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Explore Salaries and Equity at AngelList

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Re: Explore Salaries and Equity at AngelList

#41

Post by vecter »

noname123 wrote: post #30

According to Glassdoor: Sr. Software Engineer at Google, on average (sample size of 189) make $145K on average with $63K bonus for $200K per annum. So for an average equity of 1.125% for developer (according to angel.co) and average salary of $93K, a startup has to make a non-diluted exit of 8.56 mil on the first year, 17.1 mil on the second year and 25.6 mil in the third year to justify the opportunity cost. Of cour…

That's not taking into account other important factors:

    * Work on a new potentially game-changing product as part of the founding team
    * Join a small team where you'lll have more say in the production direction and company growth
    * Opportunity to grow responsibilities as the company grows
    * Gain startup experience and expand your network
    * Potential huge upside you'll never get at $150K/year + $50K bonus balanced by high risk of failure

Re: Explore Salaries and Equity at AngelList

#42

Post by momoro »

jasiek wrote: post #37
momoro wrote: post #32

Earlier quoted context omitted.

Added - thanks for the suggestion!

How about some european cities? London/Berlin?

Re: Non-US cities - we aren't keeping track of what currency job postings are in, so the data for non-USD job listings would be confusing. Some people are posting in USD, others in euros, etc.

For now, you can see what jobs we have in London, or anywhere else by going to angel.co/jobs and then filtering by location.

Re: Explore Salaries and Equity at AngelList

#43

Post by momoro »

gourneau wrote: post #4

Ah, I feel like I have been scooped. I have been working on the same thing. Except mine is a scatter plot with all 4,500 jobs at once, so use Chrome. No fancy searching yet. Check it out at http://labs.radiantmachines.com/al/

Cool! Hope you keep working on this. Lots of ways to slice this data.

Re: Explore Salaries and Equity at AngelList

#44

Post by walshemj »

nivi wrote: post #21

Hey, this is Nivi from AngelList. Please let me know if you have any questions. And please keep the comments coming. We are iterating on it right now.

are you going to internationalize the salary for non US locations.

£ for the Uk and Eros for the Eurozone countrys (BTW for some eu countrys you need to mention if you get the 13th Month or not)

Re: Explore Salaries and Equity at AngelList

#45

Post by momoro »

walshemj wrote: post #44
nivi wrote: post #21

Hey, this is Nivi from AngelList. Please let me know if you have any questions. And please keep the comments coming. We are iterating on it right now.

are you going to internationalize the salary for non US locations. £ for the Uk and Eros for the Eurozone countrys (BTW for some eu countrys you need to mention if you get the 13th Month or not)

We don't track of what currency job postings are in, so the stats for non-USD job listings would be confusing. Some people are posting in USD, others in Euros, etc.

It's something we should do.

For now, you can see what jobs we have in any location at angel.co/jobs (filter by location).

Re: Explore Salaries and Equity at AngelList

#46

Post by momoro »

psychotik wrote: post #3

A mobile developer with iOS skills makes 65k in San Jose but 90k+ in all the little cities around it. Something must really suck about San Jose. ;) Practically though, this exposes their underlying data source. Averaging across limite data sources can suck sometimes.

Thanks, good feedback. We cleaned up the locations.

Re: Explore Salaries and Equity at AngelList

#47

Post by ProblemFactory »

vecter wrote: post #41
noname123 wrote: post #30

According to Glassdoor: Sr. Software Engineer at Google, on average (sample size of 189) make $145K on average with $63K bonus for $200K per annum. So for an average equity of 1.125% for developer (according to angel.co) and average salary of $93K, a startup has to make a non-diluted exit of 8.56 mil on the first year, 17.1 mil on the second year and 25.6 mil in the third year to justify the opportunity cost. Of cour…

That's not taking into account other important factors: * Work on a new potentially game-changing product as part of the founding team * Join a small team where you'lll have more say in the production direction and company growth * Opportunity to grow responsibilities as the company grows * Gain startup experience and expand your network * Potential huge upside you'll never get at $150K/year + $50K bonus balanced by…

I've worked at both the "BigCo's" (including Google) and "cool new" startups. In summary, it is almost pointless to compare working at big companies and startups.

The variance within both groups is much larger than the differences between the groups. There are pretty good, and very boring big companies. There are amazing, and hugely terrible startups. To find something that you will enjoy you have to evaluate each opportunity separately based on your preferences, not choose a company size first.

All these "important factors" are as much of a marketing tagline as they are an actual benefit. In some startups they might be the case. Probably yes if you are employee number 1-2 but not 10-20, let alone 100-200. But in comparison to some other startups a big company may deliver more value for all of them.

Re: Explore Salaries and Equity at AngelList

#48

Post by jedberg »

danielweber wrote: post #26
outside1234 wrote: post #15

Earlier quoted context omitted.

I don't understand your statement about how 1% of 100,000 shares is different from 1% of 10,000. How is it different?

You reminded me of the startup I did where we would offer people 1% of the company, and the candidates would say "that's only 2000 shares. This other company is offering me 50,000 shares." It can get depressing trying to hire people sometimes.

Well there are two ways to go with that. You can keep your number of outstanding shares small, and then only hire people who are good at math. Or you can keep your number of outstanding shares enormous, so that you can offer people grants in the 100,000 or even million shares range, and get the people who are just looking for a lot shares.

Re: Explore Salaries and Equity at AngelList

#49

Post by levlandau »

ProblemFactory wrote: post #47
vecter wrote: post #41

Earlier quoted context omitted.

That's not taking into account other important factors: * Work on a new potentially game-changing product as part of the founding team * Join a small team where you'lll have more say in the production direction and company growth * Opportunity to grow responsibilities as the company grows * Gain startup experience and expand your network * Potential huge upside you'll never get at $150K/year + $50K bonus balanced by…

I've worked at both the "BigCo's" (including Google) and "cool new" startups. In summary, it is almost pointless to compare working at big companies and startups. The variance within both groups is much larger than the differences between the groups. There are pretty good, and very boring big companies. There are amazing, and hugely terrible startups. To find something that you will enjoy you have to evaluate each op…

Company size is still meaningfully correlated with certain facts and so the distinction ahead of time is meaningful despite the large variance within each group.

In other words, for various reasons (like learning, wearing multiple hats, building up a network, the desire to start a startup) it makes sense to decide ahead of time to work at a startup versus a big company. As long as you work with great people on a mission you are passionate about.

Re: Explore Salaries and Equity at AngelList

#50

Post by 31reasons »

jonathanjaeger wrote: post #13
31reasons wrote: post #12

1-3% equity for an employee of an early stage startup sounds ridiculously low. Are employees taking less risk than founders ? I think unless you pay salaries at standard market price they should be considered founders.

Wrong. There's a big difference between taking $20-50K less per year in salary and chugging away for years with little or no pay. Whether you're full-time as an entrepreneur trying to make a startup or slaving away in your free time, when you could be out partying, there's an inherent risk in time and money that is not the same as a simple pay cut.

In my opinion founders chug away for years with little or no pay because they love it. If someone think of it as a sacrifice towards achieving billions then they should be doing something else. You have to enjoy the process. Quantifying your sacrifices in "Fun" is harder than calculating your financial risks and I think equity should be based on that. Partying all the time is not a bad idea if you love it.
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