Hey Everyone, I recently received an offer from TripActions Liquid. Any help on evaluating the offer and your thoughts on it are much appreciated. PS: I definitely know this is a lowball offer and also very less than my current comp Trying to get some inputs to decide what should my counter offer be. Below was the offer given by HR. Base - 145K Stock options- 16K vested over 4 yrs, Strike price- ~$5.45 No Joining Bonus Location: Palo Alto, California YOE in Bay Area: 2.5 years #offer #compensation
The worst place to join that continues to get worse. The CEO is ruthless and his chief of staff left her job after just a month. Check his twitter, he’s a right wing nut.
Are you still with the company or someone disgruntled because you were let go due to poor performance? CEO needs to drive business and could come across as ruthless. You can choose the company and culture, not CEO. Ask Google. Chief of Staff worked for 4 yrs and cashed out. What's wrong in it? Just because Elon says crazy shit on Twitter, it does not make him poor CEO.
Hmm it doesn’t make him a bad CEO but it does make him a gross person :)
Thats a great offer for 2.5 yr experience. If you have no startup experience, it does not mean much. I'm new to the company and I love it here. Not a place for everyone as it has fast pace, great culture, people, huge upside in equity.
Check the reviews on blind which are more accurate then Glassdoor. Recruiting has been adding fake reviews and flagging negative ones to be removed. There is complete manipulation to get people to join.
Fwiw I work at TripActions liquid and not in HR or recruiting and My team and I are very happy…
I like the team i interviewed for as well. The issue is the comp. It is lower than median bay area salary as well.
Did you end up joining?
I can tell you a ton of reasons why not to join {insert any company}, as well as can give you a ton of reason why you should join {insert any company}. I can also attest to the fact that every company, has different departments/teams within it, and depending on the team you can have a great experience or a poor experience. Evaluate an opportunity like this: 1. Do align with the product and do I see value in the work I will do in relationship to the overall mission? 2. Do I like the people I will directly work with, is it a safe environment that fosters mentorship, growth, etc... 3. Are my financial needs met (Cash vs Equity) I don't know where to land on the first two, but I will say you go to startups for equity. Everyone is in different stages of their lives. If you have a bunch of debt, maybe cash in hand is more important. Maybe you're young, and don't have a ton of bills, and can optimize for more "risk" and lean in on equity. I have personally seen how impactful equity can be. I have made the mistake in the past asking for more salary, only to realize that was pennies on the dollar compared to equity when there was a liquidity event(Buy back or IPO). Only you know whats best for you, and only you know the feeling of excitement and energy you received when you interviewed and got your offer. Good luck. I hope THIS post actually added value to you.
https://www.bloomberg.com/news/articles/2022-05-24/tripactions-said-to-negotiate-new-funds-at-9-billion-valuation This is what you missed out. Thank the anonymous ex-employees who feed your ignorance on Blind.
This means nothing until it's official. That being said, 🤞🤞🤞 hopefully this happens!
Avoid TripActions. The leadership is toxic AF. If you want to be rewarded for worshiping your bosses then join.