WobblyBurrito

"ESOPs made me rich af"

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.

10mo ago

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SqueakyNarwhal

Student10mo

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

PrancingBagel

Stealth10mo

That's some amazing numbers👏

DizzyLlama

Freelancer10mo

How are you still a student?

BouncyQuokka

EXL10mo

Many zomans I know are filthy rich already.

WobblyBurrito

Unacademy10mo

Like upwards of 5 cr? What's the range like?

GoofyBagel

Stealth10mo

Ex Zoman here. I know a lot of people who made 3 - 10cr. These people stayed at Zomato for six years.

ZoomyPotato

Stealth10mo

I used to have 65L, atleast that’s what it showed on the portal, now I’ve left the company it’s dropped to 6L

Ps. They did do a buyout and I did encash around 5L

SillyBurrito

Stealth10mo

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 😂

I left with zero.

ZoomyPotato

Stealth10mo

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

SillyDonut

TCS10mo

Unacademy making people rich, really?

WobblyBurrito

Unacademy10mo

Old employees higher ups have huge salaries. Educator winning wars and get paid a lot. New hires aren't paid so much. Unsure about the valuation. Hopes are high.