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Our $100M Series B

oxide.computer

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Re: Our $100M Series B

#31

Post by diggan »

NewUser76312 wrote: post #27
mrcwinn wrote: post #13

Everyone at Oxide makes the same salary: >We decided to do something outlandishly simple: take the salary that Steve, Jess, and I were going to pay ourselves, and pay that to everyone. [ https://oxide.computer/blog/compensation-as-a-reflection-of-... ] Does everyone at Oxide have the same equity grant?

Of course not, what's the purpose of asking such as silly question? Are you being snarky and suggesting that employees deserve the same upside that founders deserve?

> Of course not, what's the purpose of asking such as silly question?

How is it silly if they already do that for salaries? Co-ops with equal ownership isn't unheard of, and isn't silly at all.

Re: Our $100M Series B

#32

Post by calvinmorrison »

atonse wrote: post #22
setheron wrote: post #8

Isn't Oxide kind of like Oracle now building polished vertically integrated monster machines ? A bit humorous from that perspective given Cantrills dislike for Larry Nevertheless cool company and product.

Isn’t the main issue with Oracle the aggressive sales and exploitation of captive customers?

I'd assume oracles main issue is that personal-computers-on-steroids as servers mostly won, and we don't all need AS/400 or mainframe architectures. 99% of problems can be solved with practically commodity hardware and software.

Re: Our $100M Series B

#33

Post by sneak »

NewUser76312 wrote: post #27
mrcwinn wrote: post #13

Everyone at Oxide makes the same salary: >We decided to do something outlandishly simple: take the salary that Steve, Jess, and I were going to pay ourselves, and pay that to everyone. [ https://oxide.computer/blog/compensation-as-a-reflection-of-... ] Does everyone at Oxide have the same equity grant?

Of course not, what's the purpose of asking such as silly question? Are you being snarky and suggesting that employees deserve the same upside that founders deserve?

That isn’t a snarky position; early employees in high output orgs like this generally work just as much as founders do.

The founders aren’t really taking on that much more risk than the rest of the early team; it’s the VC’s money, not theirs.

I absolutely don’t agree with the idea that employees deserve the same upside as founders (because I think initiative and persistence against adversity/inertia is insanely rare and valuable and should be rewarded immensely), but it is not an insane proposition.

It’s especially popular among people who think the actual work output is more important than the leadership initiative. Both are obviously essential, and founders do both, while employees do only the first (or they’d be founders themselves).

Re: Our $100M Series B

#35

Post by Sparkle-san »

atonse wrote: post #22
setheron wrote: post #8

Isn't Oxide kind of like Oracle now building polished vertically integrated monster machines ? A bit humorous from that perspective given Cantrills dislike for Larry Nevertheless cool company and product.

Isn’t the main issue with Oracle the aggressive sales and exploitation of captive customers?

They don't call oracle "a law firm with a software division" for no reason.

Re: Our $100M Series B

#36

Post by colesantiago »

Lots of praise not much skepticism, so what is the exit here?

$100M is a lot of money investors want to see returned of the total amount raised of almost $200M?

Remember Oxide is VC backed so there must be some strings attached here, is it an IPO or an acquisition for an exit or just staying private?

Re: Our $100M Series B

#37

Post by ekianjo »

illegalmemory wrote: post #20
mrcwinn wrote: post #13

Everyone at Oxide makes the same salary: >We decided to do something outlandishly simple: take the salary that Steve, Jess, and I were going to pay ourselves, and pay that to everyone. [ https://oxide.computer/blog/compensation-as-a-reflection-of-... ] Does everyone at Oxide have the same equity grant?

They have since updated it slightly > Since originally writing this blog entry in 2021, we have increased our salary a few times, and it now stands at $207,264. We have also added some sales positions that have variable compensation, consisting of a lower base salary and a commission component.

so basically everything converges to having specific reasons to have different salary schemes.

Re: Our $100M Series B

#38

Post by shortrounddev2 »

NewUser76312 wrote: post #27
mrcwinn wrote: post #13

Everyone at Oxide makes the same salary: >We decided to do something outlandishly simple: take the salary that Steve, Jess, and I were going to pay ourselves, and pay that to everyone. [ https://oxide.computer/blog/compensation-as-a-reflection-of-... ] Does everyone at Oxide have the same equity grant?

Of course not, what's the purpose of asking such as silly question? Are you being snarky and suggesting that employees deserve the same upside that founders deserve?

Salary and equity have nothing to do with what you "deserve", only what you're able to negotiate.

Re: Our $100M Series B

#39

Post by ghaff »

bcantrill wrote: post #17
kensai wrote: post #6

All the best! I personally came to know Oxide for their cool RFD culture. It's worth a read: https://rfd.shared.oxide.computer/ Start from RFD 1 ;)

Just because it's hopelessly on-brand for us to offer up a podcast episode for everything, you may also be interested in our Oxide and Friends episode on RFDs with our colleagues Robert Mustacchi, David Crespo, Ben Leonard, and Augustus Mayo.[0] [0] https://oxide-and-friends.transistor.fm/episodes/rfds-the-ba...

I need to dive back in. Lots of distractions recently.

Re: Our $100M Series B

#40

Post by cpach »

setheron wrote: post #8

Isn't Oxide kind of like Oracle now building polished vertically integrated monster machines ? A bit humorous from that perspective given Cantrills dislike for Larry Nevertheless cool company and product.

To me they are much more similar to Sun than Oracle (before the latter aquired the former).
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