Uber L5B offer

New iKYt28
Oct 11, 2018 77 Comments

10 YOE. L6 at Google with 550 TC. 200k salary rest is bonus and stock.

L5B Uber
Salary 215
28k shares 1 yr cliff and 4 year vest
30k cash annual bonus
Refresher 140k 3 year vest

Prorated cash bonus and equity refresh for March target (even when it’s not a year). Note this is the same normal bonus, just prorated.

Key thing is evaluating the shares.

Thoughts?

comments

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TOP 77 Comments
  • Amazon / Eng ajbsbzzbhz
    How do people reach such heights in career? Any suggestion for underachievers?
    Oct 12, 2018 7
    • eBay HireMe?
      10 onsites is a lot! How did you get that much time away from work? And how many other places gave you offers?
      Oct 12, 2018
    • New iKYt28
      OP
      Took vacation. 6 offers
      Oct 13, 2018
    • eBay HireMe?
      That’s amazing. Congrats on your success. I hope to be similarly successful, but i would be happy with half of what you pulled off !
      Oct 14, 2018
    • Amazon / Eng in bvggx
      Any advice to 3yoe mediocre aspiring to be that successful?
      Oct 14, 2018
    • New iKYt28
      OP
      Probably should switch from amazon after year 3 vest. Google and FB pay better
      Oct 14, 2018
  • What's the march target?
    Also, any reason to leave goog?
    Oct 12, 2018 8
    • Yep.
      Oct 12, 2018
    • If you're still over there, what the bloody hell are you waiting for? PM if you need a referral to Uber
      Oct 12, 2018
    • New iKYt28
      OP
      What do you mean by referral to Uber? Already have an offer. Do you mean for advice ?
      Oct 12, 2018
    • Not for long mate. PM ed you.. Thanks for the offer
      Oct 12, 2018
    • @iKYt28 I reckon he was replying to me.
      Oct 12, 2018
  • Google / Eng CrypticStr
    Just wondering if 28k shares are normal to get as 5b? If yes then there is a very big difference (double) between the number of stocks given to a 5a and 5b
    Oct 12, 2018 7
    • Comcast kSoT38
      I think offers have been getting higher. My 5a offer included 18k shares.
      Oct 12, 2018
    • Google / Eng CrypticStr
      Comcast- your yoe?
      Oct 12, 2018
    • Google / Eng CrypticStr
      I heard 17k was their highest cap for 5a
      Oct 12, 2018
    • Comcast kSoT38
      11 yoe
      Oct 12, 2018
    • Google / Eng CrypticStr
      That's very good for the level bro.
      Oct 12, 2018
  • Uber / Eng bag
    Offer is pretty good and 5B level is also appropriate.

    For stocks, current market value is $40, so that would be 1.12M RSUs over 4 years. However that is very undervalued. You should consider minimum share price of $48.77 which is the last investor price (Toyota was the last funding round at this price) at the valuation of 76B. That would mean your RSUs are worth about 1.36M.

    Likely valuation at IPO is anyone’s guess. However in the most normal case, you can assume 90B at share price of $58 per share as a very likely value. That would make RSUs worth 1.62M.

    If Uber does well, which is very possible, valuation at IPO could be 100B or higher.
    Oct 12, 2018 3
    • Microsoft Netflixe
      Agree on the IPO valuation. But how it's going to be 2-3years down the line is anyone's guess. The folks who joined in 2014 will make out like bandits I guess
      Oct 12, 2018
    • Uber / Eng bag
      Who knows! Obviously just like any stock there’s a lot of guesswork here. The longer you foresee the more error margins.
      Oct 12, 2018
    • New iKYt28
      OP
      Thanks a lot!
      Oct 12, 2018
  • Omg!
    10 years and I am L5 at Amazon 🤮
    Oct 11, 2018 1
    • Google / Eng CrypticStr
      But still you are printing cash because of stock growth
      Oct 12, 2018
  • Uber xxvegas
    Offer is extremely good.
    Oct 12, 2018 0
  • Facebook utGz11
    Curious how you manage pulling 300K at Google L6 consistently. Isn’t the CME refresher around 200K, or is it due to stock appreciation?

    Mind to share the RSU dollar values of the Uber equity?
    Oct 11, 2018 5
    • New / Eng
      fancydna

      New Eng

      PRE
      Google
      fancydnamore
      Due to $Goog growth I guess.
      Oct 12, 2018
    • Google sunnyvale8
      Maybe he joined Google recently as l6
      Oct 12, 2018
    • New iKYt28
      OP
      It’s just stock appreciation. Been at Google for all 10 years
      Oct 12, 2018
    • Google sunnyvale8
      Why do you want to leave Google? Why not get to l7, you will make more money in Google
      Oct 12, 2018
    • New iKYt28
      OP
      I like Google but it’s the only job I’ve known. Wanted to look around and see what’s out there. Uber might have a better financial upside and career trajectory.

