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
Honestly, if you take 300k home, the risk isn't that high. But the reward is insane.

>>jocaal+uc
That person could probably be making 500k+ at a FANG with less variance in the stock component.

>>QIYGT+Wg
I read this here and there and don't doubt it, but then again I've never seen/met anyone IRL (outside of C-level) making this much money as an employee.

Are they just extremely rare cases or am I just not aware of the valley and their customs?

>>morale+Nu
I believe you are just not aware.

C-Level folks make many millions a year, either liquid or paper.

I am at FAANG and virtually everyone at L6 (staff Eng level, many thousands of people) is paid at least $500k, with monthly liquidity (no cliff).

With a bit of luck stock wise, it’s also not uncommon at all to get to $500k+ at L5 (senior eng level, many dozens of thousands of people).

Everyone in my SF network (hundreds of people) virtually make above $500k.

>>deanmo+Yw
Reading anecdotes like this blows my mind. The most I've ever made is $129k. Granted, I don't live in the valley and I don't work at a FAANG, but still...

>>GenerW+qR
Right? Make 300k for 2-3 years then quit and just go back and get another degree without needing to work outside of it whatsoever. Sounds amazing.