Stripe - Warning - Join at your own risk

Uber
QikR38

Go to company page Uber

QikR38
Feb 23, 2021 142 Comments

Stripe has changed their offer letters to have only 1 year of RSU in their offers.

They basically give a new 1 year $ equivalent RSU at the completion of every year. If Stripe valuation grows every year, you get lesser and lesser stocks. Because you get a fix $amount in RSU.

This reduces your stock upside from 4 years to only 1 year at a time.

If a company is giving 4 year RSU in the offer letter, and let’s say the company stock grows 25% year over year, you are going to make a lot of money in year 2, even more in year 3 and a lot more in year 4.

But with Stripe, you are stuck with only 1 year upside.
I know a lot of eng are great with tech, but may not be super good with numbers. This is an awful deal for you.
By not having a 4 year vest, you will probably lose hundreds of thousands of dollars by joining Stripe.

Stripe did this because of pure greed, so that employees don’t get an upside.
Stripe is going to continue to grow like crazy, and employees get to have only 1 year upside.

If your goal is to maximize comp over 4 years, don’t go to Stripe. You are just shooting yourself in the foot. Don’t fall for their trap.

Join at your own risk.

#stripe #uber #airbnb #google #facebook

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