Perfect TC, remote job, but I want FAANG: am I crazy?

New bricked
Jun 6 44 Comments

I was a very early employee at a startup that was fully remote from the beginning. The startup did well, and now my comp is pretty high, ~800k. The 800k is based on the last preferred share price (Series E late stage), so a big part of it is still illiquid, but my base of 250k is pretty good and I have been able to cash out some of my equity as well through buybacks the company offers for early employees (last year’s W2 was around 900k). So not totally illiquid.

I live out of state and fly one week every couple months to the head quarter in the Bay Area. My living expenses are 30k/y (yes, you read that right): I share a nice 1bd apartment with my gf for 1k (split in 2) and spend about 2k a month for other discretionary expenses. I’m a pretty frugal person and the cheap location helps.

I am a productive engineer but my work has become very boring, I can barely stand it and feel like I’ve been here too long and stagnating (4 years), so I recently interviewed with FB and got an E5 offer (190k base, 15% bonus, 600k equity/4y, 100k signon) which seems fair for my 8yoe, but it’s tough to move to the Bay for a lower TC.

What would you do?

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TOP 44 Comments
  • Google comppdf
    You are crazy. Wait till you can cash out and retire.
    Jun 6 7
    • New bricked
      OP
      I’m in a relationship and no plan of having kids. If I need to pull the plug completely I want to have much more buffer. For one, if I quit I’d have to pay healthcare which is another 20k a year probably, and by quitting I’d be forfeiting social security due to having worked so few years. And if I quit I can’t jerk off all day at home so I’d have to increase my spending budget for traveling and stuff.

      So I’m fine with the 3% rule but I want to assume around 100k expenses, which brings me closer to the 4M I’m talking about.
      Jun 6
    • Amazon damned
      Geez is healthcare insurance really 20k a year in the US? Finding that hard to believe
      Jun 6
    • New bricked
      OP
      Yes, and it goes up as you get older. There is Obama care which subsidizes it but I can’t count on that being available for entire decades, which hopefully would be my remaining life span as I’m 32 now.
      Jun 6
    • Amazon Bill.
      For that pay outside of the bay, keep the job and if you are bored, slack off on it and start up something on the side that you are more interested in. Successful or not, your base income will keep you covered and your side project will keep your interest and develop in areas you prefer.
      Jun 6
    • Exabeam / Sales
      MeaU87

      Exabeam Sales

      PRE
      ZeroFOX
      MeaU87more
      Totally agree with this. Find a problem and fix it. Self fund your own startup and once you land 2-5 customers go for an A round and a CTO role and have fun from there!
      Jun 8
  • Apple BeachLife
    The grass is not greener. Stay put dude
    Jun 6 0
  • Goldman Sachs secdb
    The whole point of working for someone else is to retire early so that you can work on the things you want work on.
    Working for FAANG will take more hours in a day away from you, pay you much less and add several years to your retirement plan.

    TL;DR - Don't do it!
    Jun 6 2
    • New bricked
      OP
      The things I would be working on at FB are fundamentally very interesting to me (infra work) and I wouldn’t be able to work on those by myself (no scale), and my startup is solving problems too dull for that.
      Jun 6
    • Goldman Sachs secdb
      All of the FAANG is under anti trust investigation and mostly there will be a lot of serious regulation coming up in Tech sector like it did post 2008 in the finance sector.

      Think about the long haul, if you are really that interested in working for FAANG you can join them even when you have enough in bank to retire and the marginal value of money starts diminishing for you.

