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The Skip podcast

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9 snips
Jul 16, 2023 • 31min

Shadows of your Superpowers (Part 1)

Today’s episode breaks down the shadows of your superpowers. These are a type of development area that is associated with your greatest strengths, and these apply to people inside and outside of tech. Shadows are one of the most elusive areas of self-development and, therefore, one of the most limiting to your potential. You may very well be unaware of yours. While shadows are surrounded by complicated personal and workplace dynamics, understanding them is likely one of your best opportunities to unlock the next step in your career. Today’s discussion covers:What shadows areThe complex dynamics which make them easy to dismissHow to identify yours4 reactions people have when their shadows catch up with them10 common examples of shadowsHow to address your shadows and move from acknowledgment to action Where to find Nikhyl:Twitter: https://twitter.com/nikhylLinkedIn: https://www.linkedin.com/in/nikhyl/Threads: https://www.threads.net/@nikhylsinghal Timestamps:[00:00:24] What’s covered in this episode[00:02:16] Introducing the shadows of your superpowers[00:04:00] How this episode is structured[00:04:40] The unique nature of shadows and why they’re so elusive[00:07:24] When your shadows catch up with you[00:08:02] Four reactions people have when their shadows catch up with them[00:08:07] Reaction #1: Fight[00:08:22] Reaction #2: Withdraw[00:08:53] Reaction #3: Ignore the shadow[00:09:31] Reaction #4: Confront the shadow[00:10:29] What separates shadows from regular development areas[00:14:07] 10 common examples of shadows[00:14:14] Example #1 - The great storyteller[00:14:51] Example #2 - The collaborator[00:15:38] Example #3 - The straight shooter[00:16:36] Example #4 - The process expert[00:17:32] Example #5 - The idea person[00:18:18] Example #6 - The wartime individual[00:19:30] Example #7 - The industry expert[00:20:44] Example #8 - The hard worker[00:21:27] Example #9 - The sacrifice[00:22:39] Example #10 - The future thinkers[00:23:38] Advice on what to make of all this[00:26:08] What it takes to address your shadows[00:29:32] Episode conclusion
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34 snips
Jun 19, 2023 • 35min

Six Superpowers for Product Managers

In this episode of The Skip podcast, Nikhyl Singhal presents an enlightening discourse aimed at aiding tech industry professionals in their career growth. Through a new 30-minute coaching format, Nikhyl explores the transitions between managerial and individual contributor roles, emphasizing the significance of tackling six ambiguities in product management: product, growth, domain, market, organization, and team. He introduces these distinct skills and types of product managers, each uniquely contributing to the tech landscape. Nikhyl also addresses the often-overlooked organizational complexities and the vital role of team management. Most importantly, he stresses the significance of expertise and specialization over general managerial roles, busting common misconceptions about career growth. Tune in to this invaluable episode for profound insights into career development in the tech industry.Connect with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | Facebook Time-codes:00:00 - Introduction to the Skip podcast and new format focusing on 30-minute coaching sessions.01:46 - Discussion on the positive transition from manager to individual contributor (IC) and its impact on the tech industry.02:30 - Introduction of six distinct skills to tackle ambiguities in product management.04:30 - Leadership and its role in solving bigger, more ambiguous problems.06:00 - Explanation of the six ambiguities: product, growth, domain, market, organization, and team.07:57 - Analysis of product crafters, focusing on features and improvements needed for a product to succeed.09:10 - Detailed description of the role of growth product managers, focusing on data and consistent product growth.11:57 - Introduction to domain experts who bring specialized knowledge to specific areas.15:00 - Examination of product managers skilled in navigating market ambiguity.17:23 - Discussion on the role of internal consultants, strategic thinking, and execution.18:20 - Emphasis on organizational ambiguity and its significance in delivering complex projects.20:37 - Analysis of the increasing complexity of the organization with every new feature, product, and product line.22:56 - Discourse on the importance of team management and executive leadership.26:18 - Recap of the six skills crucial for product managers.30:30 - Guidance on using the new language of skills when interviewing for better understanding of candidates.5 Impactful Concepts:Transitioning from a managerial role to an individual contributor can have a positive impact on a tech career.Six key skills can help navigate ambiguities in product management, leading to successful project execution.There are different types of product managers, each with their unique roles and contributions to the product's success.Navigating organizational ambiguity is crucial in delivering complex projects, highlighting the importance of understanding organizational dynamics.Specialization in one or two areas, rather than general management, is vital for career growth in tech. 
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11 snips
Jun 5, 2023 • 35min

How much money do product managers make?

