top | item 46445616

(no title)

suzakus | 2 months ago

OpenAI doesn't offer traditional rsus (at least to regular employees?), but instead profit sharing units.

https://www.levels.fyi/blog/openai-compensation.html

Might change how you evaluate the value here.

discuss

order

kristianc|2 months ago

The value of any traditional RSU is to treat it as a nice bonus if you get it, so not so much different from any other stock or option package.

SOLAR_FIELDS|2 months ago

I don't think this way at all. RSU (for public companies) is real, tangible money. Sure, there is some amount of risk involved with it, but it is WAY more tangible than options than can just be diluted if the person with the cap table is feeling ornery that day. The key that makes RSU's real money is their immediate liquidity on award, so you can literally just treat them as cash compensation in this regard if you decide not to hold them.

When you work at BigCorp for an extended period of time, your salary often ends up being majority by RSU as the vest rolls start to stack up

hn_throwaway_99|2 months ago

Most private companies don't offer RSUs.

dasil003|2 months ago

This is not true. Most fast-growing private tech companies with valuations a fraction of OpenAIs switch from ISOs to RSUs because exercise costs start to become prohibitive.

Of course they aren’t liquid yet, but they’re still RSUs, and it’s much more common than OpenAIs profit shares structure