For those wondering: the “first rung” is more like $110k plus stock options (which you have to pay for - they’re not RSUs - so calling them “income” is rank nonsense)
The estimates for stock options value on there are also WILDLY high compared to people I know who actually work there.
Very suspect.
Even mature startups (like Airbnb and Uber) don’t offer options.
Private companies/startups are still doing options.
And options are worthless. My employee recently loaded all employee stock options / holdings into a stock trading/tracking system and as soon as the FMV from the latest 409a was loaded in people flipped their shit. Turns out that no, joining a nearly decade old private company with limited stock options and a "mature" FMV isn't going to make you millions of dollars. Especially when you're going to be spending five figgies to exercise.