zlacker

>>zuhaye+(OP)
Based on what I've seen/heard, they seem to follow a similar comp philosophy to Netflix -- pay top of market to get the best people.

But it's also important to note that only $300K of that is in cash. The other $600K is in profit participation, which could take years (maybe even a decade!) to be realized. It could also be worth $6M a year when it's realized.

But ultimately it's an investment of your time. Or to think of it another way, you're getting paid $900K a year but you're also investing $600K a year in OpenAI, which may end up being an amazing return or nothing at all, just like any startup investment.

Although with Sam at the helm, my guess is it will probably be worth more than $600K a year.

>>jedber+l7
I guess the first part of that is like netflix, but as you know the second part is not since netflix is 100% cash unless you want to participate some portion of that in the employee stock plan.

>>ed2551+H7
Yes, the first part of the philosophy, pay top of market. Not the second part, where they employee gets to choose their level of exposure to investment risk. But Netflix is a public company, and OpenAI is not.

>>jedber+Y7
If I can’t use “the pay” to exchange for goods and services when I earn it, it’s not “pay”

>>scarfa+jb
Obviously wrong - a company car or a gym membership plan are part of your pay even though you can't use either to pay for goods and services

>>gambit+7d
And I’m still trading labor for compensation that I’m exchanging for goods and services.

What type of goods and services can I exchange for illiquid equity or profit sharing that may or may not come years later?