News for hackers. Stuff that matters.
Re:How Silicon Valley CEOs conspired to drive down tech engi... by jazzyk on Friday January 24, 2014 @04:54PM (#7118374)
Ah, yes the "get rich through stock options" myth again. It is funny how everyone uses Facebook and Google as examples not realizing that they are pretty much unicorns. The truth is that 7 out 10 start-ups fail, and your options will be close to (or completely) worthless. Even if your start-up does well, are you really going to get rich with your 0.05% share of the company? Except for VP Eng or CTO positions, it is rare that anyone in development gets more than 0.5% of shares. Which are diluted at every round of subsequent VC round.

There are no comments on this comment yet.