Uber vs Airbnb offer comparison

Facebook VULp21
Nov 7, 2018 103 Comments

I’m deciding between Uber and Airbnb for my next role. Both offers are for first line managers (EM2 at Uber and M1 at Airbnb). I have 10 years of experience with 3 as a manager. Here are the latest offer numbers:

Uber: 215k base, 75k sign-on (over 2 years), 1.2 mil in RSUs (based on preferred stock price at 72b valuation), 30k target annual bonus, 140k target annual RSU refresher.

Airbnb: 250k base, 90k sign-on, 1.3 mil in RSUs (based on preferred stock price at 31b valuation), 25% target annual bonus (comes to around 63k), 250k target annual RSU refresher.

Assuming roles at both companies are exciting for me, how would you compare the offers?

Also looking for insights around company culture, product execution (have heard Airbnb had some challenges there recently), likely performance after IPO or anything else that you think will be useful. Thanks!

451 VOTES SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

comments

Want to comment? LOG IN or SIGN UP
TOP 103 Comments
  • Netflix Lovers
    I hear there is a big exodus from Airbnb going on. We’ve been getting a lot of applications from them.
    Nov 7, 2018 6
    • Facebook VULp21
      OP
      I've heard that too. Do you know what might be causing it?
      Nov 7, 2018
    • Netflix Lovers
      No IPO in sight. Frequent reorgs. No confidence in leadership. Just what I hear.
      Nov 7, 2018
    • Airbnb gunnarcan
      Your info is outdated. Those were issues earlier this year, they have been resolved. At this point the people I see leaving are mostly those that hit their 4-year-cliff or people that joined when the company was much smaller and don’t enjoy the larger company life.

      We just poached the head of Google Search for CTO and the head of Amazon Prime to run our main business, so confidence in leadership is fine now.
      Nov 7, 2018
    • Lyft wonkaa
      Still no IPO in sight. No reason for it.
      Nov 7, 2018
    • Airbnb gunnarcan
      There are strong reasons for it. IPO will almost certainly happen in 2020.
      Nov 8, 2018
  • Airbnb / Eng InfraHack
    Doesn’t our offer beat Uber at every level?
    Nov 7, 2018 2
    • Facebook Pills
      Uber will IPO in 2019, making their comp more liquid and better than AirBnB.
      Nov 7, 2018
    • Facebook VULp21
      OP
      It does. Looking at future stock growth and learning opportunities as well. I’m not too much of a product person.
      Nov 7, 2018
  • New / Eng uhYr23
    Current TC?
    Nov 7, 2018 12
    • ah, gotta love the ‘you should be making >$500k’ dudes with 3YOE. enjoy your L4 ride, buddy.
      Nov 8, 2018
    • Uber ZombieZoo
      Haha. He read a book so he’s an expert.
      Nov 8, 2018
    • Facebook Pills
      Most E6 at FB make 500+, many even 600+. Yes it includes appreciation, but people have gotten dependent on it so much they get a DE if they’re approaching a cliff to retain them (otherwise they’d jump ship).

      Remember there was huge wave of DE and refresher raises in 2016 because retention stock grants after IPO reached their cliff.

      Again, most E6 get TC 500+ at FB, so OP should wait till end of year assessment to see if they get the DE. It’s in your benefit.
      Nov 8, 2018
    • New / Eng uhYr23
      Someone please clarify what DE is.
      Nov 8, 2018
    • Facebook Pills
      @cho Chang - E6 refresh target is $200k for the bare minimum Meets Expectations rating. In practice you’ll get 1.5 - 2x that.
      Nov 8, 2018
  • Facebook VULp21
    OP
    Thanks for all the info! I’ve accepted Uber offer.
    Nov 12, 2018 7
    • Facebook VULp21
      OP
      They did not match. I accepted the same offer on the original post.
      Nov 12, 2018
    • Uber / Eng bag
      Welcome to Uber VULp21! Best luck and hope you enjoy your role here!
      Nov 13, 2018
    • Uber / Eng
      [ 👈💼👉 ]

      Uber Eng

      PRE
      Google, Uber
      [ 👈💼👉 ]more
      Warm welcome to Uber! You’re in for an amazing adventure!
      Nov 13, 2018
    • Uber / Eng jigcnk
      Welcome
      Nov 13, 2018
    • Groupon
      butwwhy

      Groupon

      PRE
      Adobe
      butwwhymore
      That Airbnb offer though 🔥🔥
      Jun 15
  • Oath Xxccx
    Uber just hired a new CFO in August after 3 years of not having one which is a great sign for their ipo. Airbnb does not currently have a CFO as theirs left in February of this year. Airbnb will not ipo without a CFO.

