Re:What do great engineering managers need to know about com...
by 3bproblem on Sunday May 15, 2022 @09:59AM
(#31387610)
Yup and that's your prerogative, but practically speaking there are many people in the market who do put the expected value of their equity above $0, and they're going to present a retention risk if their total compensation inclusive of equity gets too low. Fwiw this problem exists for public companies too.
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Re:What do great engineering managers need to know about com...
by scarface74 on Sunday May 15, 2022 @10:17AM
(#31387699)
And those people don’t know the statistics of how rare it is for any company “succeeding” well enough for their equity be meaningful, how long it takes a company to have an exit (on average 7 years) or how brutal the IPO market can be during a bear market.
The majority of employees at startups have never experienced a bear market.
Re:What do great engineering managers need to know about com...
by 3bproblem on Sunday May 15, 2022 @01:14PM
(#31389012)
I hear you, although for better or worse teams somewhat need to manage to their employees' expectations and perceptions as well as the statistics on startup survival and liquidity. There's also a wide spectrum for the probability of a profitable liquidity event based upon scale, market, stability, etc...