Earlier quoted context omitted.
No. I am not going to "shuffle things around". You are playing the hard to get, good for you. For my part, I have hundreds of other candidates to choose from.
I mean, you're both correct. It's kind of like how when selling a house your optimal strategy is rarely to try to appeal to the most people. Instead, modifications which greatly increase perceived value in a smaller subset (so long as it isn't too small for your personal goals) will alienate most customers but still increase the sale value in the same timespan. When you're applying for jobs, some companies aren't wil…
Show HN: Comparator - I built a free, open-source app to compare job offers
21–30 of 47 posts
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#22Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#23Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#24Earlier quoted context omitted.
I mean, you're both correct. It's kind of like how when selling a house your optimal strategy is rarely to try to appeal to the most people. Instead, modifications which greatly increase perceived value in a smaller subset (so long as it isn't too small for your personal goals) will alienate most customers but still increase the sale value in the same timespan. When you're applying for jobs, some companies aren't wil…
I haven't heard this about houses; any examples? Would it be something like replacing the kitchen?
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#25Earlier quoted context omitted.
While I think it’s good advice to live as if the equity is worth zero, treating all equity as if its worth nothing, seems a bit over-reductionist when equity packages can routinely be worth millions of dollars. Obviously it’s a crapshoot and should never be seen as a guarantee, I think treating it as zero is bit too far on the opposite extreme.
How did you get to equity packages being “routinely” worth millions when tech startups fail somewhere between 75% and >99% of the time (depending on estimates)? Seems far more likely that startup equity will be worth zero to typical individual contributor employees, not millions
I guess I didn’t think “routinely” implied a specific percentage, just that it isn’t uncommon for options to be worth a lot.
If even 5–10% of VC startups succeed, then it’s still worth considering the expected value of the equity when comparing job offers.
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#26Loved the initial loading animation. You should also launch this on Peerlist Launchpad, many devs gonna love it.
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#27Y'all are getting multiple job offers?
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#28I am too dumb for this. I get a salary and maybe a bonus. I never worked at a company that gave stock or options. When I do I will share the offers to someone that understands this. But I will most likely choose the company that shares my values and ignore the payout (unless it's realky a bad pay)
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#29Earlier quoted context omitted.
How did you get to equity packages being “routinely” worth millions when tech startups fail somewhere between 75% and >99% of the time (depending on estimates)? Seems far more likely that startup equity will be worth zero to typical individual contributor employees, not millions
Of course most startups fail, and most equity is worth nothing. I guess I didn’t think “routinely” implied a specific percentage, just that it isn’t uncommon for options to be worth a lot. If even 5–10% of VC startups succeed, then it’s still worth considering the expected value of the equity when comparing job offers.
You're deluding yourself here. On average, the vast, vast majority of equity options, _especially_ in the VC backed tech world, turn out to nothing for the employee.
You literally built a tool because there's so many variables, and in the majority of cases, all these variables do not align in a way that results in a payment.
This is almost the literal definition of "uncommon". It is uncommon for options to materialise into a large amount of value for employees.
I respect your tool, and I respect what you're doing. But you need to be honest with yourself and the rest of the world. If you want to help young or new people in this area, then don't perpetuate the myth that startup tech company options are statistically any better than a lottery ticket.
Re: Show HN: Comparator - I built a free, open-source app to compare job offers
#30Very cool. Even if it's hard to model future valuations with any certainty, I would still want to have a tidy comparison like this.