14 ms·

I believe only a few of the original Zapier folks have options (I don't hold any myself, for example but I joined when they were around 70 people).

propter_hoc 6y ago
Really? Only cash comp?
- jcomis 6y ago
  Yes
sjg007 6y ago
So without options, why did you join?
- matthewheath 6y ago
  I'm in the UK where options as part of job compensation are relatively rare. I joined as a contractor originally so wouldn't have been entitled to them regardless, but also they're a US company and only recently (1 year ago) set up a UK entity (I don't have options in that either) so I wasn't surprised to not get any. I don't fully understand options, admittedly. I joined because I love their product, and I needed a better paying job than the one I had originally. Plus, the culture was pretty amazing at the time I joined! I left because they didn't pay me enough in the end plus cultural issues :P so I've got a new job paying more with a culture I prefer.
deleted 6y ago
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ralph84 6y ago
Wow, this should be the headline. Bootstrapped unicorns are somewhat rare. But bootstrapped unicorns with no employee equity is a whole other level.
- matthewheath 6y ago
  To be fair to them, they do a pretty decent profit share every year. It is compensation based, so it's nothing life-changing (only say, 5-10% of your total compensation) but it was nice! First and only place I've ever participated in profit sharing.
  - ng12 6y ago
    Unless they're paying massive base salaries that sounds pretty low compared to RSUs at a big tech co or the yearly bonus in finance.
    - matthewheath 6y ago
      I don't know what qualifies as "massive base salaries" but most folks in Support (the team I worked on) were on around $70k+ USD base compensation. Profit sharing happened twice a year, but I don't remember it ever going above 10% of your six-monthly compensation rate (so effectively, you got 20% at most).
      - rimiform 6y ago
        70k? In San Francisco? Big oof.
        Hir0ki 6y ago
        It's a remote first company so i don't think most people in the support team live in San Francisco. I don't think 70k for a support position is that bad.
        matthewheath 6y ago
        Yeah - we didn't have many Support folks in SF. I think the compensation bands were based on Chicago.
  - dgavey 6y ago

propter_hoc 6y ago

Really? Only cash comp?

jcomis 6y ago
Yes

sjg007 6y ago

So without options, why did you join?

matthewheath 6y ago
I'm in the UK where options as part of job compensation are relatively rare. I joined as a contractor originally so wouldn't have been entitled to them regardless, but also they're a US company and only recently (1 year ago) set up a UK entity (I don't have options in that either) so I wasn't surprised to not get any. I don't fully understand options, admittedly. I joined because I love their product, and I needed a better paying job than the one I had originally. Plus, the culture was pretty amazing at the time I joined! I left because they didn't pay me enough in the end plus cultural issues :P so I've got a new job paying more with a culture I prefer.

deleted 6y ago

[deleted]

ralph84 6y ago

Wow, this should be the headline. Bootstrapped unicorns are somewhat rare. But bootstrapped unicorns with no employee equity is a whole other level.

matthewheath 6y ago
To be fair to them, they do a pretty decent profit share every year. It is compensation based, so it's nothing life-changing (only say, 5-10% of your total compensation) but it was nice! First and only place I've ever participated in profit sharing.
- ng12 6y ago
  Unless they're paying massive base salaries that sounds pretty low compared to RSUs at a big tech co or the yearly bonus in finance.
  - matthewheath 6y ago
    I don't know what qualifies as "massive base salaries" but most folks in Support (the team I worked on) were on around $70k+ USD base compensation. Profit sharing happened twice a year, but I don't remember it ever going above 10% of your six-monthly compensation rate (so effectively, you got 20% at most).
    - rimiform 6y ago
      70k? In San Francisco? Big oof.
      - Hir0ki 6y ago
        It's a remote first company so i don't think most people in the support team live in San Francisco. I don't think 70k for a support position is that bad.
        matthewheath 6y ago
        Yeah - we didn't have many Support folks in SF. I think the compensation bands were based on Chicago.
- dgavey 6y ago