    That said if I was a gambling man I would say the chance of both companies being public within 5 years is very high. With the long term mentality (not just thinking one or 2 years out) I think Airbnb's offer comes out ahead.
    Nov 7, 2018 5
    • Facebook VULp21
      OP
      Yeah those are great points. Do you the ceiling for growth is higher for Airbnb? They have regulation and competition to slow them down as well.
      Nov 7, 2018
    • Oath Xxccx
      Uber has lots of competition too. Lyft/waymo/cruise. Many car companies are working on self driving tech and investing billions. It's a race right now

      Airbnb also has competition (mostly booking.com I think) and regulation is a challenge. That said airbnb is already profitable while Uber is bleeding money year after year.

      You could always stick it out at airbnb for a couple of years and see if they get a cfo in that time. If they do and it looks like he/she is moving the company toward ipo, then hang around. Otherwise hop again in late 2020 or 2021

      I have heard that many people at airbnb have shares that will be expiring in 2020. So unless their plan is to fuck those people over (which I doubt) they will have to either ipo or do a share buy back or something by the end of 2020. Airbnb at this point is offering yearly bonuses and allowing folks to take 25% of their rsu refresh as cash while they wait for ipo. I would expect these types of cash incentives to continue until the ipo which will make the liquid from airbnb in the meantime much better than Uber on top of your solid base.

      There are still many different avenues for growth with both companies. Uber has freight and eats while airbnb has trips and experiences. Your offer at the 31b valuation for airbnb has significant upside. Many public reports (e.g. Morning star) say that airbnb is worth more like 40-60b today.

      Another thing to consider is the culture at airbnb seems really nice. Wlb will likely be decent. Airbnb also has better food and a solid 401k match, and mega backdoor Roth, while I don't think Uber has any 401k match.
      Nov 7, 2018
    • Facebook VULp21
      OP
      @Xxccx Thanks for sharing your thoughts. Very detailed and informative. Uber also seems to be undervalued and there are talks about 120b IPO. Whether these numbers would actually hold up during IPO and eventually after lockup expires is anyone’s guess.
      Nov 7, 2018
    • Airbnb / Eng Noodle bar
      @Xxccx what is the mega backdoor Roth? Mind elaborate?
      Nov 8, 2018
    • A guy in this thread says airbnb has it
      https://us.teamblind.com/s/itOHdwtv

      Just search blind for mega backdoor Roth and you will find lots of info
      Nov 8, 2018
  • Uber / Eng
    [ 👈💼👉 ]

    Uber Eng

    PRE
    Google, Uber
    [ 👈💼👉 ]more
    Another area to evaluate on is the engineering challenge.

    At the end of the day, Airbnb is a traditional e-commerce marketplace. The engineering challenge does not seem that deep.

    Compare that to any of the FAANG:
    FB: social graph at global scale
    Amazon: logistics at global scale
    Apple: technology business
    Netflix: content distribution at global scale (15% of bandwidth is Netflix streaming)
    Google: obvious.

    Compare the engineering challenge at Airbnb vs what you’re doing at FB.

    Uber in the other hand has deep engineering challenges:
    * real time location of riders and partners
    * marketplace efficiency
    * real time pricing
    * routing efficiency
    * bandwidth and device limitations in developing countries.
    * real-time distributed systems.
    Nov 8, 2018 0
  • Amazon PAxv45
    Airbnb because i am an Uber hater.
    Nov 7, 2018 5
    • Facebook VULp21
      OP
      Things have changed as far as their culture is concerned.
      Nov 7, 2018
    • Uber / Ops
      douguberdo

      Uber Ops

      PRE
      Facebook
      douguberdomore
      Agree- I've been at Uber since April and culture seems to continue improving. Of course, there are still some groups/people stuck with the old culture, but I've got an awesome wlb, great team and supportive management.
      Nov 8, 2018
    • Uber ZombieZoo
      Cuz you can’t get here?
      Nov 8, 2018
    • Uber / Ops Hd63gf7
      @zombiezoo your comment above is why people still hate Uber. Stop hating and get back to work
      Nov 8, 2018
    • Uber ZombieZoo
      Don’t parent me H. Tell that to entitled millennial crybabies B is full of. Uber is great. The best I’ve ever worked at. Will never go to any other Corp.
      Nov 8, 2018
  • Bloomberg $ROPE
    That Airbnb offer is pretty damn spicy. My Uber offer (last week) was granted at ~60B valuation, you sure about 76?
    Nov 7, 2018 8
    • Facebook VULp21
      OP
      Right, it was 26k RSUs.

