>How one retires at 25 when working at Google which is way past IPO and the 100x return on stock option which is only possible at the earliest stage?
Parent is not talking about Google employees caching on Google stock.
They're talking about acquired company founders, getting the acquisition money from Google and retiring (or having the money to do show) through their "exit", while living Google with shitty startup code, created in "startup mode" with no regard to the future, just to ship, patch it to get enough traction, and exit quickly.
>* How one retires at 25 when working at Google which is way past IPO and the 100x return on stock option which is only possible at the earliest stage?
levels.fyi reports a L4 averages $270k/yr at Google. Can sock away a whole lot of that pretty fast.
$270k in the Bay Area is not retirement at 25 money unless you’re that Googler living in a van in the parking lot, or your retirement plan is living simply in a poor country. It’s a fine living, to be clear, but in a high cost of living area you’re paying high rent until you can buy an expensive house, etc. and the American healthcare system alone means you need to have millions saved as a buffer against illness over that kind of timeframe (kinda hard to re-enter the workforce at 40 with cancer when you realize your cost projections were optimistic).
coldtea|2 years ago
Parent is not talking about Google employees caching on Google stock.
They're talking about acquired company founders, getting the acquisition money from Google and retiring (or having the money to do show) through their "exit", while living Google with shitty startup code, created in "startup mode" with no regard to the future, just to ship, patch it to get enough traction, and exit quickly.
rezonant|2 years ago
sweettea|2 years ago
levels.fyi reports a L4 averages $270k/yr at Google. Can sock away a whole lot of that pretty fast.
acdha|2 years ago