[vmception]

Finally

Too bad I dont know what theyre doing but Ive been really annoyed that I couldnt get FAANG compensation to write smart contracts, and thats the only kind of thing worth coding right now, from a purely market based perspective the market is saying write smart contracts and ideally get paid while learning/improving how to do so. Other Web2 organizations are not competitive in compensation. Bi-modal compensation paths.

Web3 organizations also have their own bi-modal pay scale, with Silicon Valley VC backed startups with pitiful startup compensation for unnecessary equity on one end, and higher base salary + token swinging organizations on the other end. Although there is an extremely high probability of the token compensation turning into annual million dollar compensation and the luxury of a much faster vesting period, its still not exactly on par with the guarantees of a FAANG compensation structure. Over the last 18 months it has gotten extremely close though!

But not good enough for me, since launching smart contracts individually is still way more lucrative but requires way more focus. Working for someone else doesn't require focus it just require showing up, while gaining public consensus and references on your skillset. so it would be nice to have all that downtime compensated but only if it was high enough.

If Google begins working on the right thing it’ll pull all the comp up.

[suprfsat]

Bit disingenuous to demand fiat currency to write smart contracts…

[vmception]

Bit self limiting to care. Liquidity is liquidity.

[IncRnd]

Perhaps, they were waiting for you to write your employment contract as a smart contract? Maybe they found it humorous that you wanted to be paid with state-backed currency?

[vmception]

What exactly do you think is happening here, that I went to these places with demands? I know what job roles are open and I know the compensation. I dont apply until they get more interesting, they are getting more interesting.

There are better jokes.

[exdsq]

The pay might not be at FAANG levels but they're still not badly paid roles & tokens instead of stocks means your share allocation is liquid which is nice.

FWIW, I'm in Palo Alto working for an Eastern European startup and not starving which I imagine is unheard of in any other space.

[vmception]

Yeah I’m aware!

Token vesting is fantastic and short! Months!

Early stage private companies being compared to FAANG compensation is a major market distortion!

Its basically base + bonus + 5-6 figures of equity/options and 6 figures of tokens at a prelaunch valuation!

Just need the base + total initial compensation package higher, and some of the formalities to match US tax circumstances.