Where did you work and how much money did you make?
Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.
I have had ESOPS in 2 companies #1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualized salary ( so additional salary for 18 months) #2 - Company became unicorn ... I quit and company bought my ESOPs . Got 2 Cr That is 3X of my annualized salary
Company 1 - I had joined at very early stage ; Company 2 - I joined at mid-stage
That's some amazing numbersđ
How are you still a student?
Many zomans I know are filthy rich already.
Like upwards of 5 cr? What's the range like?
Ex Zoman here. I know a lot of people who made 3 - 10cr. These people stayed at Zomato for six years.
I used to have 65L, atleast thatâs what it showed on the portal, now Iâve left the company itâs dropped to 6L
Ps. They did do a buyout and I did encash around 5L
Wow, getting something to materialize from esops is a big deal.
My managers used to say, I would get 2 cr out of my esops đ
I left with zero.
True.. it is quite rare!
2cr to zero is quite the drop, I think the key is to keep expectations to zero when it comes to ESOPS
Unacademy making people rich, really?
I have cashed out ~30L and have 1.5 Cr of vested esops for future liquidation.
ESOP success stories are real.
This was buyback? Not IPO I suppose. How many times the value increased?
IPO wouldâve been much larger. This was buyback. Value of initial grant while joining increased 50X.
I still wish I shouldâve negotiated the deal more on ESOPs than cash when I joined.
Please share how your company esop policy is. Is it really valuable for employees or just used to create hype and retail talent. How many years can you exercise them after resignation? How did the taxation go if someone has been lucky e...
Hi all,
As the title suggests, I want to know if there are consequences associated with quitting a company in just 3 weeks.
I've joined an early stage startup as one of the first few hires in the product team. The pay and work is reaso...
What's the value of your ESOPs when allotted to you and their worth now? Or they just melted like soap?
Hey everyone, excited to be doing this AMA!
A brief about me, I work currently as a Director of Product at an Indian unicorn startup
About my career: