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Comment by sskates | Hacker News Reader

You make it sound so easy. Professionals at picking the right company (aka venture capitalists) get it wrong the vast majority of the time. Nobody has any guarantees about how things will end up.

You really think the 90 day exercise window is fair? It means an employee who just left a company has a huge burden with their vested options- either come up with a lot of cash and take a massive risk or have your equity compensation be worth nothing.

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Picking winners is easy: oftentimes they're obvious. e.g. Uber, Slack.

VCs have a much harder job: picking undervalued and not-yet-obvious winners. They need to find the winner first, before everyone else also realizes it's a winner

Those examples weren't obvious when they were still small enough that employee equity compensation would have meant something.

You're misinformed about how much equity employees have been getting then (be it in RSUs or ISOs).

Perhaps I am and perhaps I'm not, but it's somewhat less than helpful to say so without providing information which might correct my apparently inaccurate understanding.

If you joined Uber a year ago, it was pretty obvious they were a rocket ship, and you'd easily be set up to make 200-300k a year with bonuses and equity. Hardly chump change, and definitely more than joining the latest YC winter __ "we're 2 stanford MBAs hiring our first engineer to change the way the world does analytics", here's $130k and .0something percent equity to come join us.

Is that real equity, or is it equity on the rolling-four-years-vesting plan? Because I've only ever seen the latter offered to anyone but the first couple of employees.

I don't think it's easy at all to pick the right company to join. I'm just saying, it matters way more than everything else.

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