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> One guy chose 100% equity, and is now retired. being able to choose 100% equity would suggest a particular level of financial independence before even starti
by hnbroseph 7y ago
> One guy chose 100% equity, and is now retired.
being able to choose 100% equity would suggest a particular level of financial independence before even starting. how long did they work without a salary? did they regularly sell equity as a salary-replacement?
- chucksmash 7y agoOr perhaps a working partner and a willingness to get by on one income. Know a couple who did this in NYC for a couple of years on non-dev salaries and the trade-off definitely opened doors for them.
- underwater 7y agoHow is this any different from taking your entire paycheck and dumping it into a single stock each month? It's effectively a gamble, and often employees are too emotionally invested to make a rational financial investment of that scale.
- jedberg 7y agoIt was a gamble, but we had a lot of leverage because we got major discounts with pre-tax money.
- jedberg 7y agoHe lived off selling his Google stock, where he worked before Netflix. :)