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Alexei comments on Maximizing Your Donations via a Job - Less Wrong
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Yup, that's basically right. Silicon Valley is definitely an amazing place to be right now. I'd consider myself to be a good/solid engineer, but not remarkable. One thing to keep in mind is that the cost of living here is more, but unless you are a big spender (need nice house, etc...), you'll do better here than elsewhere.
What's the vesting schedule for stock? And are they options or outright equity?
Thank you for this article, it was extremely helpful.
The most common one is you get 25% after the first year, and then the rest gets vested equally on monthly (or quarterly) basis. For public companies it's RSU (restricted stock units), which are basically equity. For startups sometimes you get options.