I rejected an offer from UBER in mid 2013...

Walmart.com rand.randm
Mar 22 46 Comments

I rejected an offer from UBER in 2013 because I thought it was overvalued and not a startup anymore ( Yes that was stupid). I do not know the exact numbers but salary was much lower than what I was making. Ended up joining a smaller startup with good paper equity that did not go anywhere . Any one from UBER care to share how much did that stupid mistake will cost me when UBER IPO’s. I do not remember the stock options that they granted.

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TOP 46 Comments
  • General Motors / Eng BuyForeign
    Yeah it’s stupid to not be the lotto winner. Maybe next time.
    Mar 22 1
  • I ignored Snap when it was like hiring its first bunch of engineers doing college recruitment in Stanford lmao : shit happens . Move on .
    Mar 22 3
    • Walmart.com rand.randm
      OP
      Yup , that one too ! Some one from snap had called and I was like who would work for sexting company. I feel I analyzed all opportunities from tech and challenges perspective and accepted roles where I had more scope to have broader impact without thinking about brands / salary or upside . It does wonders to your ego at the cost of your bank balance :-).
      Mar 22
    • New FCFF
      Friend joined Snapchat super early because that was the only offer he got. Now lives in one of the nicest apartment buildings in LA and drives a Maserati.
      Mar 22
    • Yeah that could have been me too lmao oh well
      Mar 22
  • Marin Software renj21
    Just move on man. Yes it was a painful mistake, but keep on thinking about it will perpetuate that pain and its damage forever. I blame myself for not getting into bitcoin 10 years ago when I heard of it, and I blame myself for not buying apple stock way back then when it was so damn cheap. But what's that gonna do? Oh well, there will always be another bus. Maybe a better bus maybe not so much. Oh well that's just life.
    Mar 22 1
    • Walmart.com rand.randm
      OP
      Yup thanks ! I have moved on . Just was having some what if conversations with friends :-) and shared it here as well.
      Mar 22
  • Capital One sleep-sort
    Hindsight is 20-20. You are looking at your decision to not join Uber from your perspective now in 2019. You have to remember you made a decision with the information you had back in 2013.
    Mar 22 0
  • DocuSign helllllllo
    I declined Netflix offer 8 years back. I still don’t sleep properly at night.
    Mar 22 3
    • American Express ...🔞....
      how's DocuSign?
      Mar 22
    • Microsoft trumtrum86
      Yeah, DocuSign is doing really well. You'll be fine!
      Mar 22
    • DocuSign helllllllo
      @american express Docusign is good. I like it
      Mar 22
  • FactSet
    Giggsy

    FactSet

    PRE
    Bridgewater Associates
    Giggsymore
    You sound like a solid crypto investor.
    Mar 22 0
  • Amazon Cynimist
    Old timer here, will make you feel better. Back in 2004/2005, Google was looking for an engineering leader to build out a new engineering office for them in New York. A college friend who was at Google reached out to me about the role. Google was nearing 1000 people at that point and I thought it was too big for me to add much value. I turned down the opportunity, which would have likely been for a director level role. I would be retired easily ten times over by now. Cant fixate on these things, have to move forward and make the most of opportunities you have today.
    Mar 22 2
    • Walmart.com rand.randm
      OP
      Nah it did not. It feels like there is no rationale framework to make optimal career choices. The best thing is to make choices by gut and follow the market. Irrational factors beguine Yue understanding have larger influence in outcomes. Rationale thinking does more harm than good especially when you do not have complete understanding of the possibilities. On the similar thought many rationale people decide not to join Google in late 90’s and early 2000’s because no one thought they could compete with Yahoo / Alta vista. I think even founders did not believe they could Initially. Had Alta Vista/ Yahoo agreed to pay 1 M/ XB, there would not have been any Google.
      Mar 23
    • Uber
      [ 👈💼👉 ]

      Uber

      PRE
      Google, Uber
      [ 👈💼👉 ]more
      Not in startup world. Startups are like lottery tickets. But you can make rational decisions in established companies.

      One strategy that my friend has done is spend two years at each company to diversify your bets. He was at Uber for two years, Airbnb for two years, and Snapchat for two years.

