Does this mean any SWE who joined even a month before IPO is a millionaire? What is going on with this market?
lol who cares what it’s at now. I’m sure it will see a huge dip after lockup and the rest will depend on how we execute in the coming years. Can’t get too excited yet
^ this
Was going to say, too, if you joined right before, don't you still have the 4 year vest?
And being a millionaire doesn’t mean you can live like one. Imo you have to be making $5-10m a year after taxes to actually live the lifestyle of a millionaire. Anything else and you’ll be living really comfortably but not balling out like a rapper or pro athlete
I would still be a million ahead than not regardless if you spend it or not. 1.2M in RSU is better than 300k in RSU no matter how you look at it.
Yeah I get that but I’m just saying this so people don’t make being a millionaire a bigger deal than it is. In the long term, a lot of people can be multi millionaires if they invest probably
I had an email to join DoorDash from their CTO few years back 😭😭😭. I was like what is this company and how will they compete with so many big players with just a app!! God knows how many millions I left on the table!
Few years ago? Would you have joined as an e4 or higher? That’s $20-30+ million
@Apple many many people on Blind have gotten the same email, sorry to burst your bubble
What causes the stock to rise? I would expect it to cut in half once lockdown is over
Wow u r so smart! Why not short it and then see?
It won’t fall much until Wall Street play and earn enough from it. After that, earnings will place the stock appropriately
20-30 million if one joined DoorDash a few years ago? 2017-2018? This is mind blowing. 30 million in 3 years! I have no motivation to work for Cisco now
If it comforts you - over 90% of the startups fail miserably and during that time your paid a relatively low base and stocks are worth 0 🤷♂️ Regardless Cisco pay is very unimpressive so you can prob improve on that by itself by moving to a higher paying company
Thanks. I have 12 YOE and TC of 350-400k depending on how the bonus and RSUs are. Is that too low?
Yes hi :) but +1 it doesn’t mean anything right now
What’s your unvested stock worth ? 😅
I just checked my personal email again. I got 5 emails from Dir of engineering that he is very interested in me having on board in 2018. Also recruiter again tried to reach me after couple of months. I did not bother much that time also I had some personal issues to take care at that time. Now seeing DD stock :(
It’s easy to look at the stock price now and wish you joined a few years earlier, but it’s kind of a useless thing to do. Just know that the best is yet to come and we’re hiring :)
“Best is yet to come” I mean maybe for the company but no one who joins now will have $10-20m in RSUs lol
@nvw that’s what 99% of people said at every point of the companies history. You don’t make money by being conformist 😊
🤗