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.
Are they just extremely rare cases or am I just not aware of the valley and their customs?
I mainly hang out w/ people from Europe and random parts of the States (like MA, they're paid good but not THAT good).
Dumb question maybe, but now I'm curious.
What does it really take to land a job like this one? Luck? Your network? Experience? All of it?
It’s not as easy as some posters make it sound, but it’s still on the order of 20-50k engineers. If you wonder why these firms move faster than the rest of the industry, this is a major contributor.