Thoughts regarding this article?

Symantec O (1)
Mar 7 23 Comments

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TOP 23 Comments
  • Yeah, buying house in SF with “ipo contingency”
    Mar 71
  • Uber / Englil Blind
    NYTimes overrates the industry. Thousands of new millionaires? That’s gotta be off by a factor of 10. I would really be surprised if there is one thousand people who go from not millionaire to millionaire.

    I’d believe thousands will get six digits. And maybe a few hundred will be “minted millionaires”. Most receiving a million or more will have already been millionaires before this.
    Mar 89
    • Microsoft
      wyba qnbab

      Microsoft

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      Google, Amazon
      wyba qnbabmore
      Why do you say so? Say an employee joined Uber 4 years ago as a software engineer 2 and they got promoted to a senior, wouldn’t the stock make them 1m$?
      Mar 8
    • VMware BobbleHat
      MS. No. such a specific and odd example.
      Mar 8
    • Microsoft
      wyba qnbab

      Microsoft

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      Google, Amazon
      wyba qnbabmore
      Why is it odd VMWare?
      Mar 8
    • Uber / Englil Blind
      Your example employee would have just missed a million if it was 4 years ago today, as 2015 is when the Uber valuation went from 12B to 60B.

      If they got their comp at the 12B valuation and we’re hired at Eng 2 I’d guess they might just barely hit 1 million before taxes at IPO (Id guess about 150 engineers in that group at Uber) If that same person was hired a few months later they’d be looking at something like 600k by now (Id guess about 800 engineers in that group at Uber).
      Mar 8
    • DoorDash P7gw9j2ha
      These engineers probably got refreshers a few times as well?
      Mar 9
    • Uber / Englil Blind
      Im including that. The initial grant is about half
      Mar 9
    • VMware BobbleHat
      At this comp level, tax will take close to half.
      Mar 9
    • Marvell k8h5vh
      That’s still a chunk of change.
      Mar 10
    • Facebook public2
      You shouldn't be surprised, if you worked years in any tech gig you would have a couple million bucks. This is just a delayed payday for many of our friends. There will be thousands or even tens of thousands of new millionaires. The bigger issue is a million bucks isnt much anymore. A solid down payment on a house but few people will be changing their life style or in line at the Lamborghini dealership
      Mar 10
  • Cisco pj.thegame
    deservedly.. they have waited for soo long
    Mar 70
  • VMware BobbleHat
    Ya, all 500 of them are going to totally outbid the other 7 million people in the Bay Area. I mean, at least until the first one sells some stock and the price tanks.
    Mar 80
  • Microsoft
    wyba qnbab

    Microsoft

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    Google, Amazon
    wyba qnbabmore
    How much are the refreshers when you get promoted at uber from se2 to senior?
    Mar 70
  • Housing price to go up
    Mar 70
  • Symantec O (1)
    OP
    Expecting this summer to be crazy
    Mar 70
  • Google zzzyyxxx
    Lol. Thousands. Clearly the article is written by someone who has no idea how ipos go through and how many employees *really* cash out. Also, those quotes from realtors, yeah that should tell you the intention.
    Mar 101
    • Facebook public2
      Thousands is easily true, the reality however is working a few years and only making one or two million far from lifechanging.
      Mar 10
  • Facebook public2
    Super exicted for this and all of the ensuing drama.
    Mar 80
  • Airbnb / Engcaudex
    I wish I were a millionaire
    Mar 80
  • eBay Crumb
    Peasants.
    Mar 80

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