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Windsurf employee #2: I was given a payout of only 1% what my shares where worth

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Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#341

Post by justinclift »

Retric wrote: post #330
justinclift wrote: post #322

Earlier quoted context omitted.

Yep. And it's about 2% of my tax, which isn't noticable. Unlike getting anything more serious than a cold in an idiotic, backward country without public health care.

US is an outlier by spending 17% of GDP on healthcare requiring high insurance costs by 9-12% is common in most developed countries requiring not 2% of your taxes by ~10% of your income. https://en.wikipedia.org/wiki/Health_spending_as_percent_of_... Even in China you’re looking at 6% of income. Of course taxes aren’t evenly distributed, but 90k means enough income to be worth taxing without the political power to of…

Looking at that table you shared, it seems the US spends about 50% higher (17.2% vs 12.3% and less) than any other country on that list.

And it still has extreme problems for anyone with an illness more serious than (say) a cold.

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#342

Post by jahewson »

para_parolu wrote: post #180
sokoloff wrote: post #154

Earlier quoted context omitted.

$1M in one shot leaves you with around $600K after taxes in most states. That’s enough to pay you around $24-30k/yr. Unless you already had several other million saved already, I bet you’d be working again.

$25k/yr can be decent living in some places.

Not in any decent places.

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#343

Post by [deleted] »

0x00000000 wrote: post #323
thatfrenchguy wrote: post #288

Earlier quoted context omitted.

Are you the kind of person who refuses to go to the east bay or live next to middle class Asian Americans or Latinos? Because there are plenty of nice places for 3m 45 minutes from Palo Alto. Arguably you could get a house on the south side of the city and be 45 minutes from downtown PA by car or Caltrain.

i live in RWC

[deleted]

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#344

Post by Thorrez »

chasebank wrote: post #281
kstrauser wrote: post #225

Earlier quoted context omitted.

What kind of house had you been dreaming of? I live in SF, and even here $3M goes an awfully freaking long way.

I'm in Santa Barbara, CA. Good friend of mine just bought a shithole 3-2 1300sqft for $2.2m. $3M doesn't go very far considering 30 years ago it was retirement status almost anywhere.

Here's a $2M 4-3 2279sqft very-nice-looking home in Santa Barbara:

https://www.zillow.com/homedetails/5436-Agana-Dr-Santa-Barba...

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#345

Post by [deleted] »

0x00000000 wrote: post #233
kstrauser wrote: post #225

Earlier quoted context omitted.

What kind of house had you been dreaming of? I live in SF, and even here $3M goes an awfully freaking long way.

anything within 45 minutes of your office in palo alto (where you are mandated to show up 5 days a week). this will get you a 1300sqft piece of shit built in 1964 with asbestos and lead paint and lead pipes and a cracked foundation (also some dipshit realtor had them paint all the original wood beams and paneling inside gloss white and replace the original wood and slate floors with grey vinyl) from some baby boomer…

[deleted]

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#346

Post by ashdksnndck »

0x00000000 wrote: post #233
kstrauser wrote: post #225

Earlier quoted context omitted.

What kind of house had you been dreaming of? I live in SF, and even here $3M goes an awfully freaking long way.

anything within 45 minutes of your office in palo alto (where you are mandated to show up 5 days a week). this will get you a 1300sqft piece of shit built in 1964 with asbestos and lead paint and lead pipes and a cracked foundation (also some dipshit realtor had them paint all the original wood beams and paneling inside gloss white and replace the original wood and slate floors with grey vinyl) from some baby boomer…

Redwood City is 20 mins from Palo Alto and has a lot of houses for $1-1.5M. $3M means you are paying extra for something optional. It’s not the minimum requirement.

Lots of people are paying millions extra just to live up winding roads on a hill, where the commute is longer, and you need a geotechnical engineer to design your patio.

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#347

Post by [deleted] »

all2 wrote: post #310
kortilla wrote: post #294

Earlier quoted context omitted.

Pitching a 45 minute commute as as something as acceptable for $3 million is insane. It has nothing to do with class. That’s a shit life driving that every day.

I do a minimum of 2 hours a day. I think people in this particular conversation might be just a little divorced from reality.

[deleted]

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#348

Post by akshitgaur2005 »

K0balt wrote: post #328
justinclift wrote: post #313

Earlier quoted context omitted.

[flagged]

This. I moved in a developing nation with a GDP smaller than most US states. I have access to excellent modern healthcare and facilities, get more than 5 minutes in front of my doctor, often 1/2 hour+, and my (nearly 60 years old) health insurance is less than 75 usd a month. Covers 90 percent plus, including mental health, limited dental, and optical. The healthcare sector is private / public hybrid, profitable, and…

May I ask which nation?

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#349

Post by kome »

this is something that my feeble European brain will never understand: why people in American start-up keeps getting scammed with pseudo "private" equities, stock options, that are not on a market, and therefore cannot be priced? equities surrounded by very obscure (or no) legislation, that if you get fired or decided to leave you cannot keep. it just make no sense but americans loves them.

Re: Windsurf employee #2: I was given a payout of only 1% what my shares where worth

#350

Post by karmasimida »

xvector wrote: post #301
karmasimida wrote: post #171

Earlier quoted context omitted.

Not contracting. Let’s do a simple math. Assume this employee gets 5% of the company (which is super unlikely, but let’s go with it), that is 150m for what could be worth if OpenAI deal went through. 1% of that would be 1.5m. That is still 7 figure. But this person spent 3 years in a startup, which turned out to be a unicorn and super highly successful, and he bagged a FAANG salary man pay at the end of the deal. Bas…

It's bizarre to see tech bros, YC, and megacorporations kill the startup talent pipeline that they rely on so much. Who is gonna want to work at a startup in a non-founder role after this and Scale AI? This continuing degradation of, and flagrant disregard for social norms is destructive for society.

I think we would be back to historical norm, that startup will start falling behind in attracting talents.

The founders of Windsurf had already gotten their bags, they won't have to work a single day later in their life if they don't want to. The consequences will be bared by the ecosystem.

For the time being I think they are going to be OK, the labor market is employer friendly.

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