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Comment by bjacks | Hacker News Reader

Once a company has gone public is it common for lots of staff who have stock to quit?

Want in? https://www.atlassian.com/company/careers ;) When a company has had 30% growth per year according to their F-1 filing (This is a ballpark - please check the filing), you don't need to wait to get hired. More seriously, in a Forbes article last year Scott Farquhar said some employees would be able to buy a house, so there are probably some people who want to pursue some personal projects. I expect Syndey real estate to become very expensive, but I also expect such companies to have some retention policy, like progressive vesting and post-IPO lock-in period.

“Scott Farquhar said some employees would be able to buy a house“

To be fair, it is Sydney ;)

Sydney is one of the most expensive housing markets in the world [1].

It was actually much higher in the list, but the weak Australian dollar means that the US dollar stretches quite a bit further.

I seem to recall that cost of living in Sydney is also one of the highest in the world, but didn't find any sources on that.

[1] http://www.globalpropertyguide.com/most-expensive-cities

yep can definitely confirm everything is very expensive here

That was my point, it took cashing out shares to be able to afford there …

(source: home owner in Adelaide)

Sydney 7,250 per m^2

Prague 4,569 per m^2

And now add earnings to that and Sydney is not that expensive. Pure price per m^2 says nothing, the important thing is how much m^2 I can buy with my average salary.

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