> One former employee said their son was admitted to the ER after a car crash. While he was still in the hospital, they said, their boss told them to get back to work. Another said he was asked to work on his honeymoon. When asked about this, a Razer representative told Kotaku that they are a “family-friendly employer,” and have adopted policies aimed at supporting employees with families.
I guess that "family-friendly" means whatever the company wants it to mean.
> When Razer finally did go public, in November of 2017, some estimates put the company’s reported valuation at as much as $US4.55 ($7) billion. ... In the weeks and months to follow, when Razer employees finally got those long-promised checks, some did indeed get the big paydays they’d hoped for—in some cases, upwards of $US200,000 ($292,612). Others, however, said they were underwhelmed by the results. “We didn’t get what we expected based on the initial [stock] letter,” said a former employee. Said another, “It was used car money.”
$200K is not a big payout at all. It barely covers the hours of unpaid overtime an employee would have put in over a period of several years. Employees could have done better by investing money in an S&P 500 mutual fund. But the CEO is now a billionaire. Employees of pre-IPO unicorn companies, take note.
Startup employee is a job you take for the fun, not for the money. That’s why it’s predominantly taken by twentysomethings looking for adventure, and why so many of them crash and burn for lack of even an iota of relevant experience, both technical and business.
I guess that "family-friendly" means whatever the company wants it to mean.
> When Razer finally did go public, in November of 2017, some estimates put the company’s reported valuation at as much as $US4.55 ($7) billion. ... In the weeks and months to follow, when Razer employees finally got those long-promised checks, some did indeed get the big paydays they’d hoped for—in some cases, upwards of $US200,000 ($292,612). Others, however, said they were underwhelmed by the results. “We didn’t get what we expected based on the initial [stock] letter,” said a former employee. Said another, “It was used car money.”
$200K is not a big payout at all. It barely covers the hours of unpaid overtime an employee would have put in over a period of several years. Employees could have done better by investing money in an S&P 500 mutual fund. But the CEO is now a billionaire. Employees of pre-IPO unicorn companies, take note.