Or Cloudflare did not give much stock options for its employees.
IPO ≠ millionaire Can attest that from my first hand experience
If you join early enough, you could be a millionaire
Let us know how that works out after graduation.
What if you are not a dog
Cloudflare is a great place to avoid. Their CEO is a typical SV jerk who is obsessed with self-promotion and knows just enough about the product to serenade media and investors. The stock is also way overpriced.
Does the CEO have a technical background?
He does not.
lol with the equity employees get there won't be many millionaires
This is sad to know. After all Cloudflare doesn't seem a great company
The entire point of the IPO was to line Prince and Zatlyn's pockets. Employees and investors be damned.
Cloudflare does not neg on equity unless you are head of X, or director of product, everyone below that has to follow a standard equity formula the CEO assigns when they send you an offer letter. Do not expect a huge equity package of 300k/4 you will be lucky to get 100k/4.
This is expected from a CEO that doesn't come from tech background. Those finance people always hate paying tech people
I negotiated additional equity as SWE
I've heard from a friend that this whole compensation thing is very fucked up at cloudflare. They sell newcomers on very high multiples of equity promise. Even on decent stock price, only a few handful of early employees or directors would make anything meaningful. The market they are in is also very competitive.
Sad to hear this. Cloudflare management just like to eat the whole cake
My recruiter made fairly conservative projections, it's just that TC is decently under market even after the stock did way better than that.
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Not up on the news? IPO market is tanking.