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Heard yesterday that I will be receiving a L5 offer from Lyft. I’m not sure what the stock price value used will be. Currently L64 at msft, 270k TC , 9 yoe, industry hire. Assuming a 330 k TC package, is it worth the move to Lyft ? Location : Seattle Edit : added poll
Of course you should go. TC will be much higher.
It's good to move. I did last year. Work life is bit heavy unlike Msft but worth the money. You should negotiation nevertheless. L5 can cross $400k. If you are on H1b visa then make sure to preform well always as 6% of engineers got PiP last review.
Is it forced curve?
Sounds like FB, but at FB it's about 10%
Substantially less job stability. They cut an entire L5 team in Seattle a few months ago, and they have only 5 quarters of burn before they need to raise money again.
True
L5 should be higher than 330k
How much should it be ? I don’t have many competing offers right now so assuming a lower end