Facebook: (-) Base: $118,000 (+) Yearly bonus: $11,800 (+) Sign-on bonus: $70,000 (+) RSU: $150,000 (+) Cheaper COL area (Seattle) (+) Catered breakfast, lunch, and dinner (+) Looks better on a resume (+) Safer company during an upcoming recession (-) Less interesting product (-) Slower growth than at the unicorn Fintech Unicorn offer: (+) Base: $135,000 (-) Sign-on bonus: $30,000 (-) RSO: 10,000 options currently at $8.80ea ("valued by investors at $13.18ea") = $88,000 ("investor valued" $131,800) (-) More expensive COL area (San Francisco) (-) Only catered lunch and dinner (+) I'm passionate about the product (much more so than FB) (+) I would be working on one of the most critical teams (+) Currently valued at $3B and has been growing extremely fast I really think I'd enjoy the work at the startup better, but Facebook is probably more prestigious on my resume. This is probably particularly important to me because I dropped out of college, and I have that working against me when looking for future employment. That might not be as big of a deal as I think though. Thoughts?
Go to fintech if you like the work and manager and can grow faster. You ll learn a lot at both places. Also, you can switch to Facebook after a year or two if the startup doesn’t work out.
Fintech
That RSO is worth exactly 0 because you’ll have difficulty selling it when you hop. Go to FB for that signing bonus and you can reinterview 1 yr later.
That's probably a good point - while I've thought about joining Facebook for a year just to cash the signing bonus, I haven't considered that aspect of the RSO of the unicorn
Typically you’ll have 90 days to exercise the RSOs when you leave or the RSOs expire. Exercising costs a lot of money and you get illiquid shares that are most likely worthless. If you don’t hop around you get paid peanuts.
Yoe?
New grad - my Facebook offer is as a returning intern
Fb returning interns can push the bonus to 100k with competing offers afaik (might be different for 2020 offers this was 2019)
im assuming its plaid
different part of the fintech industry
Affirm?
Do what makes you happy. But I’d say FB is much safer if you dropped out. Also are the RSOs paper money? You might want to consider that it.
I agree. I had a coworker last recession who was also a dropout / eng, and he remarked that after a layoff, in a bad economy, it was much harder to find a job with no degree and a less recognized name. FB fills a cachet gap on your resume.
First unicorn could be as prestigious depending on which one. Second you seem pretty young, why don’t you go back to school and finish up, it will benefit you long run. You can even part time college. I would go to unicorn for above reasons.
I thought you said you dropped out of college? Is it because Facebook offered full time as an intern?
Yeah I interned at Facebook over this last summer and then dropped out this semester
Dropped out of undergrad or grad school?
As someone with both experience at big orgs but is passionate about start ups- Facebook Get 12-24 months at FB and it’ll open doors for you years down the road, especially with the lack of degree it sucks but you need a big logo on your resume to hep establish credibility
Go where you will be happy. That’s worth so much more
I think OP is indirectly asking which company will make him happy
And Microsoft means city I believe.