      If that’s the type of game you want to play, it’ll increase your chance of winning. The other strategy is build up your skill set so that when these startups get to series b or series c, they reach out to you for senior level positions.
      Mar 23
  • I have one email from snap still . I spoke to a Sebastian guy and then just ignored it because I had never used the app and didn’t like it .. feb 2013
    Mar 22 0
  • Microsoft andridbe
    FOMO is real my friend.
    Mar 22 2
    • Walmart.com rand.randm
      OP
      Yup! Pain of loosing hurts more than happiness of gaining similar amount.
      Mar 22
    • American Express ...🔞....
      woah deep
      Mar 22
  • LinkedIn mtndew💚
    What was your level? Regardless you would’ve got at least 60k shares as a new hire grant (fresh grad rate). That’s 2.5M solely JUST for new hire grants without any refresh (which they also handed out like candies back then)
    Mar 22 1
  • Tesla Hdhaga
    Dude do you really think you would’ve stayed at uber for 6-7 years to witness an IPO though?
    Mar 22 1
    • Walmart.com rand.randm
      OP
      Right! No one knows :-).
      Mar 22
  • Uber fellow99
    I got a call from WhatsApp 5 months after it started. ignored them. FML
    Mar 23 0
  • Uber bobaboi
    To give you perspective. Non tech workers back in 2013-2014 with base salary of only 80K were offered 30k shares.
    Mar 23 0
  • Dropbox systest
    In 2013 you could’ve bought bitcoin instead with your salary
    Mar 22 5
    • Walmart.com rand.randm
      OP
      Yah , but I never understood it enough to think it as an investment.
      Mar 22
    • Microsoft trumtrum86
      Same can be said about Uber and the market it was trying to target
      Mar 22
    • Dropbox systest
      OP you mentioned Uber salary was lower. So the optimal strategy was to stay at your job and buy bitcoin, instead of joining Uber.
      Mar 22
    • Dropbox systest
      Sorry my previous comment wasn’t intended to put salt on your wound. What I meant is that it’s too difficult to predict the future and there will always be a better path on hindsight. Moving to Uber may not necessarily be the right choice, what if you were not a match for their culture?
      Mar 23
    • Walmart.com rand.randm
      OP
      Hey no worries , I never felt it that way! Thanks for chiming and you are absolutely right bitcoin would have made me millionaire :-)
      Mar 23
  • DoorDash P7gw9j2ha
    What if you had joined Uber instead and the startup you were at went big while Uber busted? You make decisions at a point in time based on the information you have and your needs at the time. It is important however to reflect on what you could have done to spot that Uber had much brighter future than you had imagined. Did you spend time to understand their financials or growth trajectory? Did you research their growth opportunities, future plan etc? Hopefully these learnings will help you spot good opportunities in the future.
    Mar 22 1
    • Walmart.com rand.randm
      OP
      It did not make sense. It does not still make sense to me but the fact is that UBER will IPO at 120 B and no one cares what I think . There always was this growth but so were the losses. I also had heard not too great things about Higher management. My rationale was how can a company survive making losses. Guess I am not smart enough to understand how market works. The company I ended up joining had star management and state of the art tech that I believed could have a broader impact. Well was not right there either, tech advantage does not always make unicorns. On that thought, I can not think of a single recent unicorn startup where tech was fundamental to its valuation.
      Mar 23
  • Uber
    yeeeeep

    Uber

    BIO
    I am not TK
    yeeeeepmore
    You literally missed out on MILLIONS
    Mar 22 0
  • Walmart.com rand.randm
    OP
    Thanks for all the comments. Yes it is on the hindsight , but you only can analyze looking at the past. I regret that at times but at that time I thought Uber is a glorified taxi with super high valuation ( I think it was 5 billionish) and not going anywhere.
    Mar 22 0
  • Oscar 🐨koala
    Me 2. I wish I got bitcoin early but oh well. I lost so much in the crypto business. Never again.
    Mar 22 0
  • New RItI54
    you’d have been one of those newly minted “millionaires” , thats life
    Mar 22 0
  • This comment was deleted by original commenter.

    • Walmart.com rand.randm
      OP
      Wow! Actually I might have done the same.
      Mar 23