Got offer from Grab

Amazon 321sde
Apr 13 24 Comments

Got an offer from Grab a while back. Recruiters say that Grab RSUs can be worth of 5-10x of todays valuation.
I don’t believe into these types of hype talks.
New TC: 300k (paper money)
Old: 220k (will drop in 2020-2021)

What do you think? Any current or former Grabbers could shed some light?

Edit:
For those who ask what is Grab. It is ride sharing company in SouthEastAsia. Bought business from Uber.

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TOP 24 Comments
  • Uber / Eng R2dswgt
    I am from SEA. Dont believe a word of the stock valuation.
    Grab is very unlikely to IPO in the next 3-5 years. They're going to be burning cash for the near future, don't have a significant cash cow like Eats or Freight like Uber and a ton of their rides are motorbike which are like $0.50 a trip.

    If by some miracle they IPO expect their stock to be like SEA (Garena) another similar SEA "Unicorn".

    Go for 100% cash or bust.
    Apr 13 0
  • Dropbox systest
    I have relatives who use Grab regularly, so they do have organic usage. That being said, Grab has a few challenges:
    1. Taxicabs in Southeast Asia are incredibly cheap, unlike the US. Grab faces fierce pricing competition .
    2. Legacy Taxis have exclusive regulatory approval to use diesel in some countries.
    On the other hand:
    1. Legacy taxis have to be booked by phone (!), and you don’t know when they’ll arrive and you don’t know the price estimates. Or you just have to wait on the street.
    2. Legacy taxis don’t have pooling features like Lyft Line/Uberpool.
    Apr 13 0
  • Uber zhy
    Keep interviewing bro, Grab isn’t going to own the world. 5x is very unlikely given tough competition they are facing in SEA.
    Apr 13 0
  • Northrop Grumman / Eng HowCouldYu
    What is Grab tho? Like actually
    Apr 13 0
  • Dropbox systest
    Recruiter always exaggerates stock growth. Do your due diligence
    Apr 13 2
    • Amazon 321sde
      OP
      The thing is I have no idea where they stand, when they plan to IPO.
      Apr 13
    • Grab 321497
      It’s not gonna happen soon. We get the vibe that numbers don’t look good.
      Apr 14
  • Microsoft / Eng
    temp_

    Microsoft Eng

    PRE
    Amazon
    temp_more
    What are grabs offer components?
    Apr 13 2
    • Amazon 321sde
      OP
      They haven’t broke it down.
      Apr 13
    • Microsoft / Eng
      temp_

      Microsoft Eng

      PRE
      Amazon
      temp_more
      Ask them for base and stock separately. Otherwise it's going to be hard to make any sense of the offer.
      Apr 13
  • Amazon 321sde
    OP
    Thanks all for feedback! I share similar concerns. Will keep interviewing.
    Apr 13 1
    • Amazon yhagayavaj
      High risk. High reward. When others zig, you zag. But seems like you have already made the call.
      Apr 13
  • Groupon / Eng sleepy
    1. Options or RSU ? 2. Vesting timeframe? 3. What happens to the stock after you leave the company. Get all these answers before you join.
    Apr 14 1
    • Amazon 321sde
      OP
      It is RSU. Vesting over 4 years. Decided not to join, so didn’t ask these questions.
      Apr 17
  • Amazon duodaxueba
    Always ask for comp breakdown
    Apr 13 1
    • Zillow Group VMbn52
      This
      Apr 13
  • Pegasystems lmWithHer
    Grab her by the 🐱
    Apr 14 0
  • Microsoft KBlA86
    Find another offers
    Apr 13 0
  • Uber jhhhh
    Where's this offer? Bay area?
    Apr 13 2
    • Amazon 321sde
      OP
      Seattle
      Apr 13
    • Uber jhhhh
      Nice TC for Seattle
      Apr 14
  • Microsoft MickySatya
    Which level and yoe?
    Apr 13 1
    • Amazon 321sde
      OP
      They say L5. 7yoe
      Apr 13
  • Amazon 321sde
    OP
    Why do you think it is better to stay at Amazon? I don’t expect growing there.
    Apr 13 0