      FAANG and those problems are here to stay, the money in your bank will not and by walking away you are leaving money on the table.
      Jun 6
  • Amazon damned
    mind referring me to this startup. Sounds like it would be perfect.
    Jun 6 3
    • New bricked
      OP
      I don’t think they pay that much for new hires, there’s almost no risk anymore as the business is solid. I’ve heard new packages for swe are around 200k TC (like 150k base + 50k equity)
      Jun 6
    • AnchorFree / Eng 🍪 cookie
      It pays Bay area rates while being fully remote? Why doesn't it pay Asian/Russian/Indian rates?
      Jun 6
    • New bricked
      OP
      Fully remote in the US I meant. They’re not structured to hire workers from other countries.
      Jun 6
  • Nutanix / Eng lovedonuts
    Yes you are crazy! Stay put.
    Jun 6 0
  • Microsoft idknbd
    Yeah, you're crazy
    Jun 6 0
  • Amazon gaHQ11
    Crazy to jump.
    Jun 6 0
  • New / IT ew18
    Have you think about investing? I'd recommend real estate and good startup.
    Think about the future of the current company then decide. Or there is a path inside the company called intrapreneurship, you might create a product and get some shares, it will be challenging.
    Jun 6 1
    • New bricked
      OP
      I invest most of what I have in vanguard index funds and keep a bit of dry powder in municipal bonds to rebalance in when stocks go down, I’m comfortable with that.
      Jun 6
  • Cloudflare ahCQ01
    You already live pretty frugal plus have a solid amount of money saved up. It sounds like you are already pretty sick of your job so why suffer there. Come to fb do some good work and may be you can go remote again thru Facebook
    Jun 6 1
    • Facebook Ang3l
      Facebook doesn’t have a remote option. Can be worked out in rare cases but I have seen people leave FB because of no option to work remotely.
      Jun 7
  • Cisco VKFU58
    Crazy to even think leaving. Stay where you are. Find some new hobbies if you're bored.
    Jun 6 0
  • Twitch abcdefgz
    FAANG is all branding. it sucks to work in it unless you thrive on politics and a boiler room atmosphere.
    Jun 7 1
    • AnchorFree / Eng 🍪 cookie
      But who else pays the same TC range? High TC and high pressure, sounds logical to me
      Jun 9
  • Netflix zyNgn9
    What do you do? Come work for me! :)
    Jun 6 1
    • Netflix zyNgn9
      No response OP?!?
      Jun 8
  • Airbnb heyha
    Stupid move. I guess all fb e5 want to exchange job with you. Maybe 50% of e6 as well.
    Jun 6 0
  • AdRoll yyNA83
    What if you go to FAANG and they put you on something equally boring? Not everybody gets to do the cool stuff right?

    IMO coast at your current job, save money, and work on interesting side projects if you have the itch.
    Jun 6 0
  • AnchorFree / Eng 🍪 cookie
    Don't go FAANG, better start a new business, you can fund a new startup by yourself with that TC :) . Create a gaming company or something, stuff that would make you interested to work with. Or a social something, or blockchain :) .
    Jun 6 0
  • Microsoft Nudibranch
    Fundamentally I don't find the core products in FAANG to be very compelling. Most of what they're selling is advertising and entertainment. Yes, there is cool infra, but my next move will be to a company or organization that maybe can't do much for my retirement but whose core principles or product are important to me.
    Jun 6 2
    • New bricked
      OP
      That’s how I feel about my current startup. The product is super dull and the infra doesn’t require significant scale.
      Jun 6
    • AnchorFree / Eng 🍪 cookie
      Bricked, why don't you develop a side project, some product that you design and plan yourself? You can hire freelancers who'll be your team and help with all aspects that you can't code yourself. It can be super fun and satisfying (I work on a mobile game as a side project for example).
      Jun 9
  • Facebook / Eng vlMg30
    Is it Stripe, by any chance?
    Jun 6 1
    • Proactis / Eng
      SwiftUIGuy

      Proactis Eng

      PRE
      Harris
      BIO
      Software Test Engineer attempting to transition to iOS Engineer.
      SwiftUIGuymore
      I’m thinking GitLab
      Jun 18
  • Proactis / Eng
    SwiftUIGuy

    Proactis Eng

    PRE
    Harris
    BIO
    Software Test Engineer attempting to transition to iOS Engineer.
    SwiftUIGuymore
    Which startup is it?
    Jun 18 0
  • Uber bobaboi
    Where are you located?
    Jun 16 0
  • Move to NYC and double the expenses.
    Jun 10 0