Hacker Read

opportune | karma 14424 | avg karma 3.95 · 2021-03-21 06:35:52+00:00

Probably most people I work with in their 30s or 40s are multimillionaires.

WalterGR | karma 4364 | avg karma 1.3 · 2021-03-21 08:04:53

Yeah? On paper, 401k, or elsewhere? Where have they worked and for how long?

Because in my experience, the “everyone who works at a FAANG is a multi-millionaire” meme is 100% bullshit. Especially when I read things like https://news.ycombinator.com/item?id=26336029

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astrange | karma 14132 | avg karma 1.32 · 2021-03-21 08:26:12

What company uses the scale in this comment? (IC5 IC6 IC7 etc)

Zanneth | karma 346 | avg karma 2.25 · 2021-03-21 08:38:08

At least Apple does. I'm not sure if other companies use it as well.

astrange | karma 14132 | avg karma 1.32 · 2021-03-21 08:50:21+00:00

It's not the Apple scale though. I mean, it looks like it, but the details are different.

opportune | karma 14424 | avg karma 3.95 · 2021-03-21 19:32:26

I never said everybody is, but I do think most people who have been at FAANG or companies that pay in the same ballpark like trendy late stage pre-ipo companies for 10+ years are or are close (especially if we define multimillionaire as >2m networth including 401k and house equity, and include household wealth for married couples).

My other comment you linked I still stand by. But you don't need to be IC6/L6/E6, refreshers and equity appreciation are very powerful if you are lucky enough to get both.

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refurb | karma 27208 | avg karma 1.53 · 2021-03-21 09:31:59

Definite humblebrag here.