公開我被裁員前的年薪

Hello everyone, I'm Terry. In the video I was fired from, I said that if the number of likes exceeds the value of the song, I would make another video to share and publicly announce the salary of my previous company. It seems that everyone has given full recognition to the quality of the song. Although there are many negative comments below, there are still many warm ones on the Internet. Before I publicize the salary of my previous company, I want to say that today's video does not mean anything to show off. I have been laid off, there is actually nothing to show off.

I think the more meaningful part of this video is to provide a data point for you to refer to. Generally speaking, if you want to know the salary of big companies like Google, Meta, Amazon, these companies' salaries, they all have a public recognition range at each level. Mainly because there are a lot of people on the Internet sharing these offer numbers. So if you go to levels.fyi, basically there are 8-9 different ways. You can find the numbers of big company salaries.

But there are not many data points in small companies like Blend. And I believe you will also be curious about the salary of small companies. Next, I actually refused Google's offer at that time and chose to stay in Blend. So maybe this salary figure is worth referring to. Next, this salary is not really high in the stock market.

I think it's just a normal range. There are too many people who are paid higher than me at the same level. So there's really nothing to compare. Then I will take the PDF file of the offer directly and open it for everyone to see. Before the public offer, remember to like the video first. I think a YouTube channel with transparent and open-ended bottom row like me should be worth a like.

Let's not talk about it and just look at the PDF file of the offer. First, the first one is the sign-on bonus. The sign-on bonus is $20,000. To be honest, it's not much. Many big companies' sign-on bonus is $70,000 to $100,000.

So I think basically you don't have to count it directly here. Next is the salary part. You can see on the offer that the salary part is $400,000 a year. What to pay special attention to here is that it says TDC 400,000 here. What is TDC? TDC is called Total Direct Compensation. TDC means that your salary is 400,000. In this 400,000, you can freely allocate how many percentages you want to give to the total. And how many percentages are cash.

Of course, most people will choose to take all the cash Because cash is king And what you get is cash You can freely choose what company to invest in Or buy real estate Whatever you want Instead of tying your money to this small company's stock market Or some people may consider allocating about 10% of TDC on his stock market Mainly afraid of missing out After all, if the company's stock is like Facebook and IPO in the early days If you take more than 100% of the cash You will definitely do very painful

Because your colleagues around you are slowly becoming millions of dollars And you're just holding a fixed death salary So it depends on how much you believe in the company and how much you want to bet The company actually knows that most people will choose to take cash at full speed So they usually use a little bit of thought to make the option of taking a full share more attractive If you choose to take a full share You will get more full share shares than the number of RSUs at the current price That is to say, if you choose to take a full share, the share volume will be a little bigger Which means that if one day the stock goes up

you will earn more than if you just bought this set of money today. You will earn more if you just buy stocks. Because there are more stocks and more opportunities, it is a bit like a bar. The ratio depends on how each company calculates. Maybe each company is different. In BLEND, it is 2.5 times. It is written in the offer. How exactly is this 2.5 times calculated?

is based on a very famous mathematical model, which is specifically designed to calculate the value of the chess piece, called the Black's Course Model. If you are interested, you can go and take a look at it yourself. I won't explain much here. In short, it depends on whether you want to make a big difference. In addition, if you choose to play chess, the effectiveness of this chess piece will be different. The traditional chess piece created by a new company for early employees is usually executed within 90 days after you leave the company. This rule is called the PTE Window, Post Termination Exercise Window.

If you are using the black-scores model to change your TDC to the full-time one, the term of your full-time school term is usually 10 years. Before the 10-year period, you don't need to exercise. You don't need to execute. Even if you have left school today, I know this may sound a bit complicated,

But simply put, it's a version of a "strengthened" stock market. And the last advantage of choosing a stock market is that when the company's stock price rises above your stock market price, and you exercise and work at the same time, most of the money you earn will be capital gain, not income tax. So you can pay a lot less tax on taxes. Why can you pay less tax? I think it's really complicated to talk about. It's not a accounting channel, so we won't explain it much.

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My choice was the same as many others. It was 100% cash. I didn't believe in Blend. Besides the $400,000 TDC, I also had an extra $100,000 RSU. The RSU wasn't on the same offer. It was mainly my manager who helped me get it.

So for me, I already had an extra 100,000 RSU invested in this company. I think that's enough. This is why I chose to cash out all of it. You can simply calculate that my salary at that time was 400,000 TTC plus this 100,000 RSU. This is my annual salary at that time, a total of 500,000 US dollars. Of course, now the Blank's stock has fallen into this bird's eye. In today's market, annual salary has not reached 500,000 US dollars. But I haven't sold any Blank stocks yet. So who knows, maybe it will grow back after a few years.

I think as long as the company doesn't close down and is not acquired, there is still a chance of growth. And they have already laid me off. I think the chance of growth should be greater. And in fact, I have been quite confident in Blaine so far. I think as long as they can survive this round of inflation and a positive economic cycle, they should become stronger in the future. Because this kind of company is very typical, it will grow and fall with the environment. I think especially after this tragedy, Blaine's management should have learned some lessons. If the company can really survive, I think it will have a bright future.

Of course, the premise is to survive and not collapse and not be bought at a low price Please don't buy Bland stocks because I said these things I definitely don't recommend you to invest in their stocks here I think the risk of collapse or being bought at a low price is still very, very high As long as the interest rate does not go down for a day, this company has no chance of success

I was at the level of Blend IC4 at that time. The TC at $500,000 in the stock market is not much, but it is not less. I think it's a pretty normal offer. Maybe it's a bit high inside Blend. I'm not sure how much Blend's employee salary is. Because the data on the Internet is too little, it may not be of any reference value. But I think it's a company that can work at home completely, fully remote, and the scale is small. I'm quite satisfied with this package.

I think its main selling point is fully remote. It's also the reason why I chose to reject Google offer. Actually, Google gave me the same number of offers. Maybe a little less, but they want to go to work in the company. And my offer was also in California. I need to move to California. California's tax is really not as expensive as Seattle and Washington's tax. So I decided not to choose Google. Will I regret it? I don't think there's anything to regret. Maybe Google will be fired.

Many people may have a misunderstanding and think that to get a good offer, the only way is to go to big companies such as Google, Netflix, Meta. In fact, many smaller companies like Blend can also open up a competitive offer. I think it's up to you to make your own choice. I started working remotely from the beginning of the epidemic. I worked at home for more than half the time. So it's important for me to be able to work at home. I don't think I can buy this freedom for more than $100,000 to $200,000.

This is why I also tend to choose small companies when I choose my company Or a company that can be completely remote And from the experience of small companies and IPOs I've been to for many years I think the smaller the company, the more things I can do As the company grows, there will be more and more people who will approve of you to do something I feel like I'm pretty tied up, so I don't like it very much This is why I've always enjoyed working in small companies

And I think what I learned in the small company is not only technical. More importantly, how to develop a brand new product without any support or model. How to build a team? How to make decisions in the face of unknown? Because I work in a small company, the unknown is what I face every day. There are too many decisions that need engineers to make.

And these decisions will directly affect the future development of the company Unlike big companies, no matter how powerful you are or how stupid you are, your decisions will not directly affect the company's annual income But in small companies, maybe I made a project that can affect whether the company can get the next round of financing directly affect the company's survival is very likely

Alright, that's it for today's episode. If you learned something or you like my open and transparent sharing of my salary and experiences, remember to give me a thumbs up. If you don't want to miss out on similar content, remember to subscribe to my channel. Maybe the next video about public salary will be out soon. See you next time!