How much money did I leave on the table at Doordash

Facebook Haggle
Jul 8 31 Comments

About 2.5 years ago I had an offer from Doordash.
It was worth 6000 shares at 23.5$ per share and $7 strike price.
Doordash was valued 970 million and now its valued at 12.6 billion.
I’m wondering how much money would I be making now if I’d been at Doordash.
I’ve heard it’s not a standard split of shares * price * valuation ratio since there were dilution rounds so I’m wondering how much it’d be with dilution now

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TOP 31 Comments
  • Twitch jellybeano
    Is DoorDash public? No? Then you left $0 on the table.
    Jul 8 0
  • Amazon whammy
    Stop living in the past. It will only give you pain. 😢
    Jul 8 2
    • Facebook Haggle
      OP
      Want to learn from the past not live in it. Might inform future decisions as to whether startups are worth joining
      Jul 9
    • Amazon whammy
      well the thing is it could have gone both ways. Some startups make you millionaires, others leave you broke. If you can take the risk, startups are mostly worth joining. If not money, you’ll still get a lot of experience.
      Jul 10
  • Medallia Maximus8
    In 2.5 years you would be 62.5% vested. That’s around 3750 shares at 23.5 which comes around 90k. Let’s say 10 times bump 900k. After taxes 540k minus strike price of 7. Rough calculation around 500k on paper.

    Not considering all dilution and other events. Don’t worry about past be happy and enjoy fb exp and rsu
    Jul 8 6
    • Amazon
      kcc

      Amazon

      PRE
      Uber
      kccmore
      If you can afford to exercise all, it will be a combination of AMT and long term gain .
      Jul 8
    • OP is saying the valuation is 120+x now.
      Jul 8
    • Medallia Maximus8
      120x? :/ 970mil~1b I’m confused 🤷‍♂️
      Jul 8
    • Sorry I was wrong... only 12x
      Jul 8
    • Medallia Maximus8
      Almost visited math notes 😅
      Jul 8
  • DoorDash M7sU5jQi
    It would be worth around 1.2 million now. You probably would have received some additional grants as well. For everyone talking about paper money, every company's stock was once paper money before they went public. All employees who made significant windfall as non-CXOs would have joined pre-IPO.
    Jul 9 7
    • DoorDash M7sU5jQi
      Yes, the stock price has approximately become 8.5x from then. So, your stocks would be worth above 1.1 million now
      Jul 9
    • Facebook Haggle
      OP
      If that’s the case then isn’t the four year vesting (23.5-7) * 6000 * 8.5 so it’s approximately 800k over 4 years? Also not sure if Doordash had refreshers or not
      Jul 10
    • DoorDash M7sU5jQi
      It would be 6000 * (23.5 * 8.5 - 7) = 1,156,500
      Jul 10
    • Facebook Haggle
      OP
      Ah so strike price doesn’t increase with the price per share?
      Jul 10
    • DoorDash M7sU5jQi
      Strike price is fixed once your grant is approved.
      Jul 10
  • LeanTaaS iAlbertson
    $1.7M today. Paper money.

    How much did you make in FB in last 2.5 yrs?
    Jul 8 2
    • Microsoft MSFTBRO
      Ouch OP, Ouch.

      You left a nice house and then some on the table.

      Or like a dozen fully loaded Model X’s. What do u drive now?

      Or like 2 income generating houses that could generate 6-7k per month.
      Jul 8
    • Facebook Haggle
      OP
      Lol not that much. I have maybe 220k in savings from fb
      Jul 9
  • LeanTaaS iAlbertson
    OP - If this makes you feel better, you left the entire table, not just money on the table.
    Jul 8 0
  • LinkedIn LOLmanCOW
    It's all paper money. You'll likely get diluted as well.
    Jul 8 0
  • Oscar 🐨koala
    I bet you even if they go ipo, the stock price would drop so much by the timr you are able to sell them.
    Jul 8 0
  • Medallia Maximus8
    If op holds exercises and holds for more than a year then long term would apply. Who knows what would be stock valued at when op wants to sell after a year. And then amt plus long term would come in play. Even then op would be making more if stock goes up in long run. Or else at this rate this is what op would make
    Jul 8 1
    • Medallia Maximus8
      If stock goes down than $23 op would be paying hell lot more out of pocket for amt. amt alone what bankrupted people in y2k.
      Jul 8
  • Twitter 🥶3
    $0.

    FB (real money) > doordash (Monopoly money).
    Jul 8 0
  • Capital One
    bigTCpimp

    Capital One

    PRE
    OSIsoft
    bigTCpimpmore
    $1.2M minus dilution which is probably 50%
    Jul 8 0
  • Apple tab&&&
    U dodged a bullet :)
    Jul 8 0
  • Medallia Maximus8
    If it’s not public. Nada!!!
    Jul 8 0