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jedberg
on Sept 17, 2021
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Gitlab S-1
FWIW as the first engineer he
might
have gotten 1% of the stock, which would be worth about $6M. If he's really that good, there is a decent chance his more secure job has paid that much in 7 years, especially if it was with a FAANG company.
ergocoder
on Sept 18, 2021
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No way it is 6M. That is too low. I could have got that by joining stripe a few years back while enjoying high salary.
smartbit
on Sept 18, 2021
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No company in NL pays FAANG salaries. My former coworker‘s rate as external consultant is around €120/h.
nopzor
on Sept 18, 2021
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i think your math is off. 1% of the stock (assuming that's fully diluted at IPO) would be worth $60M ;-)
jedberg
on Sept 18, 2021
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I was assuming a 10x dilution since they took $845M in funding. :)
nopzor
on Sept 18, 2021
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root
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10x dilution seems super high to me, even with 845m in funding.
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