In this episode of The Skip Podcast, host Nikhyl Singhal explains how he helps product managers negotiate compensation. An industry veteran in the tech sector, Nikhyl has worked with 50+ leading executives and dozens of companies to ensure they establish optimal pay packages.  He unpacks the concept of equity in both public and private companies and offers a method for comparing job offers based on annual expected value and potential liquidity events. He then transitions into salary negotiation tactics, cautioning against pushing for the maximum offer and instead recommending a self-valuation approach. Nikhyl explores how companies establish compensation ranges using market data and explains how to compare early-stage, growth-stage and late-stage tech offers. . He later discusses the impact of a candidate's "eliteness" on negotiation power and offers a detailed guide on salary benchmarks in the tech industry. Finally, he concludes with tips on calibrating compensation expectations, hinting at the topic for the next compensation episode: negotiation strategies.Summary of PM Compensation chartPrevious Skip episodes on compensation:Tech compensation: Beyond the offer letterHow equity in tech companies worksExplaining Equity and Executive Compensation with Goodwin ProcterTime-codes:00:54: Nikhyl introduces compensation challenges and equity's role in public and private companies.02:20: Nikhyl recommends comparing job offers based on the annual expected value and potential for liquidity events.06:54: He warns about the pitfalls of over-negotiation in job offers.08:20: Suggests a "price to retain your services" approach to salary discussions.10:40: Discusses how companies use market data to determine compensation ranges.11:20: Advises asking about a company's compensation philosophy before discussing specific numbers.12:20: Highlights how a company's compensation philosophy impacts the quality of people they hire.13:37: Talks about the significance of a candidate's "eliteness" in negotiations and compensation command.16:07: Discusses salary buckets for product managers in the Bay Area tech industry as a strategy for ensuring fair compensation.21:16: Details average salaries for various roles in product management, from entry-level to executive positions.29:32: Shares his method of calibrating compensation expectations based on a candidate's background.30:34: Explains how he uses market ranges to ensure people are getting the right offer.33:33: Wraps up the discussion, teasing the next episode on negotiation strategies. 
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11 snips
May 22, 2023 • 41min

Exploring Head of Product career choices: From founding a startup to growth phases

Get ready for an engaging episode of the Skip podcast, where host Nikhyl Singhal dives into the evolving world of startups, head of product roles, and the fascinating field of product management. Discover how the head of product role has transformed in response to growth and hypergrowth dynamics, gain insights into the current market shifts and challenges, and explore the diverse career paths available, including joining healthy growth companies, considering number two roles, or even founding your own startup. Whether you're a product management professional, an executive, or simply curious about the dynamic landscape of the tech industry, this episode offers valuable perspectives and guidance that will inspire and empower you on your career journey.Connect with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | FacebookFull Show-notes:0:00 Introduction and setting the focus on the changing role of the Head of Product.3:10 Discussing the critical nature of the Head of Product role in hyper-growth companies.6:15 Explaining the shift from hyper growth to sustainability and its impact on the Head of Product role.8:17 Candid observations on the current Head of Product market.9:37 Offering guidance to those seeking top roles.11:43 Discussing the current state of companies and CEOs.13:08 Emphasizing the opportunities in healthy growth companies.16:00 Discussing the benefits of a number two role in a company.19:00 Sharing wisdom about shifting between startup companies and big tech roles.21:00 Discussing the challenges of big tech roles.22:00 Addressing the dilemma faced by Heads of Product. 23:36 Discussing the appeal of post-product market roles.25:32 Suggesting considerations for choosing roles at different quality companies.28:16 Addressing objections to starting a company.30:58 Sharing insights on finding a partner for a startup.31:57 Challenging the notion that startup work is harder than big company work.32:56 Providing advice for executives considering founding a startup.39:46 Discussing the changing job market and considering alternative career paths.
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7 snips
May 8, 2023 • 37min

