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Why I'm leaving OpenAI and what I'm doing next

milesbrundage.substack.com

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Re: Why I'm leaving OpenAI and what I'm doing next

#4

Post by willsmith72 »

majestik wrote: post #2

TLDR - after 6 years his stock has vested and he doesn’t want to deal with the lack of safety investment anymore.

I never get it when people say something like "they're leaving because their stock vested".

Every big tech employee I know gets refresher stocks every year. Except for the first 2 years at some companies (looking at you Amazon), every year you are vesting significant stock, and whenever you leave, you're walking away from at least 3 years unvested. 4 years is like 5 which is like 6

Re: Why I'm leaving OpenAI and what I'm doing next

#7

Post by dboreham »

willsmith72 wrote: post #4
majestik wrote: post #2

TLDR - after 6 years his stock has vested and he doesn’t want to deal with the lack of safety investment anymore.

I never get it when people say something like "they're leaving because their stock vested". Every big tech employee I know gets refresher stocks every year. Except for the first 2 years at some companies (looking at you Amazon), every year you are vesting significant stock, and whenever you leave, you're walking away from at least 3 years unvested. 4 years is like 5 which is like 6

Early employees of a unicorn are a bit different.

Re: Why I'm leaving OpenAI and what I'm doing next

#8

Post by CaveTech »

willsmith72 wrote: post #4
majestik wrote: post #2

TLDR - after 6 years his stock has vested and he doesn’t want to deal with the lack of safety investment anymore.

I never get it when people say something like "they're leaving because their stock vested". Every big tech employee I know gets refresher stocks every year. Except for the first 2 years at some companies (looking at you Amazon), every year you are vesting significant stock, and whenever you leave, you're walking away from at least 3 years unvested. 4 years is like 5 which is like 6

The early grants are worth far more, especially so here.

Re: Why I'm leaving OpenAI and what I'm doing next

#10

Post by xmprt »

willsmith72 wrote: post #4
majestik wrote: post #2

TLDR - after 6 years his stock has vested and he doesn’t want to deal with the lack of safety investment anymore.

I never get it when people say something like "they're leaving because their stock vested". Every big tech employee I know gets refresher stocks every year. Except for the first 2 years at some companies (looking at you Amazon), every year you are vesting significant stock, and whenever you leave, you're walking away from at least 3 years unvested. 4 years is like 5 which is like 6

Typically it's said for companies that experienced massive growth in valuation. For example, if you got $400k in NVDA 4 years ago it would be worth $4M today. In order for your compensation to stay the same, you'd need to get a $1M refresh every year which is unlikely unless you got promoted to a VP position.
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