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by mrgriscom
3080 days ago
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> Sorry to be snippy, but: Come on man, do I really need to explain this one? Sudden loss of employment is incredibly disruptive at best, and for many it's a significant financial hardship. If you're getting paid handsomely in cash, you should be able to weather that interruption. > So is Amazon. And they're offering Amazon equity, which is killing it recently. So, again, why would I take a job at a high risk venture if there's no potential lottery ticket? Amazon equity is publicly traded; you can buy as much of it as you want with any salary. |
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Two glaring issues:
1) What people should do and what they actually do are two different things. People should eat sensible portions of healthful food. And yet, we have an obesity epidemic.
Saying people (even among those with high salaries) should be able to weather an interruption isn't very helpful when in practice many can't [1].
2) Which startups can afford to pay people handsomely in cash? (early) Startups offer equity to employees in large part because they can't afford to compete on salary.
> Amazon equity is publicly traded; you can buy as much of it as you want with any salary.
It's on top of Amazon's fairly generous salaries. The comparison was between being given Amazon equity, which is obviously worth something, vs. a private company's equity which is almost always worthless.
Which non-unicorn startup is offering $250K+ a year in salary and bonus for a plain old software engineer?
1: https://qz.com/520414/the-high-earning-poor/