I'm lucky to have incoming offers from Airbnb and Netflix. I've never worked for a pre-IPO company before, so I'm not sure how to properly value the Airbnb offer. Suppose the TC is equivalent: Airbnb is paper money with a promise of cash in the imminent future, and Netflix is cash right now. Airbnb equity could explode in value, but Netflix's won't. I could use some advice on how to properly weigh these from someone with experience in a pre-IPO situation. Any thoughts?
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- LinkedIn TrW43aOPOffers are for the same TC per year: $500k. Netflix will do 100% cash. Airbnb is 40% base, 60% equity (200 / 300). I think you guys just want to see the numbers, but does knowing them change the advice?
- Rally Health FuPayMe$$$I would typically go with Netflix. But in your specific situation, I would go with Airbnb. It’s an opportunity of a lifetime to join an amazing company that’s going to go ipo shortly! You can make more than a million dollars easily with the ipo and invest all that money into low cost etfs for the win! The opportunity cost of missing out on the ipo is too much!
- Seagate toti420Numbers change everything. 500k cash? Absolutely NFLX. Cash is 🤴 . Remember a bird in hand is worth 2 in the bush.
- Yoe ? Offers for what levels?
Offer numbers will help.
I had Airbnb offer myself last month
- Netflix gives you choices. If you want to bet on company stock, you can allocate money on employee stock option. If you want to play it safe, choose all cash. And you can do that every year.
BTW, I don't think Airbnb valuation increases more than Netflix in the last few years. Though past performance may not repeat in the future.
- I had both the offers and ended up choosing Airbnb. At Netflix, you are hired for a role and not for the company. At 10 YOE, the learning opportunity at Netflix would be capped when compared to that of Airbnb.
Internal mobility at Airbnb is much better than that at Netflix.
End of the day, both are great companies and it comes down to what you value. Good luck OP!
- 200k base 1.2m grant doesn't sound right for Airbnb. Base should be closer to 240k in that case.
- Airbnb yVFt24Are you only weighing financial factors or will commute/culture factor for you? I was in a similar position and I ultimately felt like expected EV comp-wise was effectively the same and I chose the option that meant minimal commute (Airbnb since I live in SF) as moving wasn't really an attractive option for me. I also got scared off by Netflix since they didn't assuage my concerns about WLB and my friends there re-affirmed those concerns (though they thrive in that environment, so everyone's different).
- Airbnb employees: when they say we are giving you $300K in stocks, are they RSU or stocks options?
Strike price is 0 or something else?