[pc86]

> in total compensation offers amortized over four years.

Which is an incredibly disingenuous way to phrase it. As a new graduate you can't pay rent with stock grants that vest in 48 months.

The value of $1 worth of stock 4 year from now is work a small fraction of $1 in someone's paycheck today, especially when they're just starting out. That $120k "in coastal cities" (just say NYC/SF) is closer to $75-80k in cash compensation, before discretionary bonus, which means in San Francisco you've got a 2-hour one way commute from your studio with 4 roommates.

And what's the average tenure of someone at a tech company these days? A year and half, maybe two? So your 4-year average compensation including stock grants, discretionary bonuses, free beer and catered food, etc is still well above average when you consider many people won't get half of what needs to vest.

[hlc]

Almost all new grad offers vest 25% of equity in one year, then it is typically monthly, quarterly at most.