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by paxys 1191 days ago
Say two employees join the company today – one with 30 years of industry experience and another right out of college – would they get the same equity? What about someone joining as a VP and another one a support tech? According to the founder they should all get the same, because they are taking the same amount of risk. But is that really the case? What about bonus targets? Commissions? And all other forms of compensation?

My guess is the answer to all of them is no, and stock comp, bonus etc. all vary wildly based on title, job description, location, industry experience and all other standard criteria used industry-wide. And if that's the case then despite the standard $190K base salary the actual comp distribution among their employees is going to look exactly like that at other companies despite all the PR.

1 comments

You would be guessing wrong. If it helps to understand Oxide a bit: we have had ~2000 applications and we have 60 employees (a level of oversubscription in part because of this very blog entry, published in 2021). It is exceedingly unlikely (though not impossible) that we would hire someone straight out of school, and one of the surprisingly challenging things at Oxide has been turning away people who could quite potentially be terrific contributors.