      @$ROPE: What level was your offer at. Can I message you for details?
      Nov 7, 2018
    • Bloomberg $ROPE
      It's a SWE I, but I've got a friend who would probably know what the appropriate range for the manager levelling is.
      Nov 7, 2018
    • New / Eng uhYr23
      May I ask what SWE level?
      Nov 7, 2018
    • Amazon / Eng
      TC++

      Amazon Eng

      PRE
      Uber
      TC++more
      Uber is better generally due to ipo coming up but if you can negotiate that would be great; Airbnb's offer is very good
      Nov 7, 2018
    • Facebook VULp21
      OP
      Uber doesn’t negotiate compensation much anymore. The first thing recruiter mentioned regarding offer expectations (in our first call) is that they are not the highest paying right now; nor do they do much negotiating. So I’m out of luck there.
      Nov 7, 2018
  • Uber / Eng jigcnk
    I think that execution, opportunity and ambition are much better at Uber these days so your equity will likely grow more at Uber than at AirBnB over the next four years. You’ll definitely learn more at Uber. That said, I don’t know your personal circumstances and sometimes that high base matters such as supporting a family. Unless you have a strong reason for preferring the high base, I would opt for growth.
    Nov 7, 2018 4
    • You can't say for sure that equity will grow more with Uber. Uber is miles from being even close to turning a profit. No ride sharing companies are making money. It's a calculated risk both ways.
      Nov 7, 2018
    • Facebook VULp21
      OP
      Yeah, that’s what I was going to ask too. I can see Uber’s growth story, but it comes at the cost of spending billions every year. Not sure how the company can turn profits given that some of the competitors are also well funded and aren’t going anywhere anytime soon.
      Nov 7, 2018
    • Uber / Eng jigcnk
      The finances look a lot better from the inside. I can’t say more than that other than reiterating that companies lose money before they start making money and we have a clear path to profitability and a long future of growth beyond that. I know more than the average Uber employee but can give more details without de-anonymizing myself.
      Nov 8, 2018
    • Facebook VULp21
      OP
      Yeah, I understand it is difficult to paint a clearer picture for folks outside the company. As long as there is a clear path to profitability and great execution to get there, it should be fine.
      Nov 8, 2018
  • Airbnb RealSlimS
    Am engineer at Airbnb, joined mid 2017, 16 years of experience. It’s easily the best work experience I’ve ever had. Culturally, median age I’d say is pretty young and in mid 20s. I’m in my late 30s and generally the oldest person in any room, but it hasn’t had any negative effect, IMO. Co-workers are awesome, managers are supportive (I love my manager), and product problems are challenging. Culture is excellent.

    Negative is that the monolith at Airbnb is the biggest and and hairiest monolith I’ve ever seen in my life, and I’ve seen some gnarly ones. It’s being decomposed right now and taking away significant amount of resources to break out into services and micro services. I wouldn’t say it’s a Twitter-scale refactoring that they did few years ago, but it is significant enough for an overall slowdown of new product development. This is the number one priority in engineering right now, to pay off years of tech debt, which is going pretty good.

    As for execution, there were couple huge launches where the leadership set the product features and hard deadline before any engineer got to scope it. This led to some product teams to deathmarches and even more tech debt. I wasn’t on these product teams but the people on those teams were not happy. My team is great though.

    Business-wise, we are doing really really well.
    Nov 8, 2018 2
    • Snapchat ssvc28
      How was experience doing? Are eng from this team super busy?
      Nov 12, 2018
    • Airbnb RealSlimS
      There are several subteams on experiences. I know that their infra, platform, and architecture teams are ultra busy. Experience business itself is growing at the same rate as homes did when it launched and is considered a success so far.
      Nov 12, 2018
  • Uber / Eng bag
    I would say go for Uber.

    But I don’t know much about AirBnb other than that their tech stack is not as complex as Uber’s.

    With regards to Uber, you can’t do any wrong by picking it. Uber has overcome a testing 2017 and is back on solid footing again. It showed to me the strength of the company in terms of people, product and market fit; and even more so the passion which drives the company. Now we are firing on all cylinders. We have a great leadership and have made strong hires recently. Lot of growth ahead in existing and new products.

    Uber’s products feel much more exciting to me than AirBnb, that’s my personal choice though.
    Nov 8, 2018 0
  • eBay / Eng
    tcyoegtfo

    eBay Eng

    PRE
    eBay
    tcyoegtfomore
    Hey OP your TC is 480 K currently at E6. Is this possible for someone who starts as FB as new grad and climbs to E6? Did you start at FB?
    Nov 7, 2018 8
    • eBay / Eng
      tcyoegtfo

      eBay Eng

      PRE
      eBay
      tcyoegtfomore
      Right. But then what does a company like facebook do for someone who is a long serving employee ( good performance track record )?
      Nov 7, 2018
    • Facebook VULp21
      OP
      Salaries are adjusted every review cycle. So it eventually catches up. Btw, this is not only a problem at any one company. It happens pretty much everywhere given how competitive hiring has become.
      Nov 7, 2018
    • Uber ZombieZoo
      OMG... I keep being amazed of how much shit is floating around because of ignorance. Here, some education for babies, a Google search result. gle.com/amp/s/kkkk://www.forbes.com/sites/lizryan/2016/12/19/10-good-reasons-to-change-jobs-every-3-5-years/amp/
      Nov 8, 2018
    • Uber / Eng
      [ 👈💼👉 ]

      Uber Eng

      PRE
      Google, Uber
      [ 👈💼👉 ]more
      @Tcyoegtfo, much of FAANG total comp is composed of stock appreciation. When you are with a company for a long time, your RSUs can get to multiples of your base by the time they rest.

