The eli4d Gazette – Issue 070: Sarah Drasner’s Amazing Article about Learning to Learn and on Startups and Stock Options

(Pretty) Please read Sarah Drasner’s Amazing article about Learning to Learn

This is absolutely the best article that I have read about learning in a very (very) long time: https://css-tricks.com/learning-to-learn/. The article is excellent because it is comprehensive and actionable. Sarah shows the steps she takes to learn in a very well written and detailed way.

On Startups and Stock Options

I came across an interesting Hacker News thread discussion stock options. It’s an interesting back and forth about the value of stock options and whether it is worth giving up on salary for something that’s not likely to yield anything.

I think that user’s code4tee comment is quite on the mark:

Easiest strategy is to just assume the options are worthless and base your comp assessment on that. Doing otherwise sets people up to get burned badly. Furthermore the risk reward for all but the founders is typically significantly lopsided.

If you can accept the risk great, but again assume you’ll never see a penny from options or far far less than you might think (as the calculator highlights nicely).

If things go well you’ll get a nice bonus. Not life changing for the vast majority of people, but a nice financial surprise.

The mistake most people make is accepting far too little cash comp on the grounds that their options may be worth something some day. When they turn out not to be they get burned twice. First on not getting that money period, and second on not having higher cash comp all along which means they also missed out on compound savings or investment with that money.

Net net see options for what they are in most companies—-a way to “pay” people when the company can’t really afford to pay people.

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