Big Tech Wealth Path
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Sam Parr shares insights about tech compensation through the story of a Stanford graduate's job offers in 2014 and their value 8 years later, demonstrating how tech companies can provide a relatively safe path to significant wealth accumulation.
Key Points:
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2014 Initial Offers (Salary + Stock):
- Twitter: $190,000
- Facebook: $200,000
- Microsoft: $200,000
- Square: $160,000
- Google: $250,000
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8 Years Later Value:
- Twitter: Remained roughly the same due to stagnant stock
- Facebook: Grew to $220,000 (down from peak due to stock decline)
- Microsoft: Increased to $300,000
- Square: Grew to $580,000
- Google: Increased to $700,000
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Key Insights About Tech Compensation:
- Exponential growth is hard to understand intuitively
- 7% annual growth means doubling every 10 years
- 30% growth (common in tech) means doubling every 2-3 years
- Leveraging multiple offers is powerful even for early-career professionals
- Current market conditions (2023) present unique opportunities:
- Public company valuations have reset
- Companies like Square, Facebook, Twilio, Robinhood, Hubspot, Coinbase are "pretty low"
- Potential for equity worth "8 figures in 10 years"
- Exponential growth is hard to understand intuitively
-
Career Strategy:
- Target fast-growing tech companies with 1000+ employees
- There are "a million+" such jobs available
- While the bar is high, it's "a fairly safe way" to build wealth
- Current market conditions make it an especially good time to join
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.