Tech exec explains equity, bonus, and salary

Video Description

💸 Courses and resources: https://colinlate.com Check out my full video listing actual salaries by role: https://youtu.be/q0i1NnOw8BI How can employees at tech companies make so much and become millionaires early in their careers? Should you join a startup or a public company? I'm a product management executive in Silicon Valley. Product managers, Software Engineers, and even Human Resources Managers at tech companies like Google, Netflix, Apple, and Airbnb can make tremendous amounts of money even early in their careers. In this deep dive, I'll show you the different types of tech salary that have made many early millionaires, including equity compensation. I will also show you how your compensation grows and changes over the course of your career. I will dig into the differences in pay between early to late stage startups and public companies. This is your guide to tech salaries. 💸🚀 TOP 10 PAYING ROLES IN TECH (no degree or coding required) - https://youtu.be/q0i1NnOw8BI 💸👩🏻‍💻 TOP PAYING TECH COMPANIES - https://youtu.be/q3pbAtUt2ww 💸🌎 TOP PAYING TECH CITIES IN THE US AND THE WORLD - https://youtu.be/vmLAQR-fU7I #careers #salary #techsalaries #techjobsthatpaywell #productmanagersalary #engineersalary #designersalary #marketingsalary #googlesalary #faang #techsalaries2021 #highestpayingjobsnodegree #techsalaries #breakintotech I am a tech product management executive and hiring manager who has personally hired for many types of non-technical and technical roles in Silicon Valley. In this video, I will show you why tech employees can make so much money and help you decide if you should join a startup or a large public tech company. The 3 types of tech compensation are 1. 💵 Base salary in tech 2. 💰💰 Performance bonus in tech 3. 💸💸💸 Equity stock or stock options in tech - $ Millions made here Bonus: Sales commissions for sales roles in tech The 5 stages of tech companies are 1. 🌱 Pre-seed - high equity and low cash base salary 2. 🛫 Early stage - a lot of stock options and below-market salary 3. 🚀 Growth stage - market base salaries and some stock options 4. 💸 Late stage - market base salaries and fewer stock options 5. 🏦 Public IPO - market base salaries and shares or restricted stock units (RSUs) 0:00 - Intro 0:47 - The 3 types of tech compensation: salary, bonuses, and equity 1:07- 1. Base salary 1:22 - 2. Performance bonus 2:01 - 3. Equity, stock, and stock options - Millionaire makers? 2:42 - Equity at early and late stage startups 3:11 - Public company stock 3:43 - Bonus: Sales Commissions 4:23 - How pay increases over time as a Google engineer 5:00 - How salary varies at each career level 5:31 - Pay over time as a Google Designer, Sales Manager, Data Scientist, and Recruiter 6:07 - Pay at the 5 stages of a tech company 6:21 - Stage 1: Pre-seed 7:00 - Stage 2: Early stage 7:39 - Stage 3: Growth stage 8:34 - Stage 4: Late stage like Airbnb and Uber before IPO 9:14 - Stage 5: Public company IPO like Google or Airbnb 10:03 - Chance of IPO or failure at each stage 10:32 - Different roles at tech companies: Which role will you choose? Check out https://levels.fyi/, LinkedIn, & Comparably for tech career leveling and salary data in your area or target companies. Title theme music by me Background music: Better Start Now by Kidpenny (licensed via Audiio)