Advice requested

Uber / Other DaDiplomat
Oct 14, 2018 33 Comments

Here is my situation:

Non Eng

Currently

185k base
40k bonus
100k refresh
Vested: 5000 RSU (200k)
yet to vest: 7000 RSU (3800 in next 12 months - 152k)
2.5 years on job
Uber is pre IPO so true value of stock is likely 65 per share vs 40 used for above

Pros: senior, nailed the role, resting and vesting, lots of friends
Cons: nasty culture, fallen out with some high level people, messy org, terrible perks

New job:

200k base
50k sign on
50k bonus (25%)
25% refresh
RSU 150k over 4 and @ 24per share
6k 401k match

Pros: great culture, recent IPO so stock set to climb, possible M&A soon, amazing food, nice team, better title, building new team, great perks
Cons: low RSU, much smaller role and scope, uncertainty about company future growth/product

As you can see I take a big financial hit by moving although there is long term potential upside.

What would some of you guys do in this situation?

comments

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TOP 33 Comments
  • Proofpoint / Eng foodtruckj
    Going from Uber to Dropbox is a downgrade.
    Oct 14, 2018 2
    • Uber / Other DaDiplomat
      OP
      Ok this is interesting. I’m concerned it might be perceived this way. But I am a FAANG veteran (4/5) so there isn’t many big companies left anyway..
      Oct 14, 2018
    • Proofpoint / Eng foodtruckj
      Yes, the autonomous car companies need you if you want high growth companies.

      There is always Airbnb if you lile it.
      Try Twilio or Twitter where need help running the place.
      Heard a few months ago Twilio is running out of office space. They are growing very fast.

      Try LinkedIn.

      Dropbox will be a downgrade.
      Oct 14, 2018
  • Microsoft hunsa
    What is a potential upside? If anything Dropbox has a potential downside. GDrive and OneDrive will vanish them in less than 10 years
    Oct 14, 2018 0
  • Citibank / Eng TQtT37
    YOE?
    Oct 14, 2018 8
    • Citibank / Eng TQtT37
      Whatever the role seems like Uber is the place to stay.
      Oct 14, 2018
    • Unity preIPOgame
      Agreed
      Oct 14, 2018
    • New NTej375
      What’s the area? Mktg? Product? Ops?
      Oct 14, 2018
    • Uber / Other DaDiplomat
      OP
      Legal
      Oct 14, 2018
    • Citibank / Eng TQtT37
      No shortage of work to do if you’re in legal. Interesting work at that. Not to mention the long term opportunities for executive level work and pay. Why leave?
      Oct 14, 2018
  • Indeed / Other
    TC1Billi

    Indeed Other

    PRE
    Lyft
    TC1Billimore
    Uber’s ipo is going pump harder than $65 tbh. Stay at the Uber..just hope they have a good first quarterly and then dump
    Oct 14, 2018 3
    • Uber / Other DaDiplomat
      OP
      I am hearing this a lot...
      Oct 14, 2018
    • Indeed / Other
      TC1Billi

      Indeed Other

      PRE
      Lyft
      TC1Billimore
      Well it’s sort of the nature of stocks that are highly anticipated in terms of ipo. Not sure what your lockup is going to be..but you guys will pump hard if you guys have 1 good initial first quarter. Fortunately you guys have been showing your financials from what I remember up front. So you won’t get crushed by any means if your unprofitable..as long as their is positive growth you guys will skyrocket.
      Oct 14, 2018
    • Indeed / Other
      TC1Billi

      Indeed Other

      PRE
      Lyft
      TC1Billimore
      I use to work at lyft and forward vested my shares I anticipate the same there
      Oct 14, 2018
  • Apple iphone XS
    New job - Dropbox ?..role ?
    Oct 14, 2018 1
    • Unity guccigang
      Dbx is downgrade regardless from uber
      Oct 14, 2018
  • Unity guccigang
    What’s your role and yoe?
    Oct 14, 2018 0
  • Zillow Group / Eng kilmonger
    Uber. when they IPO you'll come up big. as for the shitty culture just try to mind your business (not trying to sound like an asshole) but there's shitty people everywhere unfortunately. just be political at work and f em afterwards
    Oct 14, 2018 7
    • Citibank / Eng TQtT37
      I’m sorry facts scare you. Would you like to provide facts to the contrary? My industry is most susceptible to a housing downturn so would be great to know all these facts are nothing more than FUD.
      Oct 14, 2018
    • Proofpoint / Eng foodtruckj
      Prices in bay area dropped but there is still in increase in investment and hiring activity is descent.

      I expect 10% slide in house prices and by December people who couldn't afford to buy a house can now look and see if they can afford one. You need to see that there is still a lot of demand, but open houses a few months ago were outrageous with a lot of foreign money from East Asia pouring into the market and people making offers 10% to 15% over asking price.
      Oct 14, 2018
    • Citibank / Eng TQtT37
      Thanks for your interpretation of the data. Seems to support the general trend I’ve discussed. I have no idea where it will end. No one does. The reality is the trend has changed when everyone was convinced (12 months ago) this would continue indefinitely without a break.

      A 10 % slide would be brutal, especially if the market goes sideways for years. You seem more negative than I do. And you seem to forget rates are going up eroding purchasing power. But I agree as long as the jobs and TC remain intact the damage will be limited. If not, then look out below.

      By the way, lots of news out there about price reductions. Not sure where you’re getting your info from but it’s dated at best and at worst inaccurate.
      Oct 14, 2018
    • Indeed / Other
      TC1Billi

      Indeed Other

      PRE
      Lyft
      TC1Billimore
      Wonder if Trulia and Redfin have apis where u can pull that data. If not there are prolly some open source library in python that scrapes that data. You even find a case study in kaggle for housing data (sales/inventory) etc
      Oct 14, 2018
  • Microsoft ThxObama
    When a company IPO’s there is a lock up period for investors, does this also apply for employees?
    Oct 14, 2018 2
    • Uber / Other DaDiplomat
      OP
      Yes. Can expect a 25% drop in that period
      Oct 14, 2018
    • Indeed / Other
      TC1Billi

      Indeed Other

      PRE
      Lyft
      TC1Billimore
      Preferred stock sell common stock is locked up..thus a drop (banks, founders). Good example for shit going to hell was zynga. Ipo’ed pincus his buddies and the banks all cashed out..stock cratered to like $5 and never came back. That’s not gonna happen with Uber but seen some crazy shit m.
      Oct 14, 2018
  • Microsoft Elon’sMusk
    That bonus tho. That refresh tho.
    Oct 15, 2018 0
  • Square / Eng SQ
    Uber no brainier
    Oct 14, 2018 0

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