我的100萬美金年薪公開

Hello everyone, I'm Terry. Everyone knows that my channel's goal is to be transparent and real. So many friends who came to my channel before, I would ask them, "What's your salary?" Except for some guests, I don't dare to ask, I'm afraid of being scolded. I haven't revealed my own salary all the time. So I decided to make this video today to reveal what my salary is in the previous company.

I think this episode is special because my previous company was a new startup. When I joined, there were more than 10 people in the company. Now the company is a single-handler company with more than 500 employees. Most of the salary is from the stock that the company used in the early stage. In terms of current market, it's quite considerable. So I think this episode is not only about sharing my salary in the previous company, but also to give some ideas to friends who want to join a new startup company. I think the most important thing is to share some of my experience working in a small startup company and some of the important experiences I learned.

I think this episode will be very helpful to you Especially if you want to enter a new company in the future Before the video starts Remember to give me a thumbs up first Because you know that a like will only take you 0.4 seconds A small action is the biggest support for me Have you finished the point? I worked in a company in Silicon Valley called Bolt Actually, there are many companies called Bolt But we are really Bolt I'll teach you a trick to see if this company is missing Just look at their website name Just know that the name is that kind of common word Like Bolt Apple

And then it's just a dot-com. It's usually pretty cool. In fact, many companies are called Bolt. What Bolt Finance, Bolt Delivery, Bolt Commerce Because the word Bolt is too simple and too catchy. So if there is a company with the name Bolt.com, it's really not easy. In fact, to be honest, I decided to go to that company. There is a small part of the reason is because they have the name Bolt.com.

As expected, when I first joined the company, I remember clearly that everyone who interviewed me was a senior engineer who jumped from Fendt. At that time, I was just practicing interviewing with this company. I wanted to warm up a bit, because I had already done almost all the legal work. Then I was ready to challenge Fendt. I needed to warm up before the challenge. But after I met Bob, I found that this company seems to be really cool. And the interview is actually quite difficult. The employees also jumped from the big factory. I thought at that time,

Why they are willing to come to this small company must be because of them At that time, it felt like FAN was not so attracted to me I was very curious about this company So actually I decided to go to this company The main reason is because of their team This is also a very important experience I learned later If you want to attract talented people to your company You have to be willing to spend money first and invite talented people to come

Because only strong employees will attract stronger employees Employees' standards will keep increasing Think about it If you are good today You are an interviewer When you are interviewing, the applicant didn't make you feel that he was strong enough You won't invite him over This will lead to more powerful people not only attract powerful people to interview Will also attract more powerful people

When I signed the offer, I joined this company in November 2018. At that time, the whole company was about 10 people. At that time, the company had just completed the financing of the A-class. If you don't know what A-class means, the size of the new company will be roughly divided into different stages. The beginning is Pre-seed. Before the end of the round, the company founders usually write codes in their own garage.

Next is the C round. This round may have about 1-2 million angel investment funds. Many companies do not have any users when it comes to C round. After that, it is A, B, C, and so on. Each stage represents a new round of financing. Some companies will be acquired by big companies in the B or C rounds. If you can hold the first round or the F round,

the chance of loss will be greater and greater. The most famous Figma recently was acquired by Adobe for $2 billion in the first round. The market value of a new company is usually calculated by the price of the investment person buying the shares in the last round.

For us, the structure of the new company is very simple. There are no three bonuses. Generally, the base salary is added to the stock. My base salary was 170,000 plus the stock. At that time, the company just finished the financing of the A-level. The valuation is 150 million, which is 150 million dollars. After about two years, the company just finished the financing of the first round of the year. The company's valuation

The public value is $11 billion, which is $1.1 billion. In fact, they are not already considered higher in this value, but the specific figures are not public. So if the annual value of $11 billion, the company has grown about 70 times since I entered the company. As for the stock, because the company's share of shares is always taken, the market value of the stock has risen about 50 times. If you calculate my annual salary, the base salary of $170,000 at that time, plus the market value of the stock now, the annual salary is more than $1 million.

The number of people who see it will be different Because the current red-line economy is not good Plus the company is not listed yet So you can also say that these are all not yet able to convert the value of money Like me, I joined a new company early on It was very uncertain at the time Even if the company is now in the first round Maybe they will go public after two or three years The stock I have in my hand may also become like this at the end Become worthless But in another direction If the company continues to expand and continue to finance Then the stock in my hand may also turn ten times in the future It's possible

This is the charm of early start-ups. After 4 or 5 years, you will be in a luxury car. What did I learn here? I entered this company at a very early stage. I didn't talk about the total share of the stock at that time. Although the value seems to be good now, it is because the company's valuation has doubled by 70 times. If I had been seriously negotiating stocks at that time, I think I could have obtained more than twice the stock. I didn't understand myself at that time.

It's hard to say if these shares are given to me or not So I didn't think too much at the time Because I don't know how this company will develop in the future I just think that the base seems to be good and the stock is also given Then I am very happy to receive this offer Here my suggestion is that if you want to join a new company Be sure to understand all the details of his shareholding for you Such as company valuation, the number of shares circulated How much percent do you take from the stock

Let's talk about companies in the A-tier. I think engineers can usually talk about 0.1% to 0.5%. Why is the share of the stock so important at the beginning? Because the new startup is not like a big company, which can give you a lot of benefits, such as bonuses, RSU, etc. Basically, it is a very stable revenge. You join a new startup, it is like investing your time in a very risky company. Its return must be high enough to make it worth giving up these stable income. If you didn't talk about a fair offer at the beginning, and if the company develops well afterwards,

It's like you missed a chance to make money. And usually when you find it, it's too late. At that time, even if the company is very disinterested, If you want to make up for your stock market share, The price of the market share will also be very high. Because the market share price of the market share will rise with every time. The advantage of joining the company in the early stage is that your market share price will be very low. May be closer to zero So remember to talk about your offer seriously.

