OpenAI Is Paying Its Workers $1.5m In Stock Options, How Much Do YOU Earn?
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In maybe the highest payout in the history of tech startups ever, OpenAI is paying its workers stock compensation worth $1.5 million dollars ON AVERAGE. And I know things have gotten intense with tech companies poaching workers from each other, but this is actually crazy.
The situation is that OpenAI is gearing up for probably the biggest IPOs in history and wants its workers on board by offering a massive cut of that stock selloff. With a rough valuation of $830 billion last round, the company is poised to unload to its 4,000 employees stocks worth about $1.5 million each.
And how much are you earning currently?
Whenever stories like this come out I feel sorry for the people who just missed the cut off. Like, there must be a cut off somewhere, I think it’s two years? What if you joined just a little too late? Or maybe you’re not contracted but you basically work there full time? What about the poor janitor who’s going to watch everyone around them come in the next day with Lambos whilst they’re stuck driving a battered Pontiac.
But this is rare at least. The next closest example is Google’s IPO in the 2000s, but employees in that case won just a sixth of what OpenAI’s doing.
Add on top of this, OpenAI salaries start at $200,000 and don’t even require a degree, there’s a small group of people who are making bank from this non-profit.
But the question remains, why on earth would you stay after this payout? Sure, everyone’s going to invest in OpenAI, but the moment they do it’s going to have an exodus of newly minted engineers and OpenAI might have a brain-drain.
Did you think about that? Huh? HUH?
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