I have a amazingly well paid job (EM) at FB but recently got an offer from a pre IPO company to do some interesting work. Comp is same (~530k). I am looking to take it as I think company has potential but wanted to throw it out there and see what folks would do in this situation. Am I crazy to make this move? Edit: YOE - 10 + 2.5 in management. Comp in startup is 270k RSU and rest in cash (base + bonus, refresher not available yet). Not telling the smaller company as they have very few EM roles and I would be obvious as lone one coming from FB My 4yr cliff is going to be now in May which will drop comp to ~450k
I would absolutely not move
Curious as to Why? I do not see myself getting to M2 soon and scope of work can be larger in smaller companies
What’s your goal? If it’s growth and you don’t see those opportunities at Facebook, well.....the answer sounds pretty obvious. If it’s stability then sure, staying might raise the odds.
Comes down to whether you have belief in the new company. If you have conviction that they will grow and it will be good for you, then do it! It sounds like you want to do it already tbh
Why not? If you believe in the new company’s success it can be more rewarding. I bet a large chunk of that TC is stock based, so performance of company is a big factor. Curious - are you E6?
Yes, E6
Take it
Is the total comp including non-sellable pre-IPO shares? How close is company to IPO? How likely to IPO? If it's not pretty close are you sure have large upside since it's not a slam dunk?
Don’t, recession is coming
Lol if you're to scared to take risks, what's the point in living?
Once a friend told me: it’s better to be in the tail of the whale, instead of in the head of the cod fish.
One could make a similar saying but reversed. How do you know which one is true?
Good question. Back in the days, we were working on a small company who was closing the doors to the market, because of a big customer who broke the deal with us. The company wasn’t strong enough to support that crisis.
Yeah all these people saying "depends on whether you believe in the company" seem to forget that most startups will get slaughtered in the upcoming recession...
Who says that FB is safe if a recession hampers? FBs market cap is still totally detached from actual revenue and assets. European user are already running away from FB due to its great data privacy record. I'd say working for FB isn't any safer than working for some startup. Perhaps that startup will give a much bigger return than Mark Z. would ever be able to provide that E6 employee ;)
Fb will lose 50% market cap for 3 years yes (like most tech stocks) , but it at least has cash and may even get away without layoffs. Startups will go out if business after a nerve wrecking period of layoffs and delayed paychecks.
Depends how interesting it is.