TOP 23 Comments
- 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.
- 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 81
- 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
- Google zzzyyxxxLol. 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.