[indoordin0saur]

Yup. The stories of old, where an engineer would grind for a decade then have a nice seven-figure payout to buy a home seem a remote memory. I'm not sure what happened because successful start-ups still exist and it seems like somebody is profiting off of acquisitions and IPOs.

[BrandonM]

Just to add a counterpoint, I was hired as employee #3 in 2011. In 2020, I was able to sell 5.8% of my stake for $200K (as part of Series C). In 2021, I sold another 4.4% for $500K (Series D on terms too good to refuse). I still hold equity or options in nearly 0.5% of the company (which is still private).

My wife and I used about half the proceeds of those sales to buy a house (cash offer) in late 2021.

I don’t know what proportion of early employees get screwed, but people who do well are usually smart to avoid posting publicly about it (and I am apparently an idiot).

[indoordin0saur]

> employee #3 in 2011

Maybe I'm bitter from getting burned but I don't think this is really counterpoint. Employee #3 you're just shy of being a co-founder and 2011 was an era where equity grants were real and companies weren't yet so clever about handing out Leprechaun gold.

EDIT: Random aside, but I looked up "leprechaun gold" and I guess the trope of a gold-like substance that disappears from your pocket when you're not looking is actually from Harry Potter and not a part of the traditional folklore.

[SpicyLemonZest]

It still happens all the time. It's just in an awkward in-between, where it's neither so uncommon that it's worth comment in news stories nor so common that most people in tech know someone who's gotten it. The Figma IPO surely minted dozens of millionaires, although I guess their lockup wouldn't be expired yet.