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(keitai-l) Re: Stock Options in BV

From: a.goh <go_at_arcjapan.com>
Date: 05/15/00
Message-ID: <018f01bfbe79$530c52a0$84b54ca5_at_usinet.youme>
>Sorry if this post is way off topic, but you folks seem to be the perfect
>people to ask...
>
>Has anyone working in Bit Valley been asked to join a startup at a
>relatively low salary, with stock options provided as incentive in lieu?
The
>reason I ask is that some BV startups are offering salaries like
>JPY1,200/hr, or JPY210,00/month, for positions required fairly
sophisticated
>programming skills (cgi, Flash, mobile Web, etc.).

I wouldn't be surprised if some cash-stripped companies in Shibuya do such
an "offer", but it al£́ depends on who you'd classify as "a BitValley
company".

In general terms, there are two noticeable differences from, say, Silicon
Valley:
i) Engineers are paid as much as non-engineers and according to the age.
   Y1,200/hr is a fairly good rate for developers still in college and CS
majors from top schools with a few years' experience, if available, can be
hired for $30,000-35,000 - after the stock-option discount.

ii) Under current Japanese law,  a company capitalized Y10 million (minimum
legal) can reserve only 20 shares for stock options. For a future-Rakuten
worker, this may be very lucrative; for others, forget.

a.goh
E-Economy list (info in Japanese):
http://www.freeml.com/GroupInfo.cgi?Group=eeco
Received on Mon May 15 17:25:59 2000