This chimes with what I've seen too.
Years ago I worked with a very talented engineer who missed out on 2 big paydays because he took the high day rate instead of a reduced day rate + stock options.
The 2nd mistake was big. He worked for a startup, contributed his big brains to make the venture work, and when they sold, he missed out on a cool million dollars.
When I met him he was still sick with regret over his decision. He said at the time he needed money more than stiocks
@UncleIroh @sardonicsmile Choosing the stocks over the pay is a gambling because you are betting on a successful IPO .
@ugly_bastard_reborned @UncleIroh @sardonicsmile
No wonder actuaries get paid so well. Math is already hard enough but risk management seems to be completely out of reach, even of engineers and other "smart" guys.
It's not that hard to calculate what's the acceptable reduced rate X stock options potential upside. Specially if you're deeply involved in making the business sucessful.
@Zeb @UncleIroh @sardonicsmile A lot of people in the US made a lot of money with the dot com bubbles and the low interest rates . But that is done and over . Yet normies still think that thinks will keep bahaving like that .
