got an offer from sofi, offer is decent but not sure if the company will ipo. tc 300k
Mind sharing the offer/yoe/level and how long did it take for them to get back? I had my onsite more than 4 weeks ago in Seattle and i am being ghosted with no response.
Still negotiating... but around 350k tc. For a staff level swe, 6 years experience
My read is that sofi equity is overvalued.
Looks like they aren’t planning to IPO soon. FWIW, I don’t think Credit Karma is either, BTW https://www.google.com/amp/s/www.barrons.com/amp/articles/sofi-ipo-timing-51551200792
Is Sofi a good place to work?
I don’t know that.
SoFi has no plans to IPO in the near term. It's also not a great place to be a SWE.
SoFi has lots of challenges. They’re spending way too much money for not enough coming in. They are top heavy. Too many under Noto- not enough people to support the building which remains to be done and fill all the gaps which happen when a company is growing that fast and too many chiefs. There’s also a ton of arrogance especially in product, money, wealth and ops execs. Toxic culture. Many who were around from beginning have left because there’s no appreciation for everything they went thru and did to start it. They won’t ipo for profit any time soon. More likely to get bought. Do not recommend working there
Who will buy sofi?
Run away as far as you can. It won’t be worth it
Noto has a great track record with tech companies like twitter, where he took it from $48 a share down to $23 a share. On sharespost you can see that he also took SoFi from about $15 a share to about $8.50 a share. At this pace, SoFi will be IPO’ing very soon on the OTC exchange.
TC of offer?