CompensationNov 10, 2018
IndeedCrufty

Roblox offer

Hoping to get some insight into whether it's worth taking an offer for a senior dev manager role at Roblox. Offer is as follows: $245k base 80k options ($2-3 current spread, I'd guess worth around $15 spread by IPO) vested over 4 years. $50k sign on 10k options granted yearly (strike price will differ) Unlimited PTO No bonus My current pay is as follows for a manager role in Seattle: $220k base 50k profit sharing LTIPs granted yearly, likely worth around $2-3 each vested over 3 years $20k anniversary bonus (one remaining year) 50k LTIPs pending vest in 2 years (which I'd have to give up) ~15% average cash bonus Unlimited PTO I did some math, and if I assume no appreciation of the stock/LTIPs, the Roblox offer comes out to approximately $1.2M over 4 years, while my current pay comes out to around $1.3M. My thoughts are that this offer isn't good enough, even with the title bump, especially when cost of living and taxes in CA are taken into account. The only way it makes any sense is if I think Roblox will 10x in value over 4 years, but at a $2.5B current valuation I'm not certain that makes sense. Any thoughts would be highly appreciated!

Add a comment
eBay seat Nov 10, 2018

Roblox is planning to IPO? Haha holy shit I didn’t even know they were making that much money. Take it

New
cato Nov 10, 2018

My kids like Roblox a bunch

Sony Boi don’t Nov 11, 2018

Take it! I live down the street and the area is a nice place to live if you don’t want to commute anymore too

Apple bingobingo Nov 11, 2018

If you honestly believe it can't 10x, you shouldn't join the company.

Adobe xiao xiao May 21, 2019

did @op go

New
aawJ24 Jul 31, 2019

did you take it 80k options over 4 is 20k option per year even at $10 each its 200k. at 15 its 300k over salary . is it error in your math or am I misreading?

NVIDIA crypto$$ Aug 15, 2019

You are thinking of RSU’s. Options are different. You have to buy them with your money.

NVIDIA crypto$$ Aug 16, 2019

@Crufty Did you end up joining?

Uber tech10 Nov 5, 2019

☝️

LinkedIn LBmDfff10 Mar 26, 2020

Did you join them?

Roblox Crufty Mar 28, 2020

Yes, I joined. They went up significantly in the offer. Equity has doubled in value in a year. No regrets.

Expedia Group stormX Aug 26, 2020

Hi Crufty, were you able to negotiate your tc. My recruiter told me they don't offer sign on. I'm quite surprised by it. Also was there a recent stock split?

LinkedIn ghhfcv Mar 28, 2020

Care to share the offer details. I am expecting an offer soon