Got a pre ipo offer at 48 per rsu and it is going to explode soon. Same base as my current job, 15k sign on, TC ~360k for the first year given how the IPO did yesterday. Current TC is 270k. can't decide what to do because Lyft stock feels pretty unstable and might crash any minute. Not too unhappy with my current situation. I feel like my base and bonus are low and that I may have been low balled in the expectation of the stocks to grow. I feel there isn't a point in switching because I'm expecting growth in my current role too. What do you guys think? (t4)
would calculate a conservative TC using $50
Useful advice thanks
You can ask for more time. I would calculate what will be the total comp if stock come down to 48 or even 40. If that’s lower than current comp, don’t move.
Correct mind set. Most traders think this stock is a dog and have it targeted at $35. Lyft lost almost a billion dollars last year. That doesn’t happen outside of tech and is unsustainable.
More time = New offer with stocks at current evaluation hence fewer rsus
How the fcuk you decide Lyft stocks are not stable? By watching one day of trading activity? If yes, you are not ready for it.
Maybe go and interview at Uber and join before IPO if you can ... as either way LinkedIn will always be there for you to go back ...
First year after IPO is always painful. After that it'll either crash and burn or be on a long road to recovery. Don't count too much on the stocks.
So you will be getting the stocks at the pre-ipo price ? Is that because Lyft gave you a number instead of $ RSU ?
That's correct, 9500 rsus
I would not count on it staying at IPO price or above, most of the time the stock is up very early on after IPO but after lock up ends the stock tends to go down quite significantly sometimes and can stay down for an extended period of time
I’m not sure if you took into consideration the reverse split and then current 72$ price. I’m guessing your offer is pre reverse split
There was no reverse split. Stop trying to confuse him
Lyft has worse benefits like 401k and espp. They might start offering it soon but that's around a 15k plus at linkedin. Microsoft is also doing pretty well and I'm optimistic it can keep growing at least 20% a year. I mean, it almost grew 20% this year in 3 months and almost 20% last year when some tech companies went into the negatives Also, most startups will generally peak on ipo day and then slowly drop and maybe plateau before rising up again. That would happen over 1-2 years and you'll be left at the mercy of the market. You might also want to think about what refreshers at lyft might be. I'm not sure how linkedin and lyft compare with each other in that aspect.
What?