Been at google for a few years, but I’m not really interested in the work I do now and I’m not enjoying the lengthy processes and approvals just so I can occasionally change a proto. There are a couple hot startups that I’m interested in moving to (like Plaid/Brex/Blend/Figma/etc). The thing is, Google stock has done pretty well this past year, and I have a few refreshers stacked. I’d doubt if any of these startups could match my current comp. From lurking on Blind for a bit, it seems like it’d be a huge red flag if a company offers lower or even equal comp to your current TC. Is that really such a good rule to follow? Won’t current TC at a company that offers refreshers always be inflated because of stock growth, so how can you expect to only move to companies whose initial package offers more than your stock that’s stacked and grown? I don’t think Google would even offer me my current TC if I was an external candidate now. If I want to move to a mid/large startup like the ones mentioned above for an initial pay cut with the hope that the company could grow multiple times, would that be a foolish decision? Follow on question: if you think taking a pay cut is fine, how much less would you risk to move from a slowly growing FANG to a potential rocket ship? Yoe 3 TC 340k with stock appreciation, 280k without (Cliff next year but with another refresher and small salary increase, should be about the same TC. Year 5 tc would probably drop, but I guess my question is directed more towards the people whose stock packages are still stacking) #compensation
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If you want to get rid of your golden handcuffs, you'll have to drop your total comp. That's how they work. The thing you don't want to do is move backward in your career narrative. Separately, you need to decide for yourself how to value money vs enjoyment or fulfillment of the work.