I know there are a ton of folks who declined DD offers for Lyft, Uber, etc. It looks like anyone who joined 1.5 years ago at 6 billion dollar valuation are going to 5X their TC and become instant millionaires. Anyone else mess up and join Lyft over DD?
https://www.cnbc.com/2020/11/30/doordash-ipo-seeks-valuation-of-up-to-30-billion.html
#doordash #Uber #Lyft
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DoorDash seeks valuation of up to $32 billion in IPO, nearly double what it was in June
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My Incentive -- I learn from a Pro.
Your Incentive -- You get a play with my money. If something goes South, I am the one losing ☺
Looking for a good teacher.
Versus using Favor and Caviar and having more engaged runners. Caviar has gotten shittier since being acquired though, but at least they refund.
1. First you need to be working there for at least few years to have good amount of stocks vested
2. There’s a lockout of at least 6 months for employees after IPO, which means you can’t sell your stocks till at least 6 months
3. 6 months is a huge period, investors will certainly back out after the pandemic is over, their business model thrived due to COVID but vaccine is coming!
4. Look at Lyft, they went public at 80$ a share, but can’t keep up to half of its price now
Also wrong to assume TC = 100% equity
Base and cash bonus
Vesting schedule
Tax-at-vest so smaller growth thereafter
Other factors?
People forget it's only really the founders and VCs that make money. Employees come in super last IF the company really makes it big.