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Google Is Now a 'Tier Two' Employer, Says Recent Comp-Sci Grad

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Re: Google Is Now a 'Tier Two' Employer, Says Recent Comp-Sci Grad

#2
"For full time specifically, you get equity at a startup. If it IPOs, you make millions if you're one of the first 100-1000 employees."

Not really. You can make millions if you're a founder... As a regular employee you have more chances to make millions by going to Vegas than with stock options.

Re: Google Is Now a 'Tier Two' Employer, Says Recent Comp-Sci Grad

#5
post #2

"For full time specifically, you get equity at a startup. If it IPOs, you make millions if you're one of the first 100-1000 employees." Not really. You can make millions if you're a founder... As a regular employee you have more chances to make millions by going to Vegas than with stock options.

+1.

Brother was (fresh out of college) employee 20 at a company that IPO'd > $1 billion, and he got about $150k out of his options from 3 years of work. You have to get lucky to find a company IPOing enough to make you a millionaire.

Re: Google Is Now a 'Tier Two' Employer, Says Recent Comp-Sci Grad

#6
post #4
post #3

That's a common criticism of google; that everyone there is so educated and qualified, you have PHD comp sci people writing unit tests.

Would that be so bad?

Not in itself, no. I'd be happy to have a PhD writing unit tests for me, but if they're overqualified for that (which I think is the assumption we're making) I'd probably rather have them working on a harder problem.

I think the point is that it's not an efficient use of their skills.

Re: Google Is Now a 'Tier Two' Employer, Says Recent Comp-Sci Grad

#9
post #2

"For full time specifically, you get equity at a startup. If it IPOs, you make millions if you're one of the first 100-1000 employees." Not really. You can make millions if you're a founder... As a regular employee you have more chances to make millions by going to Vegas than with stock options.

And adjusted for risks, even founders earn slightly more than the wages they would otherwise had in Google.

I mean, the whole argument about "bigger money" at startups is more like a myth.

Re: Google Is Now a 'Tier Two' Employer, Says Recent Comp-Sci Grad

#10
post #2

"For full time specifically, you get equity at a startup. If it IPOs, you make millions if you're one of the first 100-1000 employees." Not really. You can make millions if you're a founder... As a regular employee you have more chances to make millions by going to Vegas than with stock options.

Are there any tech IPOs that made employee #1000 millions? IIRC Facebook only came close even if you ignore the "s", and Google "only" made hundreds of people millionaires.
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