Compensation

Uber Sr. EM offer

Google SF-ABC
4d

L6, Senior Engineering Manager role
Base: $225K
Target Bonus: $42.5K
RSU: 30K units @ $42.52 (latest 409A valuation)
RSU refresher: 175K/4 years
Sign-on: $85K
YOE: 14

Would this be considered a fair offer?

comments

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  • Proofpoint / Otherinstant
    ((42.52×30,000)÷4)+42,500
    +225,000+(175,000÷4)
    +(85,000÷4)
    650k TC is a great offer!
    4d0
  • Okta doomsday
    Whoa this offer
    4d0
  • Microsoft hotsteppa
    Good. Take it! Congrats!!!
    4d0
  • Congrats! What’s current level at Google?
    3d0
  • Google worshipped
    Wasn't Uber's 409A price $48? Did they dilute again?
    3d5
    • Google SF-ABC
      OP
      Recruiter told me $42 was the 409A valuation price and $48 was the preferred share valuation
      3d
    • Google worshipped
      Does Uber have preferred stock anymore? I heard that class of stock was removed in 2018. Or these are two different things?

      Also if 409A valuation is 42, it means stock was even more heavily diluted while selling to SoftBank is below the 2016 high.
      3d
    • DoorDash P7gw9j2ha
      Preferred stocks usually convert to common stock on liquidity. So, I pretty sure they still have both classes of shares.
      3d
    • Uber
      growthy

      Uber

      PRE
      Google, Facebook
      growthymore
      Preferred is not same as super voting. Also Uber’s 409A was never 48.
      3d
    • Google worshipped
      Ohh $48 was the price the recruiter told me a month back.
      3d
  • Square / EngSQ
    Nice humblebrag
    3d2
    • Google SF-ABC
      OP
      Didn't negotiate much in some of my past offers and have been burned. Looking to the Team Blind community to help out this time around.
      3d
    • Square / EngSQ
      650k for an EM is extremely generous no matter your past.
      3d
  • Tesla / EngmrDonald
    $42 is the strike price so you have to buy your options at this price?
    3d9
    • Uber mJJU45
      Nope, they’re RSUs
      3d
    • Tesla / EngmrDonald
      How can they be RSUs if uber is not public?
      Afaik the strike price cannot be less than current evaluated pride. Might be wrong though.
      3d
    • Two Sigma zxcasdq
      Being public or private doesn’t mean a company doesn’t have stock. Public just means it’s tradable on public exchanges.
      3d
    • Tesla / EngmrDonald
      If you given options for 1mil, you have to pay to buy those options + pay taxes. So the guy needs to pay half a million in taxes and to the company for his potential 1.0 million in future money.
      3d
    • Uber mJJU45
      They’re RSUs. Don’t incur tax until they vest, which happens at (or after) IPO
      3d
    • Tesla / EngmrDonald
      So uber never had options?
      3d
    • Uber mJJU45
      Yep I think they did until a few years ago, they might’ve been converted to RSUs. All new hires for the past few years have had RSU grants
      3d
    • DoorDash P7gw9j2ha
      Private companies can hand out RSUs as well once they are late stage (series D+). Options would no longer be attractive to employees because of the large cost to exercise.
      3d
    • Tesla / EngmrDonald
      Gotcha
      3d
  • Snapchat dilbert123
    Congratulations! Great offer..higher than a L6 at Google. If L6 in Uber is Senior Manager, is L7 a Director?
    3d1
  • Jet.com xyAB123
    Offer seems good. Do you mind if I DM you about the interview process itself?
    3d0
  • Apple okbffvn
    Base can be higher. 225 is 5b base... everything else looks good
    3d1
    • Google ------+
      Yep. Base can be higher
      3d
  • Facebook
    ATAG

    Facebook

    PRE
    Google
    ATAGmore
    It’s a great offer you shall take it , also generally cash bonus and refreshers could go up to 2x but in an ideal scenario it goes like (1.3x to 1.5x)
    3d0
  • Airbnb ejcitn
    Great offer
    3d0
  • Pinterest Ready
    The refreshers you mention kick in after year 1 right? Initially you are given only the equity grant
    3d0
  • Uber mJJU45
    Great offer 👍
    3d0
  • eBay abababbb
    We can exchange offers if you want
    3d0

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