Revisiting career frameworks: How Big Tech, management and IC roles have changed

Join host Nikhyl Singhal in this fascinating episode of ‘The Skip’ Podcast, as he explores the unique characteristics and opportunities of big tech companies in the current economic climate. Nikhyl discusses the challenges and advantages of working in big tech, defined by companies like Microsoft, Apple, Google, Meta, and Amazon. Learn about the changing landscape of the industry and how professionals can make the most of their big tech experience, such as leveraging transferable skills, networking opportunities, and the chance to work on diverse projects. Additionally, Nikhyl shares insights into the increased number of individual contributor (IC) roles in the industry and why delaying managing teams can be highly career additive. Connect with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | FacebookFull Show-notes:00:00 - Nikhyl explains why growth companies aren't as attractive and how big tech is different.02:07 - Defining big tech and examples of companies that fit this category.04:09 - The culture and hiring practices in big tech companies before 2022.10:30 - Challenges big tech companies face in creating new innovations… and their track record.11:27 - The changing environment and opportunities for working in big tech pre- and post-2022.13:03 - Transferable skills gained from working in big tech make employees attractive in the job market.15:46 - Networking opportunities available at big tech companies due to their large employee base.20:12 - The ease of distribution in big tech and the challenge of creating connected products.22:20 - Larger organizations require employees to stay longer to make a significant impact.23:50 - Challenges of building things in big tech companies, such as finding the right role.24:41 - Big tech companies are hiring fewer managers and pushing them closer to individual contributors (ICs).28:37 - Industry push for management roles led to weaker managers and less depth of craft.30:53 - Importance of building a strong skill set before becoming a manager.31:48 - Four major types of ambiguities in careers: growth, crafting and market, organizational complexities, and domain expertise.
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5 snips
Apr 24, 2023 • 30min

Should I join (or leave) an ex-hypergrowth company?

In this episode of 'The Skip' podcast, host Nikhyl Singhal discusses the challenges and implications of ex-growth companies in the current market landscape. He delves into the consequences of overvaluation, the impact on employees and company culture, and the emergence of a new crop of prudent, conservative growth companies. Nikhyl provides valuable insights for those considering joining or staying in ex-growth companies and emphasizes the importance of exploring other stages of companies for more lucrative opportunities.Time-codes:00:00:00 Introduction to the episode focused on growth companies and ex-growth companies.00:02:00 Explanation of the three main stages of companies: startups, growth companies, and big tech or late-stage technology companies.00:05:00 Market shift towards sustainability, impacting growth companies and their focus on innovation.00:07:00 The challenges faced by executive teams in ex-growth companies as they transition from growth to sustainability.00:10:00 - Executives are getting fired or layered in growth management teams due to skills mismatch or other factors, leading to organizational changes.00:12:00 - The cultures in hypergrowth companies are becoming more aggressive and toxic as CEOs exert pressure and anxieties increase.00:13:00 - Compensation was great in these companies, but with the drop in valuations, executives are making significantly less than they expected.00:17:00 - Advice for individuals in or considering joining an ex-growth company: the culture will likely worsen, equity may not generate expected returns, and exits may not happen easily.00:23:00 - Nikhyl discusses the consequences of overvaluation and adjusting expectations in terms of growth and valuation.00:25:00 - He highlights the potential resentment and frustration among employees who feel undervalued while contributing to the company's survival and eventual success.00:26:00 - Nikhyl points out the existence of a new crop of growth companies that are more prudent and conservative, offering a more attractive option for job seekers.00:28:00 - He emphasizes the need to be wary of ex-growth companies and consider other stages of companies that could be more lucrative. 
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5 snips
Apr 3, 2023 • 52min

