> what’s the upside of giving a FAANG your all vs resting and vesting?'
Granted, the economy is very different than it was 5 years ago, but my very senior role at a startup paid about $185k w/no bonus, and 0.1% equity. 50+ hour weeks were the norm. We were acquired and I got $0 for the stock, but I did a $300k bonus (paid in 3 tranches over 18 months). I felt like I'd hit the lottery!
A couple years later, I joined a FAANG that paid me $100k just to walk in the door. Total pay, including stock ranged between $750k and $850k. My work week was 40 hours and I had so many fringe benefits and in-office amenities that I could never use them all. The work itself was also completely unfulfilling. I made it a few years before returning to a startup.
Granted, the economy is very different than it was 5 years ago, but my very senior role at a startup paid about $185k w/no bonus, and 0.1% equity. 50+ hour weeks were the norm. We were acquired and I got $0 for the stock, but I did a $300k bonus (paid in 3 tranches over 18 months). I felt like I'd hit the lottery!
A couple years later, I joined a FAANG that paid me $100k just to walk in the door. Total pay, including stock ranged between $750k and $850k. My work week was 40 hours and I had so many fringe benefits and in-office amenities that I could never use them all. The work itself was also completely unfulfilling. I made it a few years before returning to a startup.