Uber is close to IPO and looking around I see Grab with a lot of potential I.e with their foray into payments space. Looks like they might have potential to go 3-4x in next 3-4 yrs. Going to think about interviewing there. Am I missing something about them? TC: 350k (E5)
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- Groupon / EngsleepyGrab is currently valued at 14 bn. 3-4x would be 42-56 bn. That’s like half of Uber being in a market far smaller than a market Uber is at. I’m doubtful.
- India’s GDP is similar to SEA but India is growing faster with more younger population. At most what Grab payments can grow to is around 10 bn and I’m sure PayTm and other Chinese players will be in the market soon. This is on top of current competition against Go Jek in rideshare.
- You said it in your main post, but i know what you mean. The culture is toxic and highly political. I’ll be leaving next month. It really depends on a team you join. Overall, it’s a huge mess. It’s growing too fast and many things are out of control. I wouldn’t leave Facebook for Grab for sure.
- Interviewed at Grab, got an offer. But I wouldn’t leave FB for Grab unless either I already can enjoy FI or I don’t care about money.
- I haven’t accepted. I am skeptical that they will IPO soon. Also, recruiters are boasting about the potential that it would be worth 8-10x from today, saying that it is the best time to join, and that there are not many open positions left, bla bla bla. Also, FB TC is too much for them. The offer wasn’t interesting from Amzn TC perspective, given that they offer paper money.Apr 142
- Microsoft / EngtarasenkomoreSE Asia is pretty poor. How do people expect incomes to rise? Is it going to be developing white collar industries?
- Netflix <NA>The fact that they deprioritized their core product which is horrible compared to uber/lyft/didi to instead focus on becoming the next wechat super app doesn’t fill me with confidence. Especially, as the execution on their non-transport related services is so patently awful. Poor games, shitty personality quizzes, low quality life insurance adds, random coupons, etc. Just don’t see why they would be a successful super app given in each of the verticals besides transport their product is bad and no competitive advantages exist. WeChat at least had a huge user base that used their apps many times a day. And synergy between the different services they offered. Grab doesn’t and won’t.
Corporate culture also is terrible. At least compared to FAANG.
But somehow they keep getting funding for their superapp pitch....
- You can read the part related to Grab in this - https://techcrunch.com/2019/04/11/uber-global-exits-billions/