Offer from Coinbase for Senior Software Engineer

New / Eng aRds23
Sep 23 22 Comments

Got offer from Coinbase,
190k base 50k$ options per year no bonus, how is this offer?
Not much information on levels.fyi

current TC 190K
YOE 9
Senior Software Engineer

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TOP 22 Comments
  • Okta doll$h
    Tbh, I’d ask for more bonus than their equity. Their IPO wouldn’t look good IF they go IPO
    Sep 23 4
    • Salesforce WhomstMD
      iF yOu dOn'T bElIeVe iN tHe mIsSiOn wHy aRe yOu wOrKiNg hErE
      Sep 23
    • Cornerstone infstone
      They were valued 8 bn in last valuations increasing from 1.2 bn year before
      Sep 23
    • Okta doll$h
      Cornerstone, what did you learn from recent bloated IPOs?
      Sep 23
    • Cornerstone infstone
      For me difference is that Coinbase is profitable and those bloated IPOs were not
      Sep 23
  • Roku
    roku🚀

    Roku

    PRE
    Yahoo, Oath
    roku🚀more
    Yoe?
    Sep 23 1
  • Airbnb Airbnb ‍
    190k base seems about right. 50k options seems VERY low.
    Sep 23 2
    • Cornerstone infstone
      Would 100k sounds good
      Sep 23
    • Airbnb Airbnb ‍
      Depends on leveling/responsibilities. But, you could get 400k+ TC at other places with 9 YOE. So, you need to figure out what the RSUs will potentially grow to given their current valuation and when you think those RSUs will become worth something.
      Sep 23
  • Expedia Group / Eng employme
    My friend was working there with 5 YoE his offer was 180k base with 1M options vest over 4 years. He left within his 1st year when he understood options meant nothing
    Sep 23 2
    • Cornerstone infstone
      Just curious how did he evaluated 1M options. Also was there any annual bonus, signing bonus etc?
      Sep 23
    • Expedia Group / Eng employme
      He left before 1st year he couldn't exercise anything. He told me he can't exercise even if it was just after his 1st year because by some agreement he's only allowed to keep the options 1 year after quitting.
      He told me no annual bonus is mentioned. Signing bonus i can't remember i think it was 25-50k range
      Sep 23
  • Location? If Bay Area, you could do better IMO. Ask for a lot more options if you want to risk it going for a startup.

    Think about if you were at a FAANG, how much money would you make instead? Then know that Coinbase should be much better since you’re also taking a huge risk.
    Sep 23 6
    • Generally check levels.fyi

      For example in the Bay Area, with 10 YOE you could fetch 400k-600k. With 5 YOE, 250-400k.

      Keep in mind the benefits and amenities are much better at “name brand” companies too.

      A lot of course depends on your work history and skillset, plus interview performance.
      Oct 10
    • Coinbase WXtl87
      I have about 10 yoe currently a senior engineer
      Oct 10
    • What’s your TC at Coinbase? Given the current company valuation?
      Oct 10
    • Coinbase WXtl87
      190k base, $400k total options over 4 years so I guess with that math (if the options ever go liquid) $290k.
      Oct 11
    • Yeah man you should either get a shit-ton more options to make it fair, or Leetcode it up and start making 400k+.
      Oct 11
  • Bloomberg / Eng F.U. money
    Good base. Moar other stuff needed.
    Sep 23 0
  • Uber / Design Amaquiting
    Where did OP go finally?
    6d 0

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