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Can you make “big money” as an employee in software?

53 点作者 swimorsinka大约 10 年前

19 条评论

philbarr大约 10 年前
At least I can make database connections as an employee in software.
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api大约 10 年前
Yes, in a few ways I am familiar with:<p>(1) Finance. They make so much &quot;free&quot; money that they can afford to just pay massive salaries and not blink. You just have to be okay with doing things that basically add no value to anything.<p>(2) As a <i>very early</i> employee in a hugely successful startup. But this is roulette, since most startups fail and some only succeed after so much dilution that your share ends up tiny.<p>(3) Working your way up to a CXO level (or near) role in a very large established company. This is hard and takes years of both work and corporate politics.<p>(4) There are some niches, like doing IT for oil and gas operations in remote areas, that I&#x27;ve heard pay very well... but these are almost like joining the army.<p>I&#x27;d say #1 and #4 are probably the most straightforward. If you want to pursue #2, you should approach employment with a super-early startup by thinking about it as if you are an investor. Would you take a small chunk in a seed round with this company? If not, pass, cause if you are taking a lower salary + equity <i>you are making a seed investment</i>.
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arbitrage314大约 10 年前
If you want to make &quot;big money,&quot; you should pretty much avoid WORKING at startups at all costs. Instead, get a high-paying job at an established company, and invest the difference in the startup&#x27;s equity.<p>I&#x27;ve considered lots of startup jobs because I believed strongly in the companies. Every single time, however, I was able to get a larger chunk of the company by keeping my current job and simply investing.<p>To give an example, my current job pays about $250k, and one year, I invested $100k of that into a startup, leaving me with ~$150k of salary. This $150k + startup equity was a better deal than the startup was offering in both salary and equity. Plus, equity bought as an investor is much less tax toxic than equity options received as an employee of a startup.<p>On the other hand, most people who work at startups aren&#x27;t interested in money. If that&#x27;s you, that&#x27;s totally cool, and I respect that!
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beat大约 10 年前
I have a term I call &quot;win at money&quot;. You&#x27;ve won at money when you have enough capital to live comfortably for the rest of your life just on the interest from low-risk investment.<p>Can you win at money in software? Yes, but pretty much only by founding your own company or being among the first handful of employees at a startup that gets huge. On the other hand, you can make a comfortable middle-class living at software very easily.
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hacknat大约 10 年前
I know an Engineer at Microsoft who makes in the $500k+ range. Trust me, none of you would envy him (okay, some of you might). The way he does it is he&#x27;s the guy who solves tough (not necessarily interesting) technical problems in the shortest time possible for x important feature. When .NET 4.5 was shipped you couldn&#x27;t use the `await` keyword in a try-catch statement, because there was some issue with the debugger. He created a proof-of-concept in one month, but he threw an ungodly amount of hours at it. He&#x27;s divorced and he lives at work. He&#x27;s gets huge stock bonuses every time he does something like this, but, IMO, it&#x27;s cost him a lot to get that money.
bdcravens大约 10 年前
Key word: &quot;employee&quot;. Where someone else tells you what to do and controls your destiny. You can wrap it up in whatever words are prettiest, but employees serve the founders&#x27; visions for the product, financial rewards, etc. (which is of course perfectly fine, given the risk founders take)<p>That doesn&#x27;t mean the only choice is to become a founder, not everyone is there yet. Looking at the article though, you see the bias that defines so much of the literature: despite the fact that we&#x27;re creating software that reaches the world, the only place to get a job is the west coast of the US, right?<p>Wrong. There are tons of places doing 7 and 8 figures in industries driven by software. Small businesses. Be prepared to rethink how your career works. If you want to just hack and live in your little hacking world with your fellow hackers drinking hacker beer and listening to hacker music, then you&#x27;re just an employee. If you&#x27;re willing to stretch, and embrace what makes business happen, and apply your technical skills to those problems, and tie your success to the success of the business, there are some tremendous opportunities to be had. There are plenty of non-VC&#x27;ed businesses owned by people making real money who are more than happy to reward those who help them make more.
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nakovet大约 10 年前
In between GlassDoor data he talks about founders being the Lords of the Startup Feudalism and I kinda agree, companies used to pay 25-40k to an employee, a programmer&#x2F;engineer can take several jobs from the industry henceforth the salary is 3x the regular salary. However the successful founder become rich and invest in other companies small, medium, big and help raise the inequality.
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mathattack大约 10 年前
The link was dead. But to answer the question - I&#x27;ve known several engineers who have done very well. It&#x27;s not $100+ million money, but in the 5-10 million range. The key was both being visibly talented (the kind of people universally recognizable as being capable of solving the hardest problems) and joining companies that grow like a rocket (Apple, Google, etc).
ultrasaurus大约 10 年前
As the informal statistics police, I&#x27;m uncomfortable with directly comparing jobs such as lawyer or doctor that require specific (and in the doctor&#x27;s case limited) degrees to ones that anyone can claim to be (there are no 15 year old part time doctors).<p>Also, while maybe not relevant to a discussion of $200k+ jobs, averages among employed people may not be the average relevant to you -- it&#x27;s much easier to find work as a junior marginal software developer than a junior marginal lawyer.
JanneVee大约 10 年前
Found an archived link of it if you get the database connection error. <a href="https://archive.today/WyTCF" rel="nofollow">https:&#x2F;&#x2F;archive.today&#x2F;WyTCF</a>
signa11大约 10 年前
was it peter-thiel&#x27;s talk that mentioned that you are not a lottery ticket ?
army大约 10 年前
Great, another person who doesn&#x27;t understand marginal tax rates.
3327大约 10 年前
startup case:<p>the short answer is no. Why ? Statistics. 1-2% doesn&#x27;t get you anywhere, after dilution, vc&#x27;s getting, stake and if an eventual takeover happens. A 50mn takeover will leave a founder with about 6mn is an O.K aprox. Granted he had 50% of the company to start with, where does that leave you?<p>established company case: As an employee you can hit the 1mn mark over a few years depending on the company. But that depends on what you mean by &quot;big money&quot;<p>Assumptions: big money &gt; 5mn
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tracker1大约 10 年前
NOTE: In many locations without a degree you can&#x27;t call yourself an &quot;Engineer&quot;.
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jrockway大约 10 年前
&gt; Because California income taxes are 10%, salaries in San Jose lose an immediate 10% when compared to those in say, Seattle.<p>But I get to deduct state taxes from my federal taxes, so it&#x27;s not exactly 10% different.
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beachstartup大约 10 年前
site is down.<p>after starting my own company and seeing modest success, i wouldn&#x27;t want to get rich any other way. i feel much more in control this way, and even if it is an illusion, it&#x27;s a useful one.
svimma23大约 10 年前
Blog is back up now
Aqueous大约 10 年前
&quot;Error establishing a database connection.&quot;<p>I see what you did there.
gue5t大约 10 年前
Fuck money. Hacking is about the novel manipulations of technological systems, and you&#x27;re supposed to be poor while you do it.
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