Houzz - Growing company? IPO?

Datrium / Eng vswm48more

Apr 1 21 Comments

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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 6 0
Uber 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 5 1
- Lam Research gurukool
  
  Lol I’ve been hearing the word recession every year since last 4 years
  
  Apr 2 0
Houzz leetC0de😇

What’s your base? Which office?

Apr 1 0 8
- Datrium / Eng vswm48more
  OP
  
  Palo Alto ofc.. good base..
  
  Apr 1 1
- Datrium / Eng vswm48more
  OP
  
  How's the company doing? And what's IPO possiblity? Is the avg tenure good? Company culture and overall performance is good and profitable?
  
  Apr 1 0
- Houzz leetC0de😇
  
  I think the company is doing well. We definitely set IPO as a goal but I don’t know when. I cannot comment on if it’s profitable because of internal policy. Our WLB is also pretty good. You get free catering breakfast and dinner.
  
  Apr 3 0
- Datrium / Eng vswm48more
  OP
  
  Thanks for the info! Do you think 30k rsu is less as others suggested?
  
  Apr 5 0
- Houzz leetC0de😇
  
  It’s hard to tell without knowing the base number...
  
  Apr 6 0
- Datrium vswm48more
  OP
  
  135k base
  
  Apr 6 0
- Datrium vswm48more
  OP
  
  And perf bonus is mentioned by recruiter as 3-8%. What's a realistic target I can count on?
  
  Apr 6 0
- Houzz leetC0de😇
  
  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 0
Uber vrythngsux

2 year rsu lock is lame, does tgat mean it doesnt vest for 2 years?

Apr 1 0 6
- Uber vrythngsux
  
  I would find out average tenure
  
  Apr 1 0
- Uber vrythngsux
  
  Most ppl dont get their equity from startups
  
  Apr 1 0
- Datrium / Eng vswm48more
  OP
  
  Vesting is over 4 year.. 1 at the end of one year.. later monthly prorated
  
  Apr 1 1
- Uber 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 0
- Datrium / Eng 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 0
- 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 0
Datrium / Eng vswm48more
OP

Houzzers.. please comment..

Apr 2 0 1
- Houzz MerT45
  
  Which level are they recruiting you for? (L3, L4)?
  
  May 20 0

What's the level mapping for Microsoft Principal Lead L66 at Amazon?

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Houzz - Growing company? IPO?

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