They mention San Francisco rents, but they fail to mention all the advantages of living in San Francisco. Awesome for the folks in San Fran to have their lifestyle's subsidized.
AND then they spread some FUD with "Remote companies using a standard pay structure are reportedly running into problems with their compensation plans" - nice and vague and ominous. Doesn't even mention what issues they're running into, just "issues".
AND then they end with the weak they " hope location band salaray gaps will continue to narrow", as if they genuinely wish they could pay more, but their hands are tied.
I think gitlab is a great project, but that is some grade A bullshit.
> The reason we give stock options instead of straight stock is that you do not need to spend any money to purchase the stock at the date of grant and can decide to purchase the stock later as your options vest. In addition, we do not provide straight stock grants since this may subject you to immediate tax liabilities.
Having worked at pre-IPO companies before, both these statements are untrue
1. Most companies issue RSUs instead of straight up stock. No one makes you 'buy' your RSUs.
2. Every pre-IPO company has a double-trigger vest condition where you 'own' the stock only at IPO or acquisition and you only owe taxes then (and most companies auto-sell a portion at IPO to cover taxes).