 years, but the replies are right in that you get close to a million. RSUs, investing back into the socket market etc etc gets you there.
It's quite easy to do it in 4 years or less now.
At current pay rates and stock growth rates, you have to be VERY optimistic to turn down a FAANG job.