      Because of the growth, people are less concerned about base comp growth. Now, companies will start to worry when stock stops growing consistently. When you have a down quarter, that’s when you get an influx of resume from FAANG
      Nov 8, 2018
    • eBay / Eng
      tcyoegtfo

      eBay Eng

      PRE
      eBay
      tcyoegtfomore
      Thanks for the info :)
      Nov 8, 2018
  • Uber / Eng
    GAANDUF

    Uber Eng

    PRE
    Google
    GAANDUFmore
    very good offers for both, you can’t go wrong, congrats!

    I would choose based on the team, though personally (also came from FB) I think Uber has more interesting technical challenges and more potential for learning / growth

    also we are dead set on IPOing in less than a year whereas Airbnb doesn’t seem close. culture has done a 180 here as well
    Nov 8, 2018 0
  • Apple ohnoo
    I have only 1 question- how do i get to l6? Please advice. I desperately need it.

    Now to answer your poll- uber is clear choice
    Nov 7, 2018 2
    • Facebook VULp21
      OP
      Not sure if you’re trolling about L6. :)

      Regarding Uber being a clear choice, could you elaborate more?
      Nov 7, 2018
    • Apple ohnoo
      No i am not trolling. I am genuinely interested to know how to get to L6. I am stuck at L5 and cant seem to make that jump.

      Uber makes sense because
      - going ipo soon. So your tc would be more realistic
      - airbnb seem to have faded away. I know many who have quit
      - better problem to solve at uber
      Nov 8, 2018
  • Oath Kfbhd1
    Which offer did you end up accepting OP
    Nov 12, 2018 1
    • Facebook VULp21
      OP
      Uber
      Nov 12, 2018
  • What was Airbnb interview process like for managers? Easier or harder than Uber?
    Nov 8, 2018 3
    • Microsoft / Eng rvnN27
      From what I gather Looks supeeeeerrrrr tough. Almost coding at IC bar

      How is it at Uber
      Nov 8, 2018
    • Facebook VULp21
      OP
      I felt Airbnb was a bit easier on system design and management. But tougher on coding (there was a coding round on laptop for Airbnb whereas Uber had no coding round). It could also be specific to the team I interviewed with at Uber.
      Nov 8, 2018
    • Facebook VULp21
      OP
      Overall, I felt Uber interview to be more intense with lesser rounds. Airbnb focuses a lot on cultural aspects around cross functional collaboration.
      Nov 8, 2018
  • Uber xxvegas
    OP, congrats on both offers. Talk to HM to escalate your number ;).
    Nov 8, 2018 4
    • Facebook VULp21
      OP
      Thanks! I wish they would negotiate more. Uber doesn’t negotiate much these days (hiring manager has no say) and Airbnb said they’re kinda maxed out on the offer.
      Nov 8, 2018
    • Uber xxvegas
      There are exceptions could be made. HM needs to make a case, signed by director and VP etc. Try push for it.
      Nov 8, 2018
    • Uber ZombieZoo
      Don’t spread rumors, Vegas.
      Nov 8, 2018
    • Uber qcyc78
      Well, what Vegas said is true ...
      Nov 8, 2018
  • This comment was deleted by original commenter.

    • Facebook VULp21
      OP
      I’m not in any immediate need for liquidity. I was reading up a bit about their businesses. Airbnb’s business seems to have a stronger moat and more network effects given the barrier for entry into the space.
      Nov 8, 2018
    • Facebook VULp21
      OP
      Are you picking Uber? Also is your offer for 5b level?
      Nov 8, 2018
    • Facebook VULp21
      OP
      That’s great. Congrats! Did you get around 26k in RSUs?
      Nov 8, 2018
  • Uber Testtile
    Which level does airbnb m1 map to?
    Nov 7, 2018 1
    • Facebook VULp21
      OP
      It maps to 5b at Uber (EM2 is the equivalent to 5b on management track)
      Nov 7, 2018
  • Bloomberg $ROPE
    You're definitely welcome to DM me, I pinged my friend about your offer.
    Nov 7, 2018 1
    • Facebook VULp21
      OP
      Just did
      Nov 7, 2018