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Alexei comments on Maximizing Your Donations via a Job - Less Wrong
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So we're talking about a package whose total value [EDIT: excluding other benefits like healthcare, free food, etc.] is on the order of $340k/year assuming the stock price is stable? And you had broadly comparable offers from other companies? Then I take back what I said: those are incredibly generous numbers in comparison with what I know of software developers' salaries in the UK. I don't know how that splits between (1) Silicon Valley being a really good place to be right now and (2) you personally being awesome, but congratulations in either case :-).
[EDIT: If whoever downvoted this is reading, and would like to tell me what's wrong with what I wrote, I'm listening. It still looks OK to me after rereading.]
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.