~ 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?
I donāt really see the draw of credit karma. Sure itās 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.
Credit Sesame? š not even a comparison. Thatās like Coke (CK) vs. Shasta cola
Lmao
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)
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.
PayPal has 1 year / instant vesting for RSU/401K. CK 4 year for both. So that's much easier done at PayPal than CK
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.
Lol at not āgettingā CK. I guess in Silicon Valley itās 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 investorās made up valuation.
+1 Ironically, a ādownsideā to profitability is that thereās no need to IPO if youāre sitting on a big pile of cash and already make strategic acquisitions. For new people joining, Iād strongly recommend thinking about the shares as a 3 - 5 year investment.
To put things clear and simple. CK has 100m US adult full credit file data, from two bureaus. That alone is insanely valuable. Additionally, they offer Tax, which if users opt-in augment the credit files with even more extremely detailed data. On top of that, with a 2% money market account with $5m FDIC coverage (5x any other institution) theyāre up there with Marcus and Live Oak for interest rate return; so theyāll soon be sitting on millions of cash. Expansion into Canada, UK and probably Australia next. LOL @ anyone overlooking how big the IPO will be. Silverlake didnāt buy $500m of shares at $14+ to just 2x their investment... Intuit is $60B market cap, thatās the ceiling for CKās valuation over the next few years, and itās worth some double digit % of that today.
PayPal location is shit. If youāre under 57, youāll want to live in SF.
Speak for yourself. I avoid that city like the plague.
Yes you do, given that you work in the middle of nowhere lmao
Neither because both companies are shit
Motorola?
Lol
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.
What makes you think weāll go public?
Actually I hope we do. I have no idea if and when we will go public
PayPal no contest
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. Iām a strong believer in both companies. But end of the day, the team/manager and what you do matters the most, so Iād say how you feel about those matters more than the money piece, especially it doesnāt sound like the two offers are wildly different
Great answer.
+ 1 Great answer and respect to PayPal, the OGs.
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They're not rules of Blind, chill he might be new. You are not, in fact, the "BlindGod"
120k after tax