The Quest for Success: A Career Story in the Age of A.I. With Markie Wagner

On this episode, The Skip Podcast host Nikhyl Singhal interviews Markie Wagner, an AI expert and founder of Delphi Labs. Markie and Nikhyl discuss the transformative impact of artificial intelligence and its potential to reshape workflows. Markie shares her early experiences with computers and how her passion for building things and writing code led to her impact on the world through STEM education. The conversation explores the implications of AI for individuals at different stages of their careers and the boundless opportunities it presents.Markie Wagner is the founder of Delphi Labs (@delphi_labs), a research and advisory firm focused on applied AI and frontier technology. Her goal is to partner with companies to build ambitious applications of new technology and play a mission-critical role in the creation of institutions that matter in the human story.Prior to founding Delphi Labs, Markie worked as a researcher at Stanford and Waymo. Her interests include automating everything, new nations, psychographics, zk-proof applications, and artificial intelligence, particularly reinforcement learning and graph neural nets. Connecting with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | FacebookMarkie Wagner: Twitter | Website Show Notes:00:18 - Introducing AI expert Markie Wagner and her unique story.03:12 - Markie's early days with computers and engagement with Yahoo Answers and online games.07:17 - The anonymity of the internet allowed Markie to interact with others without revealing her young age.11:34 - Markie's early experiences with website creation and learning through experimentation.16:10 - Markie's school project focused on her love for the iPhone.18:39 - Markie's middle school experience creating a charades game for the App Store.21:28 - Learning from tech greats and building an institution to change the world.25:56 - The difference between good and bad quests and why people tend to fall into bad quests by default.34:21 - Markie's transition to making a meaningful impact on the world through STEM education.36:56 - Markie's efforts to set up STEM programs in her high school and neighboring schools.41:53 - Markie's fascination with machine learning and artificial intelligence begins in high school.45:34 - Markie's love for startups and working with founders during her time at Stanford.47:30 - Setting up AI teams and orgs for public companies and those about to go public.48:00 - Markie's decision to leave Stanford and focus on Delphi Labs.49:12 - Markie's perspective on the hype around AI and its genuinely transformative nature.53:19 - Career guidance for those worried about the impact of AI on their careers.55:21 - The importance of individual contributor work and transitioning to management.56:53 - Markie discusses the secret to her success: judgment, interesting work, and grit.58:52 - Markie shares her experience with perseverance and grit in achieving her goals.01:02:01 - Reflecting on the impact of one's work and considering a change if it doesn't make a meaningful difference.
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16 snips
Mar 13, 2023 • 55min

Balancing Work and Life: Insights from Nikhyl and the Skip CPO group

In this podcast episode, Nikhyl is joined once again by Anneka Gupta, Annie Pearl, Briana Ings, and Shirley Lin. The group explores the topics of how to recognize and recover from burnout, as well as to achieve a healthy work-life balance. They discuss the personal nature of burnout and how it's not simply a matter of comparing the two columns of “work” and “life.” The group suggests that if you're feeling burnt out or unsure if you're on the right path, it's time to reflect on your work and make changes to achieve a more balanced state. Nikhyl advises aiming for the "yellow" as a North Star and taking corrective action to prioritize tasks and achieve a healthier state.Overall, the episode provides practical advice for anyone experiencing burnout, emphasizing the importance of self-reflection and taking action to achieve a healthier work-life balance. Nikhyl's advice to aim for a more balanced state and prioritize tasks is a helpful reminder that perfect balance may be unattainable, but making incremental changes can lead to significant improvements in mental and emotional well-being.Thanks to this group of incredible women for joining and sharing their endless wisdom. We hope to have further discussions on other big career topics. Please share the podcast with your friends :) Connect with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | FacebookAnneka Gupta: LinkedIn | TwitterAnnie Pearl: LinkedIn | InstagramBrianna Ings: LinkedIn | InstagramShirley Lin: LinkedIn Full Show Notes:[0:00] Welcome to The Skip![0:10] Introducing our guests Anneka, Annie, Briana, and Shirley![0:30] Starting with Anneka Gupta, CPO of Rubik, Inc. - how does she handle “work/life balance?”[0:45] “I would phrase it not as ‘what do I have to fit into the box of my life’, but what do I want to fit into the box of my life?”[2:30] Brianna Ings - VP of Product at ClickUp - how does she handle work/life balance?[2:30] “I have a four month old daughter. And so the big thing for me is figuring out my new normal. So I really wanna prioritize spending time with my daughter, my husband, we used to have dinner together every night, and I wanna maintain that.”[4:00] How does Shirley Lin find joy in her life?[4:30] “my husband and I try to make sure we're connecting, but we confess, there are some nights where we kind of stand at the kitchen counter and we're eating a dinner of Salami, cheese and a glass of wine, and we're saying like, that's pretty good; good enough.“[5:30] Does being an experienced Project Manager help Annie Pearl, CPO of Calendly, decide how to effectively optimize her time?[9:00] As part of the new norm for Executives in the Zoom era, Briana vividly narrates her experience of multitasking; juggling between an important meeting, and keeping an eye on her baby daughter as she pumps breast milk.[11:30] Has anyone ever had to hold back professionally because of the need to balance time and commitments, even if it meant passing up a great opportunity at a top company?[15:45] In a graduation speech, Shonda Rhimes talked about the challenges of being a working parent. She said that whenever she appears to be succeeding in one area of her life, it often means she's struggling in another.[17:00] The additional pressures of being a working parents and the worry of the expectations of others[22:30] Many people are struggling with burnout and a sense of failure. To overcome this, it's essential to examine our relationship with work and make changes that will lead to a more fulfilling and sustainable path forward.[24:30] Nikhyl advises those feeling burnt out to aim for a more balanced state, using the "yellow" as a North Star. He emphasizes the importance of taking corrective action to prioritize tasks and achieve a healthier state, even if perfect balance is unattainable.[26:30] “There's always things that are going wrong, but can I find joy in growing and trying to get through the hardship?”[31:00] How do you make sure you prioritize yourself?[34:00] Briana struggled with saying "no" in her career, including a time when she was asked to travel for work despite not wanting to leave her daughter. She learned to prioritize her own desires and set boundaries by saying "no" when necessary, allowing her to feel more in control of her time.[36:00] Nikhyl shares his thoughts on the challenges of outsourcing and asks for personal tips from the group who are all working moms with busy schedules. Are there any "executive hacks"?[38:00] How does this group plan and schedule vacations?[46:00] Nikhyl advises leaders who are considering bigger, more demanding roles to check in and test their capacity before taking the plunge to avoid burnout.—-----The Skip podcast is designed to help tech professionals take control of their careers and achieve their professional goals. Hosted by Nikhyl Singhal, a successful founder, head of product, and executive, the podcast offers guidance on navigating important career decisions, management challenges, and personal crossroads.Nikhyl has helped hundreds of leaders in the tech industry maximize their happiness and professional life. He understands that career is one of the most critical parts of a person's identity and that many people struggle to navigate the complex landscape of job transitions, skills development, and long-term career planning.
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50 snips
Feb 27, 2023 • 1h 1min

