As the IPO is looming, trying to get a sense how it’d impact the Bay Area housing price in coming Fall. Those who joined early days, what’s the current return based on your initial hiring grant? (the actual return could be much more than current return depending on the time and company performance, but for now let’s consider the current valuation only) Please response only if the vested equity’s (by end of 2019) valuation at the current price is at least $1M. Feel free to add details, like when did you join, what was the size of initial grant, and what was the stock price back then; particularly those who have 10x+ return. Appreciate your participation!
Those who had 10x+ return, mind sharing some relevant details to add more value to the context. Thanks!
I can't wait to see the results of this poll. Nobody on Blind would ever lie or disregard OPs instructions.
they prolly already do well enough to afford a house
they probably don’t care to join Blind or comment. Too busy counting their money and making a list of things to buy
I think people who joined Uber before 2013-14 would get substantial return. For the rest, it is not going to be huge.
Almost everyone 2015 and after got fucked. So not enough millionaires to make a significant impact on housing market.
Cash out ipo, buy shack for million, housing crashes, lose $300k...try again with another startup
Late 2014 is 3-4x. Early 2014 is 10x. Anyone joining 2015 or earlier should see at least 1M. 10+ million for early 2014.
Is it due to any stock split that happened in early 2014? What was the split like?
Yes, there were 2 splits. Uber went from 3.5B valuation in summer 2013 to 40B valuation end of 2014. This happened in two events at mid and end of 2014 which also caused stock splits. Offers that happened in the first half of 2014 were very lucrative. The numbers I quoted above are minimums. I expect averages to be 2x these amounts and top offers probably 4x. There was a lot of variance in the offers in these early days. 2015 offers took into account the 40B valuation and the offers dropped proportionally. Still, during early 2015 offers were high enough to hit 1+million today even if IPO is not as high as rumored.
0-1x for some
Lol this is not gonna affect the housing price, not even 1%
It is precisely these sort of events that do impact the housing prices there and drive it upwards.
I’d guess fewer than 1000 employees in the Bay Area would make more than $1 million off of a successful liquidation event. It would affect things for sure but probably not to a significant degree