top | item 40031955

(no title)

throwarayes | 1 year ago

Ugh yeah I turned down a job offer even from seemingly ethical and nice startup in large part because I’d be exchanging actual publicly traded RSU vesting in the future with equivalent in options.

It’s hard to trade in somewhat certain money for likely fictional Stock Options. Though I’d possibly trade RSUs from company A for company B.

There’s almost like a two tier employment system between those at FAANG or adjacent with actual likelihood of a healthy payout and those with options / lottery tickets.

discuss

order

cbsmith|1 year ago

> Ugh yeah I turned down a job offer even from seemingly ethical and nice startup in large part because I’d be exchanging actual publicly traded RSU vesting in the future with equivalent in options.

I did the same thing. The options were from a company that had just IPO'd named Google. You may have heard of it. ;-)

hibikir|1 year ago

Yeah, the gamble only pays off for a company that has a growth so strong, and a plan so safe that the downside is quite low. They have to give you more options because they know they are worse than RSUs, so the pay really can end up being higher than FAANG, but still with some gambling involved. Those companies exist (See, Stripe 10 years ago), but there are so few of those, it's harder to find them than just go to FAANG.