danjl parent
Startups also have more non-cash options. E.g. they can offer more than 4 weeks of vacation, unlike many enterprise companies. As a CEO, when I gave people 6 weeks of real vacation, they would never leave, since they cannot get that at bigger companies in the US. (We also stongly encouraged them to use their vacation, because a healthy work-life balance is better for the company.) Startups also have more flexibility on WFH, travel options, and other non-cash benefits like providing more authority over your schedule and tasks. They are typically strapped for cash, unless they are not actually startups anymore because they raised $100M, and just like the moniker.
I'm working at a mid-size company, c. 5,500 employees. We have unlimited vacation (for US employees). I have taken about 6 weeks every year with no issues. I made sure to check that this was okay before accepting the offer, because unlimited can also mean "no one ever takes vacation".
The problem with unlimited vacation is that the majority of engineers never have the guts to ask for it, just like they don't know how to negotiate. Unlimited vacation is a benefit for the company not the employee. It avoids taxes and complications due to carryover constraints.
To clarify, unlimited vacation is the company policy for all US employees. I'm just saying you don't need to work at a startup to get 6 weeks PTO.
Unlimited vacation is in no way the same thing as 6 weeks of actual vacation. Look into it a bit more. You'll see that unlimited vacation is really just a scam. In your case it's worked out. Actual vacation days are tracked and part of your salary. For example, if you leave, you are entitled to the wages of your remaining untaken vacation days. Unlimited vacation is a favor that your manager is granting. The company is not obligated to grant your request. You have no legal right to take the days off as you do with real vacation.
I do understand the difference, thanks. I think the degree to which it's a scam depends on the employer. Some say they have unlimited vacation and then the work culture discourages using it. Fortunately, that's not the case where I work.
The other benefit of not-unlimited is having it paid out when you leave. But if I had 6 weeks a year PTO, I'd just use it all anyway, so the part where it gets paid out isn't a big deal to me.