      It’ll probably be a few years before L7, and it might not happen. Looks pretty hard to get.
      Oct 12, 2018
  • Uber Tech420
    Definitely very high end of 5B - that offer is close to L6 offer.
    Oct 12, 2018 0
  • Uber Do$$
    You should ask l6
    Oct 12, 2018 3
    • Uber nbvryude
      hahah these comments
      Oct 12, 2018
    • New iKYt28
      OP
      Don’t think that’s happening lol
      Oct 12, 2018
    • Uber nbvryude
      nvm, he is probably an L4
      Oct 12, 2018
  • Uber Rthr53
    Offer is good. but don't go to L5b from L6 at Google. Ask what's a gap to L6
    Oct 12, 2018 2
    • Uber / Eng bag
      Why not? That’s how the normal mapping is.
      Oct 12, 2018
    • Uber / Eng bag
      Most Google 6 wouldn’t meet Uber 6 bar.
      Oct 12, 2018
  • Uber otixorp
    28k seems very high indeed
    Oct 12, 2018 0
  • Facebook supichai
    Overpaid
    Oct 12, 2018 0
  • Uber / Eng baɡ
    That is a very solid 5b offer
    Oct 12, 2018 0
  • Isn’t their stock valued at $50? So are they offering 28k RSUs? =$1.4M?
    Oct 11, 2018 0
  • Uber movingfw
    great offer!
    Oct 11, 2018 0
  • In my offer which I got last year, it only mentions a performance bonus, no refresher or annual cash bonus. Did I get ripped off?
    Oct 12, 2018 6
    • New iKYt28
      OP
      Are you Eng? YOE? Can ask about refresher and annual? Maybe that’s what performance bonus means?
      Oct 12, 2018
    • L5a eng so my numbers are smaller, and that's fine. What I'm concerned about is the number of numbers. In your OP you mentioned both refresher + annual cash as well as performance bonus. My offer only has performance bonus (which has cash and RSU component), no mention of the words refresher or annual cash.
      Oct 12, 2018
    • New iKYt28
      OP
      There’s just an annual cash bonus and a refresher. I mentioned that they’d give me a prorated bonus in March, even if it hasn’t been a year. So you’re probably fine
      Oct 12, 2018
    • Ohhh so you're referring to the same thing. Ok
      Oct 12, 2018
    • Google WatsGoinOn
      How will the March refresh look like?
      Oct 12, 2018
  • Uber movingfw
    L5 at Google was recently hired as a L6, so L6 to L6 definitely should be possible.
    Oct 12, 2018 3
    • Uber / Eng bag
      One example is not sufficient and is not the norm.
      Oct 12, 2018
    • New iKYt28
      OP
      He probably did better than me :)
      Oct 12, 2018
    • Maybe he's due for a promo at Google
      Oct 13, 2018
  • Microsoft / Product T7j23
    How much is a share worth for Uber? Kinda confusing you used dollar amount for refresher and number of units for the grant
    Oct 11, 2018 2
    • New iKYt28
      OP
      I think it’s just 140k of whatever their stock is currently worth
      Oct 12, 2018
    • Comcast kSoT38
      Initial grant is in shares and refresher is in dollars in the offer. They will calculate the shares for the refresher at the time of grant.
      Oct 12, 2018
  • Microsoft Netflixe
    Interesting series on Uber OP:
    https://www.nakedcapitalism.com/2018/08/hubert-horan-can-uber-ever-deliver-part-sixteen-morningstars-horrendously-bad-uber-analysis-preview-ubers-ipo-propsectus.html

    I'm in a similar conundrum. Netflix vs Uber. I'm nervous as to how the stock will fare 2yrs down the line
    Oct 12, 2018 1
    • Uber / Eng bag
      The product of Netflix is entertainment and perhaps has a bit of negative impact to society. I have wasted thousands of hours watching Netflix which I wouldn’t have otherwise if Netflix didn’t exist. But i did enjoy it ;)

      One thing seriously though, technically Netflix product may not be as challenging or exciting as Uber, by a large margin.
      Oct 12, 2018
  • Amazon / Eng ajbsbzzbhz
    Awesome! Job well done!
    Oct 12, 2018 0