achandra03
6 hours ago
If you're a founder with a significant equity stake in your company then by all means, go balls to the wall. It's pretty dumb to expect employees with a significantly more capped upside to do the same.
noitpmeder
5 hours ago
Agreed in general, ties in with something I've been mulling over.
I'd honestly like to be able to put more effort into my job, but as a salaried engineer extra effort doesn't pay off on its own. I have to spend more effort making sure it's seen come bonus/raise time, since my outcome is largely dependent on what my boss thinks of me, not what I've actually produced.
Founders get a much more direct line to work and outcome -- but I guess they trade stability, and maybe even the perception game just shifts to investors.
steveBK123
5 hours ago
I've done a few types of jobs myself and unfortunately not really found offer frameworks that look like "capped downside and uncapped(ish) upside" based on performance.
Ideally what many senior engineers are probably looking for is - I can live on 50-75% of my TC a few years without setting myself too far back, and I'd work really hard on an interesting project that has a >25% chance of rewarding me 2-4xTC. It is not too expensive to roll that dice, and I have a reasonable chance of hitting in one career.
Instead we get a lot of lottery ticket profile things that are like "1% chance of 1000xTC". The EV looks good, but you don't get enough rolls of the dice for that 1% to pay off in a single lifetime let along career.
repparw
4 hours ago
a unicorn like you're mentioning isn't linear. a 1% 1000x business probably can stop along the way when you reach a TC you're comfortable with, that you have a 1% of hitting that 1000x doesn't mean you don't have a 25% of hitting 2-4x with the same idea before. There's a lot of people who made their money by bootstraping business 0 to 100k, etc, and selling. (There's also people who center on buying 100k business and growing it to the million stage... and so on)
steveBK123
3 hours ago
That sounds like being an actual founder though in which case downside is large. 0 (or negative) TC because you have no profit and you are bootstrapped.
NorthSouthNorth
5 hours ago
Yeah - the only time it's worth it is if you're also learning. I volunteer extra time when a project really teaches me something new (or there's some fire and we need all hands, but that's rare).
This year I had the chance to learn IaC and generally using AWS through a project, but I had to donate a bunch of my time learning. Now that's 2 things I can claim I have worked with in production. But fixing bugs and general dev work, no thanks.
alskdfqlkj
an hour ago
Maybe, maybe not. The older I get the less I agree with your point of view. As a rank and file employee, your time horizon is much longer than your tenure at your current company, it's the length of your whole career. All it takes is one very good outcome, and how you behave and perform at your current job will impact how many opportunities you get in the future. Some of my best coworkers from ten years ago are now sitting on eight or nine figure equity packages at the big AI labs. You want to position yourself to get those opportunities yourself.