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
To be realistic ... 300K in the bay is barely livable if you're targeting a middle class life with kids and targeting retiring at 65.

First, ~46% of it is gone in taxes including federal tax (~25%), state tax (~8%), FICA (~4%), and sales tax on everything you eventually use the money for (~9%).

So that's 162K left. Not a lot to pay sky-high rents, car payments, insane medical bills despite insurance, lawyers to fight said bills, save up money for parental elderly care, save up money for yourself for retirement, etc.

And yeah, having kids on that money? Very difficult.

If you're not in the bay area, different story, it's a very nice income. But they probably won't give you that package if you're remote.

And if you're in the bay and not planning on having kids, it's an okay salary.

>>dheera+cf
I get what you're saying, but the median income for SFO is way below what tech people get paid. "barely livable" is perhaps a bridge too far for the $300k+ crowd. :)

>>tyingq+yg
The median person in SFO lives a way worse life than a median person in Ohio

>>bluede+Yi
Only if you define "good life" as having a big house with a big yard.

>>QIYGT+rr
Last time I ate in SF, I walked past a guy smoking crack on the sidewalk. But, yeah... big house with a big yard is nice.

>>zoltar+jv
Can’t reply to the comment below inquiring about odor, but people smoking crack are easy to spot as you don’t roll crack in a cigarette, you smoke it out of a heated glass pipe. It looks entirely different. So it’s easy to notice when done in the open. As far as odor… I think it smells a lot like meth that, when smoked, smells like an odd laundry detergent that you have never smelled before. Sort of like a decaying air freshener. That’s the best I can do.

>>Fezzik+9A
> people smoking crack are easy to spot as you don’t roll crack in a cigarette, you smoke it out of a heated glass pipe. It looks entirely different.

This isn't entirely accurate, as crack isn't the only drug people use "crack pipes" for. I couldn't tell you what, if anything, crack smells like because I'm not aware of having every been in the vicinity of it being consumed, but I have been around people using what look like crack pipes and I've used them myself too.

In my case: a few times I tried vaping weed with them (though for weed an electric dry herb vape is better, and if wanting to use glass pipe and a flame there are designed-for-weed vapes which are better than generic crack-type pipes), and DMT is another illegal drug that needs (when in pure form, rather than changa) to be vaped rather than smoked - so a crack pipe can be useful for that too. I wouldn't be surprised if there are other drugs that sort of pipe can be used for, too.

Personally I wouldn't use that sort of "crack" pipe in public, partly because many people think like you that it must be crack that's being used, and partly because even people who dont have that incorrect belief could still rightly (or at least, almost always rightly) deduce that something illegal is being consumed.