Zume Inc Senior Software Engineer

SAP johndoe
Feb 21 18 Comments

Got a vocal offer from Zume Inc. (https://zume.com, Series C, raised about $400mio from Softbank) in SF:

Base: 190k
Stock: ISO paper money, $550k over 4 years with strike of $220k = $330k spread = $82500 / year
Signing: probably yes, but waiting for me to be ready for final offer to discuss this
TC based on above numbers: $272.5k
Level: T6
YoE: 5-6

What do you think about this offer? Anybody working at Zume or got an offer there as well?

I kinda like the tech stack (sort of mirrors of what I'm expert in) and the manager and would have from the start a really important, concrete project I could be the lead person (and which fits my prior experience very well).

I think I could push the numbers a bit up and the base above 200 for the final offer.

Also I'm starting to interview with a bunch of other companies Incl fb, uber, Amazon but I doubt I can hold the zume offer that much longer. TBH I need a couple more weeks of LC before I proceed with FANG. I had a few days ago a LinkedIn phone interview with 2 LC easy and messed up badly the second one of them (lack of sleep and just did 1/2 days LC prep 🤯), so that's why I wanna take the FANGs slowly from now. Also had a tech screen with Atlassian which I cleared but I doubt they make good offers, so not sure if that's worth my time...

Thoughts?

comments

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TOP 18 Comments
  • Amazon / Eng
    coolkid326

    Amazon Eng

    PRE
    Amazon, ZUME Pizza
    coolkid326more
    I am working at Zume now. Currently we are working on some exciting projects. I think the base looks quite good. And I am also confident that the ISO will not go to 0 since we are issuing RSU from now on.
    Mar 2 2
    • Amz -> Zume ?? The choices we have to make these days !!
      Apr 24
    • Amazon / Eng
      coolkid326

      Amazon Eng

      PRE
      Amazon, ZUME Pizza
      coolkid326more
      Well, Amzn is going to keep growing for a long time. But it is hard to say for individual growth. Being in a startup like this can be a good opportunity. BTW, you can always go back and maybe you TC will increase because they always increase the TC for new hires.
      Apr 24
  • Microsoft M💰FT
    Be ready for that to go to 0
    Feb 21 5
    • SAP johndoe
      OP
      You mean the ISOs? Yeah I'm aware of that potential outcome although I hope that with Series C and this amount of funding it is less likely to happen.
      Feb 21
    • Microsoft M💰FT
      Yeah, their pizza isn’t even good...
      https://yelp.to/qTKq/1Iph90QxvU
      Feb 21
    • SAP johndoe
      OP
      Yeah well they kind of moved on from the pizza business to some extent www.zume.com. They're actually aiming to generalize some of the pizza stuff for other food companies and sell / license it to them. The pizza business is these days a seperate entity / company owned by Zume Inc. . And well their pizza used to be really good actually when I tried them a few years ago when they were small, but not sure if / how that has changed.
      Feb 21
    • Microsoft M💰FT
      Seems like bullshit to me. They are using 3rd party manipulator arms and ROS to do pretty basic stuff. But if you buy it then great offer!
      Feb 21
    • They actually have a human stretch their pizzas in the assembly line .. the machinery is that good !! Looks like another webvan and blue apron to me !
      Apr 24
  • I’m going through interview process too. Would love to share experience. Dm me!
    Apr 11 0
  • Drive.ai fds
    The valuation on those ISOs sounds like bullshit. ISOs have to be given at fair market value, so I think whoever gave you those numbers was probably comparing the value of preferred shares and common shares (apples vs oranges). Read about ISOs; don't be led on.
    Feb 21 3
    • SAP johndoe
      OP
      ok thanks for the comment. I honestly was also a bit surprised about the small spread between strike and valuation since this is normally much larger I think. I'll dig into this in a follow up call.
      Feb 22
    • Drive.ai fds
      I meant that the spread between strike and and valuation should be zero, by law. Read about it in detail, there are many online resources about ISOs.
      Feb 22
    • Amazon / Eng
      coolkid326

      Amazon Eng

      PRE
      Amazon, ZUME Pizza
      coolkid326more
      Valuation is determined by preferred share price, while ISO can be converted to common shares. Usually the preferred share is higher than common shares, which give the investor priority to claim payout in case of bankruptcy or acquisition.
      Mar 2
  • SAP johndoe
    OP
    OP here. After having looked at other places for a few weeks they came in with an "official" offer now:
    - 190k base
    - 345k RSU (note they changed from ISO to RSU recently) vested over 4 years
    - 15k sign on

    They say they're currently valued at 1.8bn btw.

    Anyways - probably going to pass.

    Did some of you guys join and how is it?
    May 14 1
    • They don’t have product market fit. Money is only paper. Most companies at this stage already have proven market fit but not zume.
      May 14
  • LinkedIn / Eng bookstore
    Up, they have tons of VC money and funded for the next 3 years. But yeah i dont see yet big contracts / revenue streams
    May 31 0
  • Oath
    MkYp74

    Oath

    PRE
    PayPal
    MkYp74more
    Do you mind sharing the interview questions?
    May 28 0