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[quote=Anonymous]There is definitely a bubble, it's evident if you spend any time in the bay area. (well, I suppose it would help if you had spent time in the bay area during previous bubbles.) "Irrational exuberance" does not even begin to cover the tech atmosphere in california right now, and real estate is also busy doing its effervescent thing.

Regarding the "unlimited" vacation and sick time- that's just an accounting shell game. accrued sick leave and vacation in a formal plan becomes a running debt on the company's books, as they might be called on to pay it out at any time. So the startups and the companies running on lean margins have moved to the "unlimited" plans because then there is nothing to pay out if an employee leaves or the company goes under. Also, people tend to take less vacation when they mentally think "well, I can take as much as I want... later."

Re: options, for both RSUs and options, there is usually at least a 12 month cliff after the board approves the grant, and then remaining stock vests monthly or quarterly thereafter. RSUs are the least headache, but get taxed as straight income on your W2 regardless of whether you sell or hold. ISOs require careful tax considerations around AMT. What round of funding are they at? Will they allow an 83b election? (Can you carry the risk of an 83b election?)

Personally, I am looking to go the other way. Currently working for a CA tech company, hoping to get a federal job. Not even considering any other CA tech company. It's insane out there.[/quote]

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