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   Alex Gleason (alex@gleasonator.com)'s status on Thursday, 28-Mar-2024 10:30:47 JST Alex Gleason
   @f1577c25d7b3606824206b2753e5294f84589cab4379da67d6df2fbede26ba14 0. Guys I have 0 stocks. https://gleasonator.com/@alex/posts/AgEXHa5JYEt26Sz37g
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     gentoobro (gentoobro@gleasonator.com)'s status on Friday, 29-Mar-2024 03:35:42 JST gentoobro

     in reply to
     @alex @f1577c25d7b3606824206b2753e5294f84589cab4379da67d6df2fbede26ba14 Stock options at dev jobs are usually a scam. They're doled out bit by bit over 4 or 5 years of working there, and if you stop working there (for any reason!) before the company goes public or gets acquired, then you have to pay them a bunch of money in cash to buy the options themselves, often tens of thousands of dollars. Options that may not ever be worth anything at all. And even if you do manage to get your options to vest, and the company does go public or get acquired, the fine print says the VC's get payed out 10x for each of their shares and also you got severely diluted with every new funding round. That "1% of the company" you thought you were getting when you joined turns into 0.001% in the end. The $50m acquisition leaves you with a $50k bonus, which sounds good until you realize it's $10k/year, which is a 6% raise over your $150k dev salary.
     Alex Gleason likes this.