Evaluate uber L6 offer

Capital One uberslack
Jun 3, 2018 40 Comments

Got an offer for an L6 at Uber SFO as follows:

Base - 230K
Target Cash Bonus - 41K
Equity Grant - 900K
Refresher - 175K

Is this a good offer to move to west coast? Already earning 200K at East Coast non-metro.

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TOP 40 Comments
  • Google tc=380;y=7
    looks like low equity for that level. IIUC this is top <3% of engineering at Uber
    Jun 3, 2018 5
    • Capital One uberslack
      OP
      i didnt follow " IIUC this is top <3% of engineering at Uber" What should be a good equity offer? Also do you think there is room to negotiate the cash as the cost of living is going to go up atleast 2.5-3x than the east coast.
      Jun 3, 2018
    • Google tc=380;y=7
      probably not. that's enough cash in the bay for general expenses.

      I'm saying this is a very high level, only the top 3% at Uber is this level. (if I understand correctly)
      Jun 3, 2018
    • Capital One uberslack
      OP
      What should a good equity look like? Also checking online, the housing itself will be close to 3x for what I am paying right now. So just curious. Also, will be losing on the spouses job as well. So thinking what else can be added to soften the blow.
      thanks for your help!
      Jun 3, 2018
    • Google tc=380;y=7
      1M minimum, I'd say. but maybe the standard for L6 has dropped from a few years ago
      Jun 3, 2018
    • Mesosphere onsie
      Hmm, I would ask for around $1.2M based on what one of my friends got.
      Jun 3, 2018
  • Uber Hahha
    Seems like non-eng
    Jun 3, 2018 2
    • Capital One uberslack
      OP
      No it is for SE only.
      Jun 3, 2018
    • Twitter / Eng pdbr
      What is se
      Jun 6, 2018
  • Amazon yohero
    Is equity grant calculated on 409a or preferred price ?
    Jun 3, 2018 2
    • Capital One uberslack
      OP
      409a
      Jun 3, 2018
    • Amazon yohero
      It's decent/good offer take it. U r actual RSU is over 1.4 millio based on preferred price. Good one.
      Jun 3, 2018
  • Uber / Eng xUberoo
    Look at household income overall, and savings at the end of all expected expenses. Honestly, it’s a really great offer for L6, but given your circumstances and options you have - I would not move, unless you really really want to be at Uber/ believe in a 3-5x stock growth.
    Jun 3, 2018 0
  • Uber autodrive
    negotiate higher on the stock. Otherwise a good offer. What stock value is 900K being calculated on?
    Jun 3, 2018 4
    • Capital One uberslack
      OP
      i am earning 200K base here in non-metro area on east coast. And getting offers of same ballpark in this area. Only stock is different so was hoping to achieve a higher base for SFO considering the abnormally high rent/to-own costs (approx 3x higher). What would be an ideal comp for my case? Also, i am quoted $33.
      Jun 3, 2018
    • Uber autodrive
      Base has the lowest room for
      Negotiation generally. Given you're already at 230 very unlikely base will change much. $33 is good.
      Jun 3, 2018
    • Capital One uberslack
      OP
      Ok. Reason I asked was because, I already have a comparable offer locally with at least ~9% less taxes and cheaper housing (~50% less than there) compared to bay area. So was wondering if this base would be a wise move? Other than stocks there is no liquid component to help alleviate the hit. Also, my wife will need to quit her job here, so additional financial impact.
      Jun 3, 2018
    • Uber autodrive
      I understand. However the reason you should make such a big move is if you really believe the stock will at least double (I think it easily will) if you do - the base difference will be immaterial. If you don't - for the reasons you mentioned the move to a higher cost of living location is probably not worth it.
      Jun 3, 2018
  • Uber 76fg45
    Yoe?
    Jun 3, 2018 3
    • Capital One uberslack
      OP
      i have 17+ YOE. Also, manage multiple teams.
      Jun 3, 2018
    • Twitter FANGT
      Is this for an IC role at uber?
      Jun 3, 2018
    • Capital One uberslack
      OP
      No. people manager
      Jun 3, 2018
  • Google / Ops Huhf13
    It's not bad. Your equity will ramp
    Jun 3, 2018 2
    • Capital One uberslack
      OP
      can you explain what it means by "equity will ramp?"
      Jun 3, 2018
    • Google / Ops Huhf13
      If you perform well, your equity refreshes will be greater than initial grant
      Jun 3, 2018
  • Capital One uberslack
    OP
    Engineering
    Jun 12, 2018 1
    • Uber / Eng xUberoo
      Did you accept/move?
      Jun 12, 2018
  • Morgan Stanley &&@)($$
    Is this engineering or finance or PM role?
    Jun 8, 2018 1
    • Lazard fin/tech
      engineering most likely
      Jun 9, 2018
  • Deutsche Bank NyGy
    Is L6 a first line manager or a Senior manager at Uber ?
    Jun 4, 2018 1
    • Capital One uberslack
      OP
      Not a first line manager definitely
      Jun 12, 2018
  • Google tc=380;y=7
    you might also want to look into Uber NYC if you want to be on the east coast?
    Jun 3, 2018 1
    • Capital One uberslack
      OP
      thanks. No matching roles.
      Jun 3, 2018
  • Google hKni77
    Shitty comp, did you take the offer in the end ?
    Jun 22, 2018 0
  • Google hKni77
    Can you share information about the hiring process for staff @uber ?
    Jun 20, 2018 0
  • Lazard fin/tech
    Seems like market. Refresh is def going to add an additional bump to your comp.
    Jun 3, 2018 0
  • Oracle Jccoejebbh
    Only 175k refresh?
    Jun 3, 2018 0
  • Yahoo / Product Truth
    Jun 3, 2018 0
  • Google iegb37
    Base is amazing. You can negotiate a bit on the equity. Be sure to ask them what valuation they are giving you the rsus at
    Jun 3, 2018 0
  • Lyft frxd02
    How much is each share
    Jun 3, 2018 0

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