How to avoid getting stuck in your career with Shreyas Doshi

#5: Welcome back to the Skip podcast! In this episode, Nikhyl invites Shreyas Doshi to discuss the ever-evolving role that Product managers have in today's business world, finding yourself “stuck” in the ‘middle-stage’ of your career and how making high-quality career decisions is more important than ever. Using more than a decade of experience, Shreyas also describes vastly different experiences in similar roles at similar (or sometimes very different) companies, following your own internal excitement to help guide you in the proper direction, and how to optimally manage the critical transition from an operator role into an advisory role.Shreyas Doshi has led & scaled products at Stripe, Twitter, Google, and Yahoo in over 15 years as a product manager & PM leader. In this next chapter of his career, he is an advisor for fast-growing startups across the globe and is building out content & courses based on his experience of building successful products & teams across various domains. Connect with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | FacebookShreyas Doshi: LinkedIn | Twitter | Website Full Show Notes:[1:00] Welcome to The Skip![2:00] Introducing our guest Shreyas Doshi[3:00] “Careers are made by not one playbook, but having many playbooks. Every new challenge is not a page out of a previous playbook, but it's a blend of all these different lessons that one's learned.“ - Nikhyl Singhal[4:00] Sheryas’ experience as PM at Stripe, and redefining the idea of Product Management[9:00] “Trying to put product management as a role in a spreadsheet with cells and specific rules doesn't quite work in my opinion.” - Shreyas Doshi[10:00] How different companies and different company cultures impact the role of Product Managers[14:30] In the 'Act Two’ of your career, how do you best shift to an advisory role?[20:00] It can be useful to follow the emotional excitement about particular opportunities, and using that to gain momentum that eventually leads you to the right opportunity down the road[22:30] Quality Questions as a Superpower… The efficacy of your role as an advisor likely depends largely on the quality of the questions you ask.[24:00] Nudge, nudge: Follow Shreyas on Twitter[25:00] Sheryas’ sought his own advisors to figure out what’s next, and the answer was building effective courses[28:00] “My hypothesis was that if I structure this in a unique way and if I treat this course, like I would treat a product and kind of basically just like product manage it, since that I can have the right kind of effect on my users, in this case, my students, then that would be a wonderful kind of experience and hopefully useful for students. And that hypothesis, I would say, has been proven at this point because a lot of people have told me that it substantially changed the way they were thinking about their career.” - Shreyas Doshi[32:00] Discussing Shreyas’ tweet on success in academics vs. professional life[36:00] One's career may reach a point where they feel like they are no longer advancing or growing, which is commonly known as career plateauing, and this stage often causes a great deal of frustration[42:30] The difficulties of going from a large company with many layers of structure to a startup with essentially no multi-domain structure[44:00] Eric Wienstein’s “High Agency”[48:00] “Especially as leaders, most of our problems are actually in many ways messaging problems - because we know what the right thing is, and how we got to that conclusion, but there are so many challenges along the way to kind of message it in a way that resonates with everybody.” -Shreyas Doshi[51:00] It is important to keep in mind that both internal and organizational changes require a significant amount of time[52:00] For individuals who feel like they are at a standstill in their career, Shreyas offers advice on how to move forward.[53:00] Be rigorous about your career decisions. Take pride in your career.[1:00:00] Find Shreyas on Twitter and Linkedin!—-----The Skip podcast helps tech professionals get ahead in their career. It’s hosted by Nikhyl Singhal, a successful founder, head of product, and executive. He coaches more than 100 executives, managers, and rising stars navigate important career decisions, management challenges, and personal crossroads to maximize their happiness and professional life.Join entrepreneur, coach, and Facebook VP Nikhyl Singhal as he offers guidance on navigating important career decisions, management challenges, and personal crossroads. For many, career is one of the most critical parts of identity. Yet most people don’t have a clear sense of how to maximize their current position, evaluate job transitions, or invest in the right long-term skills to optimize their professional life. Unfortunately, if you work at a company, your manager is rarely capable or incentivized to help you develop the necessary skills or to think through transitions. And most self-help books and articles focus on your current role, not on the next one or on any sort of long-term career roadmap.Nikhyl advises nearly a hundred leaders on their tech careers. Nikhyl is certain, however, there are many others also looking to become more intentional about their career choices – which has led him to produce this podcast. Each edition, Nikhyl will dive into some of the common questions he encounters and give his distinctive insight with the hope of reaching as many people as possible. Though Nikhyl mostly works with tech leaders, he believes the themes apply to anyone looking to shape a fulfilling career.
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7 snips
Feb 13, 2023 • 58min

