Good time to join Uber atg post IPO?

AirMap rxstar
May 15 11 Comments

I'm getting an offer to join Uber atg as a pm. I was aiming for a L4, but was offered a L3 position at the higher end. The onsite interview went well, but not stellar. My question is whether I should wait another 6 months to a year and interview again and hopefully hit the L4, or just take the L3 and work towards a promotion in a year or so. How difficult are promotions to come by? I have 8 yoe.

Also, a large portion of the compensation is stock. I know Uber stock price in the future is anyone's guess, but does anyone have some sound advice about coming in right now post ipo? I'm thinking it could be a bottom, but who knows. Is the stock grant negotiable? Thanks!

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TOP 11 Comments
  • FIN / EngAEAU42
    Nobody knows the future, Uber definitely seems more risky than a more established profitable company like FAANGs, but it also means there’s more upside.

    Seems to me like it could be a great time to get in though. Stock price is below $40, back in 2016 people were paying over $50 for it I believe, and the company has grown a lot since then. Some people thought they could IPO at a $120B market cap, if there’s anything to that they could potentially hit that market cap in not too long and you would double your stock grant.

    I doubt you could use this to negotiate over, I suspect they’d come back with the same logic — you’re getting in at the bottom of a small correction. But you could try.
    May 151
    • Amgen Mrmephisto
      I mean it’s not like they’re going bankrupt in 2-3 years so try it out and if you don’t like it move on to another FAANG very little downside IMHO....and huge potential upside. It’s not like anyone gets to live dat baby boomer 30 years with the same company retiring with a gold watch and a pension life these days anyway.
      May 15
  • Amgen Mrmephisto
    I’m in the same boat it’s a long term investment. Nice thing is that signing in May is to your benefit since they take the 30 day average price and use what ever $ amount you’re granted so if the stock stabilizes or goes up you’re getting more bang for the buck. I’m excited because I’m joining an awesome team doing cool shit.
    May 152
    • AirMap rxstar
      OP
      Good points. Can you share which team?
      May 15
    • Amgen Mrmephisto
      It’s marketing finance not SWE so I get to work with everyone basically
      May 15
  • Cisco / Eng
    whatsapper

    CiscoEng

    PRE
    Copart
    whatsappermore
    tc.or gtfo
    May 151
    • AirMap rxstar
      OP
      Ah yes, thank you for the welcome. Current TC is about 160k and this would be about 180k at current stock price.
      May 15
  • Pinterest Jef-VNr
    If you don’t have financial commitments, there is no reason why shouldn’t consider. Just ask for more equity to the get a decent cushion if the stock continues to fall.
    May 152
    • Facebook baklulu
      Uber doesn’t negotiate these days 😀
      May 15
    • Pinterest Jef-VNr
      I’d not sign up without 400k in equity for L4
      May 15
  • Microsoft M💰FT
    No
    May 150

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