Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by kgwgk on Thursday March 09, 2023 @04:47AM
(#35079750)
> Happy to hear the startup reward structure still makes sense in 2023.
At least for people who joined a successful one ten years ago.
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by nl on Thursday March 09, 2023 @05:26AM
(#35079921)
Also worth noting that in today's market a company like Stripe isn't paying significantly below market rates, so there's not huge downside in that regard.
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by bradleyjg on Thursday March 09, 2023 @08:17AM
(#35080848)
Companies like stripe today or companies like stripe just after its series B?
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by nl on Thursday March 09, 2023 @05:10PM
(#35087511)
Both.
After Series A most should be paying competitive salaries.
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by bradleyjg on Thursday March 09, 2023 @06:01PM
(#35088067)
Just so I understand correctly, levels.fyi is saying that a Google L5 offer in a HCOL city is around $200k/$100k/$30k right now. If we are very conservative and value the RSUs at 75% that’s still $305k total.
Are you saying the cash component of post series A offer should be competitive with $200k, $230k, $305k, or $330k?
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by pcthrowaway on Friday March 10, 2023 @02:47PM
(#35099861)
I don't know why you didn't just look it up, you were right there. Stripe pays about the same as google if you just consider base+bonus, much more if you consider stock.
Of course it's not a fair comparison because google stock is liquid
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by bradleyjg on Friday March 10, 2023 @03:00PM
(#35100058)
We aren’t talking about stripe, we are talking about just post series A companies.
The question is whether it is a no brainer to work for such a company because you get a competitive offer plus lottery tickets.
My sense is that this isn’t true. The claim of competitiveness is setting to zero the value of liquid google RSUs. But I’m open to being corrected.
It sounds mistaken, but exponential curves are hard to reason about.
50 x $15m + 100 x $5m = 1.25B post-tax, so probably north of $1.7B pre tax. Stripe had a post-money valuation of $10B+ in March 2021, so that’s around 15% of the company. I guess that’s in the right ballpark.
Hmm. Thank you for the concrete numbers. That’s a nice payoff for four years of work, even if you do have to wait ten years for it.
Happy to hear the startup reward structure still makes sense in 2023. In that case, it might be a good idea to join one that seems promising. The payoff is rare, but it’s a lot less rare than the lottery: there have been n YC startups, so the odds are around 10 in n. And I think n is something like 2k to 5k. (Edit: yeah, 4k according to Wikipedia.)
1 in 400 chance of $5m is still pretty low odds, though. But you do learn a lot, and you meet a lot of people that have a higher than average chance of being a future founder, so the benefits still seem to make sense. Interesting.