Airbnb equity vs Google - Offer

Google funcoolguy
Mar 27, 2018 22 Comments

My friend is currently negotiating with Airbnb and Google.

Airbnb’s soft numbers are around 500k TC (225k in cash and the rest in equity).

I believe the level for Airbnb would be somewhere around t5-t6 at Google (will ask friend to clarify with the recruiter).

The Google offer would be for t5.

Google is still getting numbers together.

Im wondering how to weigh Airbnb’s stock vs USD (google stock).

Some other posts I’ve seen have said things like 0.8 FB offer == 1 Slack offer IE Slack equity is worth 80 cents on the dollar.

What do you think Airbnb’s equity should be valued at vs cash?

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TOP 22 Comments
  • Airbnb baylow
    I did this recently and these numbers are familiar to me.

    My TC is 510k at Airbnb. Hired in as an L5, recently became L6.

    I got an offer from Google leveled at T5 recently with base 190k, 15% bonus target, and stock 550k vested monthly over 4 years. So about 357k TC.

    Didn’t negotiate because I decided to take another offer somewhere between Google and Airbnb’s TC.
    Mar 27, 2018 1
    • Airbnb baylow
      Points worth mentioning:

      - More than 50% of the Airbnb TC is paper money with unknown liquidity timeline. Whereas, Google is all cash.
      - No cash bonus at Airbnb, just equity refreshers
      - Google’s benefits are worth slightly more, if that matters
      - Airbnb has basically one product
      Mar 27, 2018
  • Union Bank qFLx54
    Airbnb
    Mar 27, 2018 4
    • Google funcoolguy
      OP
      What if google offers 550k a year TC or 525? I think it would be helpful to have a metric to convert the numbers between aha
      Mar 27, 2018
    • Airbnb nYdr47
      Google.
      Mar 27, 2018
    • Airbnb Cheskle
      Google
      Mar 28, 2018
    • Google Facebook
      Not gonna get over 450 TC on L5 (before sign on)
      Mar 31, 2018
  • Amazon / Eng zrWN82
    Levels plz
    Mar 27, 2018 2
  • Twitter / Product moj
    t5 not likely got 500k at Google do not daydream
    Mar 27, 2018 1
    • Google Facebook
      This
      500k is above median L6. Google can find a ton of L5 folks who would be more than happy to work very hard for 350k.
      Mar 31, 2018
  • Airbnb i18n123
    Even if your Airbnb offer is L6 and Google match the number with T5. I would say Airbnb L6 is probably a better choice since L6 refresher is much higher than T5. In long run, it’s going to make significant difference. And it’s unlikely Google will match 500k TC at T5 level.

    One thing you should do is double check position level with Airbnb recruiter.
    Mar 27, 2018 0
  • Airbnb Rookeroo
    That sounds like L6 Airbnb. I would seriously doubt that Google can approach that - I would expect somewhere in the 300s from G.

    This is a gamble, but to pull out ahead with G assuming 300s, Airbnb will either have to crash and burn, or he’d have to use his <100k after-tax equity in an investment that would return pretty dramatic results.

    But the likelier outcome is that Airbnb rises further... the people that have been here for a while are sitting quite well right now.
    Mar 27, 2018 0
  • Apple jvSQ82
    I usually put a multipler on stock for the risk you are willing to take and the time you are willing to wait. AirBnb is a late startup with solids numbers. It will go IPO but more sure when. I would say put 1.6x-1.8 multiplier on your Google RSU. Remember cash is king and you can buy a house now which might be 1.4x by the time it goes IPO.
    Mar 27, 2018 0
  • Google funcoolguy
    OP
    Ahh so I can attest that google will go that high if you negotiate very skillfully!

    Say Google offered you 500k (half salary and half equity) and Airbnb did the same.. which would you pick?
    Mar 27, 2018 1
    • Airbnb / Eng ∞timehoriz
      Then I would think Google wins in the comp department, as liquid equity should always be considered more valuable than non-liquid. However, if it’s close, then I’d just pick whichever I was more excited about.
      Mar 28, 2018
  • Airbnb VlDP05
    If money is the only criteria for you to accept the offer please do us a favor and join Google!
    Mar 31, 2018 0
  • Yelp bigfang
    Don’t you already work at Google?
    Mar 27, 2018 1
    • Google funcoolguy
      OP
      I do, but my friend who is not on blind does not
      Mar 27, 2018
  • Airbnb / Eng pwjdb
    With a similar comp I would choose the company you're more excited about joining/working on
    Mar 28, 2018 0
  • Airbnb Cheskle
    Google typically uses equity aggressively to match, since they level and hence give base conservatively. Let recruiter know and see what they’ll do. They likely will devalue the illiquid equity by 10-20%.
    Mar 28, 2018 0