PayPal or CK?

PayPal skeleton🦴
Oct 24 43 Comments

~ same TC after tax
Worse benefits at Credit Karma
Paper money (Credit Karma) vs (some) RSUs and ESPP (PayPal)

Worth it to take TC, benefits loss to work at CK?

180 VOTES SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

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TOP 43 Comments
  • Drift VMx00
    Lol at not “getting” CK. I guess in Silicon Valley it’s difficult to understand a tech company that is wildly profitable. Better to get that job at Uber, Wework or some other fraud company offering a big TC based exclusively on one sketchy investor’s made up valuation.
    Oct 24 10
    • Credit Karma DesiGirl
      Link to secondary market valuation?

      (Please forgive the heinous name change)
      Oct 25
    • Drift VMx00
      That’s why it’s the secondary market...go make some friends in private banking and you’ll see CKs real valuation, not the $12-14 on Sharepost which is close to an arbitrage situation because the buyer can flip almost instantly for 20-30% higher.

      CK
      FlexPort
      Unity

      In that order are the hottest secondary market companies at the moment.

      There is also a SPV formed that is buying equity in an Australian company that CK will likely acquire, backdoor way to acquire shares even cheaper with the risk that it doesn’t go through.
      Oct 26
    • Credit Karma DesiGirl
      This is actually fascinating. I appreciate the info about Australia. Will keep an eye out for that ...

      Why wouldn’t you share the secondary market valuation you observed?
      Oct 26
    • Credit Karma YOUNG PONY
      Why would they not?
      Oct 26
    • Credit Karma DesiGirl
      Corrected my typo. I hope @VMx00 does. Although +30% to $14 isn’t too exciting. ;)
      Oct 26
  • Flagged by the community.

    • They're not rules of Blind, chill he might be new. You are not, in fact, the "BlindGod"
      Oct 24
    • PayPal skeleton🦴
      OP
      120k after tax
      Oct 24
    • Twitch tftchamp
      How do you know know your tax rate before end of the year?
      Oct 24
    • Affirm hwl
      45% ballpark estimate
      Oct 25
  • Motorola / Eng middlename
    Neither because both companies are shit
    Oct 25 2
  • Samsung
    chajimogo2

    Samsung

    BIO
    Stressed out but surviving
    chajimogo2more
    I don’t really see the draw of credit karma. Sure it’s a step up from credit sesame for example but I think PayPal is much more stable, considering that the current economy is likely going south in the near future.
    Oct 24 2
    • Credit Karma djhhaiew
      Credit Sesame? 😂 not even a comparison. That’s like Coke (CK) vs. Shasta cola
      Oct 25
    • Credit Karma / Eng DopeP
      Lmao
      Oct 25
  • PayPal paypal1111
    Both companies are wildly profitable, worked at P2P before, credit Karma probably had the best business model in that space, no one was making money other than credit karma, and they easily control the traffic from the lenders. I’m a strong believer in both companies. But end of the day, the team/manager and what you do matters the most, so I’d say how you feel about those matters more than the money piece, especially it doesn’t sound like the two offers are wildly different
    Oct 25 2
    • PayPal / Eng grum735
      Great answer.
      Oct 27
    • Credit Karma Bathroom
      + 1 Great answer and respect to PayPal, the OGs.
      Oct 28
  • Amazon KRONjob
    They are both weak. Can you Leetcode a bit harder and try for some more companies?

    If you can't do it for some reason due to circumstance, then join PayPal because they have amazing WLB. You'll have plenty of time to Leetcode out.
    Oct 24 6
    • PayPal / Ops
      PayPalCEO

      PayPal Ops

      PRE
      Microsoft, Google
      BIO
      "'"'''/* *\;}`|ฯ©´·]]¥¥¬μ€,;;#,"''""'
      PayPalCEOmore
      That's not entirely accurate. PP has a 3 year (1/3 per year) vesting cycle for RSUs. Now, there may be a subtle difference when getting sign on RSUs but generally speaking, employees granted stock have to wait 1 year for 1/3 of the stock to vest.
      Oct 25
    • Braintree qXTF81
      Also as I understand it 401k doesn’t have vesting. Match contributions are always yours.
      Oct 25
    • PayPal / Ops
      PayPalCEO

      PayPal Ops

      PRE
      Microsoft, Google
      BIO
      "'"'''/* *\;}`|ฯ©´·]]¥¥¬μ€,;;#,"''""'
      PayPalCEOmore
      That is also accurate... I think OP may be high...
      Oct 25
    • PayPal skeleton🦴
      OP
      @PayPalCEO I gave my estimates for TC based on the 1/3 RSU - CK is 0/0/0/100%
      Oct 28
    • PayPal skeleton🦴
      OP
      CK says their 401k is also 4 year vest for the match amount. If that isn't possible idk what they're talking about
      Oct 28
  • Credit Karma iopsifnr
    PayPal location is shit. If you’re under 57, you’ll want to live in SF.
    Oct 24 3
    • PayPal sndn4a
      Speak for yourself. I avoid that city like the plague.
      Oct 24
    • Credit Karma iopsifnr
      Yes you do, given that you work in the middle of nowhere lmao
      Oct 24
    • PayPal skeleton🦴
      OP
      CK Charlotte PayPal satellite office
      Oct 24
  • PayPal / Eng grum735
    If you are discounting the stock comp from CK as paper money then I would say there is not much point going there for monetary reasons. If you feel there is a good chance those paper shares will be a significant amount then there is good reason. If CK is successful those shares can be 2x 4x 8x etc. But PYPL stocks will grow gradually and slowly (that is what is expected from large public companies)
    Oct 24 0
  • Credit Karma / Eng murgigcsy
    If you need the higher non paper tc of PayPal in coming 3-5 years then go with that. If you can wait for potentially higher payouts of future CK stock then come over.
    Oct 25 2
    • Credit Karma YOUNG PONY
      What makes you think we’ll go public?
      Oct 26
    • Credit Karma / Eng murgigcsy
      Actually I hope we do. I have no idea if and when we will go public
      Oct 26
  • PayPal
    $andbox

    PayPal

    BIO
    Never stand still.
    $andboxmore
    Idk... it looks funny those two options are in a tie. Should’ve set up some algorithms to have odd number of total polls for even options.
    Oct 25 0
  • PayPal MonMonMon
    Good wlb at Paypal
    Oct 25 0
  • Credit Karma rkhuss
    PayPal no contest
    Oct 25 0

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