▲ 1006 ▼ someDaysAreBetterThanOthers (thelemmy.club) submitted 3 months ago by cm0002@literature.cafe to c/programmer_humor@programming.dev 188 comments fedilink hide all child comments
[–] CookieOfFortune@lemmy.world 12 points 3 months ago (1 child) Don’t forget those sweet RSUs too! permalink fedilink source hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 1 point 3 months ago (2 children) Yes, there’s nothing like an imaginary number that keeps growing and never materialises. permalink fedilink source parent hideshow 4 child comments replies: [–] CookieOfFortune@lemmy.world 2 points 3 months ago (1 child) RSUs aren’t imaginary. They can be sold for cash once vested. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 1 point 3 months ago (1 child) Well it depends on how the RSU is set up of course. All the equity I’ve apparently received in my time is still waiting on “defined liquidity event” before I can do anything at all. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago* (1 child) You got RSUs(restricted stock units) from a startup? For startups those will usually be options (not RSUs) which do not materialize until an exit event. There can be liquidity events before exit as well if the company is doing well. RSUs are usually offered by publicly traded companies and basically as good (or better) than cash. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 0 points 3 months ago* (1 child) No, not from a startup. It might be worth mentioning that I’m in the U.K. so the terms and lingo may differ from yours. I’ve had RSUs from series D scale ups. I’ve had options from start ups. Typically in the UK they’re wrapped as an investment you make on entry (using a loan the company offers you) to only pay capital gains tax (25% in the UK). And I’ve had RSUs from big, established enterprises. What’s common to them all, for me, is that they’ve broadly not paid out what they were advertised to, either because the stock falls (Unity springs to mind), you leave before anything material vests (and the hiring company matches your RSUs) or there’s no liquidity event. I trust cash, paid into my bank account. The rest, IMHO, is just trumps (US: farts) in the wind. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent [–] jivandabeast@lemmy.browntown.dev 1 point 3 months ago (1 child) Monopoly money is the best kind of money permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago* (last edited 3 months ago) Depends. I have worked at publicly traded large tech companies and RSUs have been very lucrative for me. Some years my total compensation has been 60-80% from RSUs. permalink fedilink source parent
[–] sunbeam60@feddit.uk 1 point 3 months ago (2 children) Yes, there’s nothing like an imaginary number that keeps growing and never materialises. permalink fedilink source parent hideshow 4 child comments replies: [–] CookieOfFortune@lemmy.world 2 points 3 months ago (1 child) RSUs aren’t imaginary. They can be sold for cash once vested. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 1 point 3 months ago (1 child) Well it depends on how the RSU is set up of course. All the equity I’ve apparently received in my time is still waiting on “defined liquidity event” before I can do anything at all. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago* (1 child) You got RSUs(restricted stock units) from a startup? For startups those will usually be options (not RSUs) which do not materialize until an exit event. There can be liquidity events before exit as well if the company is doing well. RSUs are usually offered by publicly traded companies and basically as good (or better) than cash. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 0 points 3 months ago* (1 child) No, not from a startup. It might be worth mentioning that I’m in the U.K. so the terms and lingo may differ from yours. I’ve had RSUs from series D scale ups. I’ve had options from start ups. Typically in the UK they’re wrapped as an investment you make on entry (using a loan the company offers you) to only pay capital gains tax (25% in the UK). And I’ve had RSUs from big, established enterprises. What’s common to them all, for me, is that they’ve broadly not paid out what they were advertised to, either because the stock falls (Unity springs to mind), you leave before anything material vests (and the hiring company matches your RSUs) or there’s no liquidity event. I trust cash, paid into my bank account. The rest, IMHO, is just trumps (US: farts) in the wind. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent [–] jivandabeast@lemmy.browntown.dev 1 point 3 months ago (1 child) Monopoly money is the best kind of money permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago* (last edited 3 months ago) Depends. I have worked at publicly traded large tech companies and RSUs have been very lucrative for me. Some years my total compensation has been 60-80% from RSUs. permalink fedilink source parent
[–] CookieOfFortune@lemmy.world 2 points 3 months ago (1 child) RSUs aren’t imaginary. They can be sold for cash once vested. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 1 point 3 months ago (1 child) Well it depends on how the RSU is set up of course. All the equity I’ve apparently received in my time is still waiting on “defined liquidity event” before I can do anything at all. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago* (1 child) You got RSUs(restricted stock units) from a startup? For startups those will usually be options (not RSUs) which do not materialize until an exit event. There can be liquidity events before exit as well if the company is doing well. RSUs are usually offered by publicly traded companies and basically as good (or better) than cash. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 0 points 3 months ago* (1 child) No, not from a startup. It might be worth mentioning that I’m in the U.K. so the terms and lingo may differ from yours. I’ve had RSUs from series D scale ups. I’ve had options from start ups. Typically in the UK they’re wrapped as an investment you make on entry (using a loan the company offers you) to only pay capital gains tax (25% in the UK). And I’ve had RSUs from big, established enterprises. What’s common to them all, for me, is that they’ve broadly not paid out what they were advertised to, either because the stock falls (Unity springs to mind), you leave before anything material vests (and the hiring company matches your RSUs) or there’s no liquidity event. I trust cash, paid into my bank account. The rest, IMHO, is just trumps (US: farts) in the wind. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent
