Houzz - Growing company? IPO?

Datrium / Eng
vswm48

Datrium Eng

PRE
Optum, UnitedHealth Group
 vswm48more
Apr 1 21 Comments

New Grad Software Engineer YOE: 1

Houzz stock offer: 30K rsu (apx 330K with current evaluation) - 2 year rsu lock

Vesting is over 4 year.. 1/4th at the end of one year.. later monthly prorated

Is houzz doing good? Are rsus worth it? Does houzz plan to go IPO soon? (Recruiter says within 2 years)

Houzz
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 TOP 21 Comments
  • Yelp / Eng sJJv80
    How the hell does the recruiter know the company will IPO in 2 years? If it’s 2+ years out, probably nobody knows exactly when it might happen. If it’s less than that, the recruiter probably shouldn’t be talking about it.

    Never take a recruiter’s word for anything like this.
    Apr 1 0
  • Uber
    2muchblind

    Uber

    PRE
    Apple, Microsoft
     2muchblindmore
    If you’re going for the risk, ask for more stock. Don’t take the recruiter’s word for it, a recession is likely within the next 2 years which could heavily impact Houzz.

    Not saying they’re a bad company (I like their app a lot) but considering you’d get the same offer from G/FB, you should get more RSUs because more risk and you cant cash out now (time is money).
    Apr 1 1
    • Lam Research gurukool
      Lol I’ve been hearing the word recession every year since last 4 years
      Apr 2
  • What’s your base? Which office?
    Apr 1 8
    • Datrium / Eng
      vswm48

      Datrium Eng

      PRE
      Optum, UnitedHealth Group
       vswm48more
      OP
      Thanks for the info! Do you think 30k rsu is less as others suggested?
      Apr 5
    • It’s hard to tell without knowing the base number...
      Apr 6
    • Datrium
      vswm48

      Datrium

      PRE
      Optum, UnitedHealth Group
       vswm48more
      OP
      135k base
      Apr 6
    • Datrium
      vswm48

      Datrium

      PRE
      Optum, UnitedHealth Group
       vswm48more
      OP
      And perf bonus is mentioned by recruiter as 3-8%. What's a realistic target I can count on?
      Apr 6
    • Solid base for new grad. Don’t worry too much about equity - it’s paper money any ways and your amount is okay for new grad this year. You can ask for sign on/ relocation if you haven’t yet.
      Apr 7
  • 2 year rsu lock is lame, does tgat mean it doesnt vest for 2 years?
    Apr 1 6
    • Most ppl dont get their equity from startups
      Apr 1
    • Datrium / Eng
      vswm48

      Datrium Eng

      PRE
      Optum, UnitedHealth Group
       vswm48more
      OP
      Vesting is over 4 year.. 1 at the end of one year.. later monthly prorated
      Apr 1
    • Uber
      2muchblind

      Uber

      PRE
      Apple, Microsoft
       2muchblindmore
      Houzz is past that point of failure in the startup lifecycle (unless something catastrophic happens of course like huge recession). It’s a must-have app if you’re doing some home remodeling, at least to get ideas.

      I also think it would be a better learning opportunity for OP, provided he/she can work in a lot of different areas (frontend, backend, ML, data engineering, analytics).

      Just ask for more equity that’s all.
      Apr 1
    • Datrium / Eng
      vswm48

      Datrium Eng

      PRE
      Optum, UnitedHealth Group
       vswm48more
      OP
      Why dont they get equity? You mean startups turning public have very low probability?

      Houzz has got decent funding and current evaluation of 4B$..
      Apr 1
    • Unity ir0n-e
      I guarantee houzz is not profitable. 99% of pre ipo companies are not profitable and have to raise money for a reason
      Apr 2
  • Datrium / Eng
    vswm48

    Datrium Eng

    PRE
    Optum, UnitedHealth Group
     vswm48more
    OP
    Houzzers.. please comment..
    Apr 2 1
    • Houzz MerT45
      Which level are they recruiting you for? (L3, L4)?
      May 20