Congrats Spotify employees

Twitch Xpected
Apr 3, 2018 6 Comments

How many are new millionaires? Can you sell right away since it’s not an IPO?

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TOP 6 Comments
  • New 6pack
    Thanks.... unfortunately Spotify didn’t not issue much stock options, or very little to its Employees

    To give you a reference point, I joined in 2013 as a senior engineer (8y+ of experience) and the stocks would have been worth about 310k - 350k in total.
    I sold a huge chunk on the secondary market, so the todays day is more like: meh....

    Unless there was a director level hire, I doubt there are any millionaires from today’s IPO from the normal ranks.

    Spotify was good with benefits but very Stingy with compensation. Hence good people kept on leaving and FB kept poaching employees from it. (Half or my team is there).
    Even UBer was able to poach people from Spotify.

    Anyways, thanks OP but if you have Spotify employees as friend make a mental note that today it was more of a bonus to them, and that’s it.
    Apr 3, 2018 3
    • Uber notM
      Yeah, lot of us from Spotify. Equity was stingy to say the least - a small fraction of what you expect from other tech companies. Sad to say but I will be (a lot) better off if Uber is only worth $10B.
      Apr 3, 2018
    • AppDynamics / Eng
      sw guy

      AppDynamics Eng

      PRE
      Juniper Networks
      sw guymore
      Are you referring to Spotify employees in Europe or SFO ? Europe does not value eng like US, so comp over there will obviously be lower.
      Apr 4, 2018
    • Spotify / Eng psicASHI
      6pack are you US or STO? Your package sounds extremely low based on the grants of some recent folks.
      Apr 4, 2018
  • millionaires in SEK, probably :)
    Apr 3, 2018 0
  • Apple / Eng
    ʞɹɐԀǝldd∀

    Apple Eng

    PRE
    Microsoft
    ʞɹɐԀǝldd∀more
    I heard European companies don’t reward as much in stock as American companies. So curious what a Spotify offer would be like. Either way congrats on the IPO.

    Anyone buying SPOT? Surprised they opened so high since the reference price was 132 or something.
    Apr 3, 2018 0