"Just 14 months ago, a senior software engineer accepted a $571,000 package that included roughly $250,000 in stock options, according to tech industry compensation platform Levels.fyi. That equity award was worth about $1 million on paper at the time. Now, it would be valued at an eye-popping $23 million, according to estimates from Hakeem Shibly, a data guru at Levels.fyi."
""These are illustrative, 'paper' calculations" using pricing from the startup's financing rounds, which include preferred stock, Shibly wrote on LinkedIn. The value of common stock and other types of equity may be different. And the estimate also doesn't account for potential dilution through things like option pool refreshes, secondary share sales, and stock splits. Still, this is a potent illustration of the AI-powered wealth being created right now in Silicon Valley."
A senior software engineer accepted a $571,000 compensation package 14 months ago that included about $250,000 in stock options. The equity award was roughly $1 million on paper then and is now estimated to be worth about $23 million due to Anthropic's valuation surge. Anthropic's valuation rose from about $12.5 billion in early 2024 to roughly $183 billion. Levels.fyi collected the offer data and provided the estimate, noting the calculation uses preferred-stock financing prices and is illustrative. The estimate excludes potential differences for common stock and doesn't account for dilution, option-pool refreshes, secondary sales, or stock splits. Engineers have seen rapid wealth growth, reducing turnover.
Read at Business Insider
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