On: SpaceX alums are branching out and shaping the sta...

[llamaimperative]

It definitely is not. The 99.999% case for startups is you walk away with nothing, and that’s true even if you’re good enough to crush it at FAANG.

Crush it at FAANG for a few years and don’t spend like crazy and you’ll be a multimillionaire.

[speakfreely → llamaimperative]

The definition of multimillionaire is a bit vague here, but I would assume the OP was referring to being in deca-millionaire territory. That is much more rare to accomplish at a FAANG company.

[xvector → speakfreely]

The average SWE at FAANG can become a deca-millionaire over the course of 20-25 working years.

Starting from $0, this requires saving $125k a year for 21 years to reach $10.06M at an 11.88% interest rate, which is the S&P500 average. Well within the capability of any senior SWE @ FAANG, and it only takes 4 years to get to senior.

But then capital gains taxes hit.

Anyways, yes, a startup employee on the other hand can become a deca-millionaire in a year or two.

[airstrike → xvector]

Also the S&P average is more like 7%. But those SWEs also are issued stock compensation which can accelerate those savings meaningfully