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by cloogshicer
2703 days ago
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I disagree a bit here. Of course, salary is very important, but I (and many people I know) would easily choose (and have chosen) a lower salary for any combination of these perks: - Work fewer hours - Work from anywhere - Work in a specific location - Work in a certain environment - Work in a specific kind of organization - Work with specific technologies - etc. People are very different and have very different wishes and needs. Salary isn't always priority #1. |
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The YC startup I worked for got acquired recently. I was employee #38. I've still made more in RSUs working at a big tech company than I would have made had I stayed the full four years and vested all my options. In fact I got a bigger RSU award this year than what I got from my stock in the acquisition.
Startups would be well-advised to hire fewer people, get rid of under-performers quickly, and reserve an extra slice in the cap table for really high performers. If someone comes along that creates entire new features on their own initiative (features still featured prominently in your marketing) then may I suggest you continue to award that person either their initial grant or half (depending on how much it was) on a yearly basis? Even if that means you skip an extra hire that year you'll still come out ahead, both by keeping your high performer happy and by saving the extra salary.
(I want to be clear: The founders were well within their rights to deny my requests for more options and I hold no ill will toward them. It was their business, not mine, and they were free to run it however they wanted.)