Top tier compensation makes you feel small.  

 https://www.youtube.com/watch?v=7VwEOyAcvJM 

 

He has to contend with stack ranking & commuting but he's paying $400 more rent for a lot more space in Union City.  


 

No view, but


 a kitchen.

 


 


 His commute is from Union City to Menlo Park, probably a long combination of BARF & company shuttle.




Worth $400k by age 24, making $20k/month, because he had exceptional academics, Magna Cum Laude at UC Riverside. He front loads all his 401k contributions like everyone else but has another $70k in roth 401k benefits.

 https://www.linkedin.com/in/raymondwzeng/

 https://www.youtube.com/@raymondwzeng/videos

He joined face/meta/ai/whatever 1 year before that video & has survived every round of layoffs since then.  Outside work, he gets the hell away from programming & sews clothing.

 His expectation of retirement by age 40 with over $6M resembles what lions expected in 2000.  The odds favored lions getting some 10,000 shares at $100/share or $1M.  It was enough to retire in those days.

https://www.essexapartmenthomes.com/apartments/union-city/verandas

 To get 1 of those top tier jobs, lions would have to pay $200 more in rent, have a lot less time, but would typically make $2200 more until the good times ran out.  Lions would not stay long enough to vest in any stonk options.  Lions imagined taking 1 of those jobs & moving after 55, as a toy job.  There might be an element of nostalgia in it, for a time, place & colder climate, but the fact is younger lion didn't have to do anything for 1/3 of the year.

--------------------------------------------------------------------------------------------- 

Lions make a pittance as they always have, yet lots of animals in the bay area still make less.  Power meters are a very small industry compared to the engagement economy.  Management is doing what it can with a very limited addressable market, very limited fundraising ability, very limited knowledge base with which to pivot.  They basically have a very high aptitude for just 1 niche.

A once annual blockbuster contract for us is $500k. Typical contracts are $250k.  Annual revenue for us is $5-7M.  That's not enough to raise a funding round, let alone file for an IPO.  Management's only goal besides staying afloat is selling the business.

3-4 guys left in the last 5 years, directly relatable to low compensation & high stress.

https://www.linkedin.com/in/daniel-roberts-b59b5726/

Most employees stay because they're not in the most stressful roles & truly aren't aware of what is normal compensation elsewhere.  After the place is acquired, they're going to let most of us go with a 4 figure stonk option payout.

Lions are firmly headed towards the early & minimal retirement option, exiting with just the minimal amount for a college student lifestyle.  There's a high chance of exiting earlier with less & no real prospect of working beyond 55.  It's just not going to pay enough to justify staying.

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 Add realtime unsharp to the features gootube won't be adding to the authorized player.

 

 

 

 

 

 

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