Snapchat offers fresh Stanford grads $500,000 starting (salary and stock)

[tonym9428]

Originally Posted by jnojr

And what happens when SnapChat isn't "hip" any more, and nobody pays attention to it?

God forbid. There are zero jobs out there. What are these kids going to do?

Seriously, these people will just go get another job when it's no longer "hip".
Shocker...I know

[jnojr]

Originally Posted by tonym9428

God forbid. There are zero jobs out there. What are these kids going to do?

Seriously, these people will just go get another job when it's no longer "hip".
Shocker...I know

You missed my point. The whole premise of this thread was the "$500,000" they're paying, which is mostly stock options, which don't vest for four years, which is very possible long past any relevancy for this faddish app.

[jnojr]

Originally Posted by tonym9428

Lay off the drugs.
Your numbers are off by a lot.

If you think $100K is any great shakes in the Bay Area, I want to make absolutely sure to avoid whatever drugs you're taking.

That always seems like so much money to those who make so much less.

[tonym9428]

Originally Posted by jnojr

If you think $100K is any great shakes in the Bay Area, I want to make absolutely sure to avoid whatever drugs you're taking.

That always seems like so much money to those who make so much less.

Yeah, keep telling yourself that most new CS, psych, econ, art history, etc grads make 100K in their first jobs.

Even if we disregard all other occupations and look at all employees (not just new grads), then sure...congrats!
https://www.glassdoor.com/Salaries/s...59_KO14,31.htm

[High Altitude]

Originally Posted by MLSFan

value is probably them hoping to build name then getting bought out for more money later on?

Exactly.