Explaining Equity and Executive Compensation with Goodwin Procter

#4: Equity, stock options, and other compensation; a complex topic that has essentially limitless negotiable options. We are going to be walking through the basics to lay a foundation and then we will break down the most common mistakes that people make in this area. If you need to know more about offer letters, vesting stocks, and managing exits this episode is for you!Connect with The SkipThe Skip: Newsletter | Website | LinkedIn CPO GroupNikhyl Singhal: LinkedIn | Twitter | FacebookLynda Galligan: Goodwin ProfileAnthony McCusker: Goodwin Profile Full Show Notes:[0:00] Welcome to The Skip![2:30] Introducing our guests Anthony McCusker and Lynda Galligan - Attorneys at Goodwin Procter[4:00] Our first example: Startup X offers you an equity package[10:00] What questions do you typically want to make sure that the employee just sort of understands when they're looking at compensation?[12:30] Is the number of shares in the offer important? Balance against the percentage of shares available[16:30] Tax liability when a company has more value on paper than reality[21:30] An 83B election[14:30] Vested options vs unvested options[27:30] Post-termination exercise periods[29:30] Incentive Stock Options or ISOs[37:00] Exploring rainy day scenarios[41:00] You have stock options but the market or company value is going down. What do you do?[43:00] Risks that are specific to private company scenarios[45:00] 409A evaluations[48:00] Important tax stipulations that disallow repricing the same option[49:30] A reminder that none of the conversation today should be regarded as legal advice[50:00] Thank you Anthony McCusker and Lynda Galligan![51:30] Episode summary and wrap up with Nikhyl—-----The Skip podcast helps tech professionals get ahead in their career. It’s hosted by Nikhyl Singhal, a successful founder, head of product, and executive. He coaches more than 100 executives, managers, and rising stars navigate important career decisions, management challenges, and personal crossroads to maximize their happiness and professional life.Join entrepreneur, coach, and Facebook VP Nikhyl Singhal as he offers guidance on navigating important career decisions, management challenges, and personal crossroads. For many, career is one of the most critical parts of identity. Yet most people don’t have a clear sense of how to maximize their current position, evaluate job transitions, or invest in the right long-term skills to optimize their professional life. Unfortunately, if you work at a company, your manager is rarely capable or incentivized to help you develop the necessary skills or to think through transitions. And most self-help books and articles focus on your current role, not on the next one or on any sort of long-term career roadmap.Nikhyl advises nearly a hundred leaders on their tech careers. Nikhyl is certain, however, there are many others also looking to become more intentional about their career choices – which has led him to produce this podcast. Each edition, Nikhyl will dive into some of the common questions he encounters and give his distinctive insight with the hope of reaching as many people as possible. Though Nikhyl mostly works with tech leaders, he believes the themes apply to anyone looking to shape a fulfilling career.  

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