I have a pending offer from DoorDash and need some help understanding the RSU portion. Offer details: Level 6 $250K base $750K RSUs No sign-on 30% yearly refreshers For the RSU portion, how are the grants calculated? Is it a number of units at today's valuation? Is it a pro-rated number of units at the valuation at the time of vesting? I'm trying to understand if I would benefit from significant upside if the company continues to grow. I know this is done differently at different companies so any input would be appreciated!
How was the interview process like? I have heard its very weird?
RSU value is calculated at grant time. So say you're given $10 in RSUs; after you sign the contract and join the company and you're given your RSUs, let's say the current value is $1/share, you'd be given ten shares.
This is the answer. But grant time is not necessarily the day you join, it is the board meeting after you join. So if there is a funding round in between it will use your targeted $700k divide by the updated value to determine number of units.
Ask recruiter and actually put it on paper if it benefits you?
Senior tech role. About a week for decision
Do they include tip?
Yes and after you get a Mailchimp survey
YoE?
I think that you’d get 750K in RSUs vesting over 4 years, and its up to you when to sell them, but if they company value doubles and you haven’t sold yet then the RSU value would also double.
The equity portion of your offer looks like dollar value based. The number of RSUs you will get is going to be calculated based on the price of the stock on grant date. So if it is $200/share, you will get 3,750 shares vesting according to your schedule over 4 years. It it becomes $250/share, you will get 3,000 shares, again vesting according to the same schedule
how does Doordash E6 map to FB/G?
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Assume the companies stock becomes 10 times more valuable. Do you really expect them they would pay you say2 million dollar refreshers for as long as you stay there?
Of course the refreshers would not follow that pattern, you're right. But what about the initial grant? Should I be expecting $750K total value only from the initial grant even if the company goes 10x?