[–] sunbeam60@feddit.uk 1 point 3 months ago (1 child) Well it depends on how the RSU is set up of course. All the equity I’ve apparently received in my time is still waiting on “defined liquidity event” before I can do anything at all. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago* (1 child) You got RSUs(restricted stock units) from a startup? For startups those will usually be options (not RSUs) which do not materialize until an exit event. There can be liquidity events before exit as well if the company is doing well. RSUs are usually offered by publicly traded companies and basically as good (or better) than cash. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 0 points 3 months ago* (1 child) No, not from a startup. It might be worth mentioning that I’m in the U.K. so the terms and lingo may differ from yours. I’ve had RSUs from series D scale ups. I’ve had options from start ups. Typically in the UK they’re wrapped as an investment you make on entry (using a loan the company offers you) to only pay capital gains tax (25% in the UK). And I’ve had RSUs from big, established enterprises. What’s common to them all, for me, is that they’ve broadly not paid out what they were advertised to, either because the stock falls (Unity springs to mind), you leave before anything material vests (and the hiring company matches your RSUs) or there’s no liquidity event. I trust cash, paid into my bank account. The rest, IMHO, is just trumps (US: farts) in the wind. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent
[–] CookieOfFortune@lemmy.world 1 point 3 months ago* (1 child) You got RSUs(restricted stock units) from a startup? For startups those will usually be options (not RSUs) which do not materialize until an exit event. There can be liquidity events before exit as well if the company is doing well. RSUs are usually offered by publicly traded companies and basically as good (or better) than cash. permalink fedilink source parent hideshow 2 child comments replies: [–] sunbeam60@feddit.uk 0 points 3 months ago* (1 child) No, not from a startup. It might be worth mentioning that I’m in the U.K. so the terms and lingo may differ from yours. I’ve had RSUs from series D scale ups. I’ve had options from start ups. Typically in the UK they’re wrapped as an investment you make on entry (using a loan the company offers you) to only pay capital gains tax (25% in the UK). And I’ve had RSUs from big, established enterprises. What’s common to them all, for me, is that they’ve broadly not paid out what they were advertised to, either because the stock falls (Unity springs to mind), you leave before anything material vests (and the hiring company matches your RSUs) or there’s no liquidity event. I trust cash, paid into my bank account. The rest, IMHO, is just trumps (US: farts) in the wind. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent
[–] sunbeam60@feddit.uk 0 points 3 months ago* (1 child) No, not from a startup. It might be worth mentioning that I’m in the U.K. so the terms and lingo may differ from yours. I’ve had RSUs from series D scale ups. I’ve had options from start ups. Typically in the UK they’re wrapped as an investment you make on entry (using a loan the company offers you) to only pay capital gains tax (25% in the UK). And I’ve had RSUs from big, established enterprises. What’s common to them all, for me, is that they’ve broadly not paid out what they were advertised to, either because the stock falls (Unity springs to mind), you leave before anything material vests (and the hiring company matches your RSUs) or there’s no liquidity event. I trust cash, paid into my bank account. The rest, IMHO, is just trumps (US: farts) in the wind. permalink fedilink source parent hideshow 2 child comments replies: [–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent
[–] CookieOfFortune@lemmy.world 1 point 3 months ago (1 child) Oof Unity is just bad luck. Most other tech stocks have done well. Most big tech will vest monthly/quarterly and you can setup an auto sell when your stock has vested. This is literally cash in your bank account every vesting period. permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent
[–] abaddon@lemmy.world 1 point 3 months ago I wish every company would adopt quarterly vesting. Yearly vesting schedules are obnoxious and can really screw people over. permalink fedilink source parent
[–] jivandabeast@lemmy.browntown.dev 1 point 3 months ago (1 child) Monopoly money is the best kind of money permalink fedilink source parent hideshow 2 child comments replies: [–] abaddon@lemmy.world 1 point 3 months ago* (last edited 3 months ago) Depends. I have worked at publicly traded large tech companies and RSUs have been very lucrative for me. Some years my total compensation has been 60-80% from RSUs. permalink fedilink source parent
[–] abaddon@lemmy.world 1 point 3 months ago* (last edited 3 months ago) Depends. I have worked at publicly traded large tech companies and RSUs have been very lucrative for me. Some years my total compensation has been 60-80% from RSUs. permalink fedilink source parent