I think the biggest value this company has given me in the past two years is not the stock market or salary, but what I learned and the connections I have with this company. One experience I think is worth mentioning is that when I first entered this company, there were no big clients. At that time, we would want to cooperate with any client. It was very affordable. As long as there is a chance to cooperate, we will find a way to meet their needs. Until I left the company, their target clients were already well-known e-commerce companies such as the level platform Forever 21.

Business has even expanded to Europe and crypto. In the past two years, I have observed how to run a technology company. I learned how to work with people who are good at it. How to lead their team. What made me completely change was the core values ​​of the company. How important is the future development of new companies? Specifically, I think there are too many things to share. But there is a takeaway here. I would recommend you to work in a company. Try to observe those who are good at it. How do they do things?

You can learn a lot from them The advantage of starting a company is that you can participate in many of the company's early decisions After these decisions will definitely affect the final company's success and failure You can get a lot of inspiration from the middle You will see the company make a lot of mistakes And then did a lot of right things Maybe next time you make a similar decision These experiences can be used Why did I resign at that time? I worked in this company for two years in total

The stock market share of the new company is 4 years of Vesting Schedule. 1 year of Cliff. It means that after the first year, you will get the stock market share of that whole year. Then you will get it every month. This way is to ensure that you can start to get stock market share at least after you have done it for a year. The first reason I quit is that I think the company was not developing fast enough at that time.

Actually, from the time I went in to the time I left, the company's valuation has not changed much. In the past two years, the company has only grown by about 3 times. For a new A-class, it is very slow. My idea at that time was that I didn't want to spend too much time investing in this company. I hope that in the next two years, I can change a company to distribute my time investment risk. There are some colleagues who were better when I went in. They are probably also leaving at that time. Some of the company's elders are not going to carry out all the期权 when they leave. Because the company gave the期权 price of strike price too high afterwards.

Usually, when you are out of stock, you have to pay 90,000 to buy your stock. It means you use the strike price to buy the stock back. If you don't pay the strike price, it will basically become a waste of money. The biggest risk of losing your stock is if your company goes bankrupt or is acquired at a low price. If the price is lower than your strike price, you are basically losing money. Yes, it is possible to lose money in the new startup work. So I personally think it is best to enter the new startup at the early stage of the company, such as the general director or the A-level. At this time, your strike price will usually be very low, basically closer to zero.

your risk will be much lower. Another time point is the later period. After the first round, the chance of loss will be higher. So if you want to enter in the middle, you must first ask how much your strike price is. Then you can go and calculate. If you want to leave later, how much money will you need to pay to carry out your strike? This is very important.

Many people want to quit but they don't have the money to do so. So they choose to stay in the company. This is called "Golden Hand Cuffs". The second reason why I quit is that I got what I wanted for two years. The company is still young and has a lot of opportunities to develop. But I prefer to try new fields and groups that I haven't been in contact with.

I think changing a company can increase my perspective and make it easier for me to adapt to a new environment. In fact, this depends on your personality. For example, my personality is that I find it difficult to be satisfied in a place. Of course, there are many benefits of staying in a company. Because the company is new, I was also an senior employee at that time. In fact, there are many opportunities to climb up. But I don't have much desire to climb up the ladder of my own life. What I like more is to try different things and solve different problems. And I think jumping rope is the fastest way to improve your life.

The purpose of this video is still the same, not to show off what To be honest, these stocks that have not yet lost their companies may actually become out of stock one day The purpose of this video is to share some of the things I learned in startup in the past two years In summary, if you want to start a startup, you must go to LinkedIn to see where the employees graduated I'm not talking about graduation, but what companies I've been to, what I've done, and then from the interview process to understand their ability Many people think that interviews are interviews or companies to check your skills I think it's actually completely the same when you face a startup

you also need to make sure that this is the team you want to join. Because new founders are not like big companies, they have a lot of money and resources, and the nursing team is still making a lot of money. If the new founders have a lack of team ability, basically the money of the investors will be burned out and you will not only waste your time, but also lose money. So you must seriously check the team's ability and the leadership's strength.

Second, if I'm the boss of a company, especially in the business stage, when hiring people, I think it's necessary to spend the money you should spend and generously give shares to attract talent. If you raise the configuration of the company's senior team, you will save a lot of money and time to try and make mistakes in the future. Because the stronger people will attract the stronger people to enter the company. And usually the powerful people don't need you to tell them what to do. They will find things to do by themselves.

For example, the former director of AI at Tesla, Andre, is a very famous AI expert in the industry. He can attract so many AI talents to work at Tesla. In fact, Tesla's salary is medium to low in the technology industry. But everyone still wants to work there because there is a strong leadership team.

Finally, I want to say that I am actually relatively lucky to have such an opportunity to learn a lot from good companies. Even some things that may never be learned in FANG But not every new startup is like this Sometimes you will really encounter very bad companies Maybe you can't see it at first, but after a long time you will find that the culture is very toxic Or the leadership team is very incompetent

I would recommend that when you find out, consider interviewing other companies as soon as possible. Work is actually the same as feelings. A toxic relationship not only wastes your time, but also makes you very unhappy. Okay, that's it for today's episode. If you like this video, remember to give me a thumbs up. You are also welcome to share your thoughts in the comments below,

or the experiences you have had in the new field, or what you have learned. If you haven't subscribed to my channel yet, remember to subscribe. Because you know that subscribing will only take you 0.25 seconds. You are also welcome to follow my IG. I will post some more lively things, and some information about my investment stocks or other things. See you next time.