- Tram Ho
The answer is not what to do to earn that money, but an effort to create values that are much greater than that amount.
The income of USD 500,000 (equivalent to more than VND 11 billion) is a dream income level for anyone, even if it is a software developer – who often have a high income level compared to other professions.
That’s probably the reason for an interesting question on the Quora forum, ” What software developers need to do to earn $ 500,000 a year ?” – a very straightforward but interesting question. And it was answered by this person in the profession personally. The answer was Amin Ariana, a technology entrepreneur and a former Google employee.
It is worth noting that Ariana’s answer attracted more than 1 million views, as well as being upvote more than 16,000 times (a form of approval with answers) on Quora. Perhaps the attraction lies in not only because it refers to the issue that everyone cares about, but also because the answer really inspires people.
The problem is not $ 500,000
“ I am a former Google employee. But this answer does not represent the company. ”
The premise of this question is a mistake that no “income” guarantees a fixed $ 500,000 for engineers. These unusually high incomes are often a combination of salaries and bonuses with limited stock (RSU).
To explain what you need to do to achieve this income level, I will give a similar parable like this:
If you are a worker working to supply water to a village, you are valuable to that village. At this time there will be two types of workers.
- Worker type 1:
Take one or two empty buckets, go to a nearby freshwater lake, fill the bucket with water and turn around, making about 20 people happy. He would drink some water on the way and when he came back, he would get himself a few other countries to take home.
- Worker type 2:
This type of worker is not interested in how much water he can carry. Instead of grabbing a bucket, he took a shovel and a small cup, and disappeared for a while. He dug a stream from the lake to the village. Usually he disappoints people by returning home with an empty cup. But the old people in the village still believe in him for some reason and want to keep him (also give him a bone so he doesn’t starve to death for a while).
One day, he suddenly appeared with the stream flowing continuously behind his back. He made a first-class worker removed from the water business. They will have to go to another job and “team work” together. The second type of worker, depending on the ability to control the stream, will own part of it. Because the village wants to acquire and integrate that stream, Type 2 workers will exchange the ownership of the stream to obtain the same valuable ownership in the village, usually a plot of land or Similarly.
People inspire others
Now let me tell you a true story.
I am in Monterey Bay to welcome this year’s new year. I stood there with my wife, watching a young man begin digging a hole. My wife is enjoying the beauty of the beach, where everyone is busy ignoring the guy. I pointed at him from the top of the observation deck and said to my wife, ” Look. In 30 minutes, everyone will dig for this guy . ”
30 minutes later, he dug a small stream of water from the sand castle – or the moat – of him with the ocean. The water must rise from the ocean to fill his moat, so he is busy changing the slope of the water to protect the moat. Five minutes later, the children discovered that it started digging with him. By 10 minutes later some adults also started digging with him. By 55 minutes later, the foreigners timidly with the camera in their hands also began to dig. In 60 minutes, a type 2 mechanic inspired 15 first-class workers to complete the water flow.
Below is the image after the project is completed, commemorating your bet on an individual’s strength. The boy with the purple bucket is the beginning of this water, even though you won’t notice it if you just look at this picture.
The omitted details here are that not all sweat works with equal value. The second-class worker is always ready to break some rules, become an outcast and starve for a while to create an automatic stream of properties for the village. The first worker expects to be “paid” immediately for this value by demonstrating “skill” or “task.” There is no theoretical basis for delivering the desired results. The key difference is that taking risks does not guarantee.
It can be seen that most of the pioneers in that village (here Google) are second-class workers who have been hungry for years before establishing a billion-dollar revenue stream. Those who receive large RSU amounts include those below:
1. Participate from the early days, responsible for creating an important core value.
2. Accidentally creating value from a side project but it turns out to be valuable.
3. Leave the village to start another village.
4. Somehow gain exclusive knowledge about a value stream.
No risk, no success.
Some people pointed out that they had trouble turning this allegory into their reality. Others ask questions about the negotiating tactics needed for employees to ensure the level of shares can compensate for their contribution to the company. Some others criticize that the allegory does not really answer the real question. Most of these comments are looking at the worldview of a first-class worker, who is still pursuing “paid”.
In May 2009, a mechanic eliminated an application into a position at Twitter. He was rejected. By August 2009, he applied again to a position at Facebook. He was rejected again. He decided to go on a “risky” journey and chose to become a second-class mechanic, digging a stream of revenue from the Ho Nhan Nhan region’s contact needs to the Village of Enterprises – including both refused to let him become a first-class mechanic.
On the way, when he and another friend were digging that stream, their inspirational group grew to 55 individuals, and the elderly in other villages also gave them some bones. Initially $ 250,000, then $ 8 million and finally $ 50 million from Sequoia Capital when the success of the revenue stream becomes clear.
Three hours before I wrote these lines (the answer was written by the author in 2014), CNN announced that the stream of these two workers was “bought by Facebook for $ 19 billion” (that’s is the Facebook acquisition of WhatsApp in February 2014).
And Brian Acton, after five years of “digging a revenue stream” for Facebook’s business, has now become a stakeholder in Facebook – a place he once applied for and was denied.
Tweets have a timeline from 2009 before he started “digging streams”.
Two months later, he missed the next interview on Facebook. 5 years later, Facebook spent 19 billion USD to buy his startup, Chat WhatsApp application.
Do you think that 55 employees will need to negotiate to get $ 500,000 a year at Facebook?
Or do you think Facebook will be forced to pay larger salaries and invest their capital in fear that they will decide to leave the village as soon as the check is signed?
Second-class workers do not compare or negotiate wages, because he does not sell services to the village (or that enterprise). He sells unnoticed wealth. Basically, the village had no choice but to compensate for him in accordance with the value of the wealth he brought. The wealth in his hands can be exchanged to make both agreements better (look at the rise of Facebook shares after the deal).
The question is not whether there will be such an agreement. The question is whether this particular village will sit on the other side of the table when the deal goes on. And when water comes to the village, the number of zeroes added after the $ symbol will no longer matter.
According to Nguyen Hai
Source : Cafebiz