I just accepted an offer at Lyft recently, did I screw myself over?? Offer TC & role was great, but with the ongoing issues with regulations and pulling out of CA, I’m getting nervous whether I made the right choice. TC: $420 #offer #lyft
What's the number on Lyft's offer? IMO, DBX is undervalued. I wouldn't jump to Lyft if their offer is under $600k. Your $420k at Dropbox may become $600k within two years, or the other way, $600k at Lyft will become $420k within two years
Yep, I like DBX way more than LYFT
What is the rationale behind this?
Yoe?
6 YOE
600k at 6 yoe is amazing
The 420k is guaranteed. But no upside.
At lyft? You don't expect lyft stock to go up?
They changed how they structure offers now, if the stock drops or goes up, you still get the same amount
What role?
Damn where did lyft grow all that money? They are unprofitable plus pandemic plus they dont have any sector like uber eats to help them through this period
Just print more stonks
IPO was a rake day. We banked like $2B I think. Good for the company to have this cash. Brilliant on the CFO to make this move. Terrible for the team members.
Not a great move but at least your TC is guaranteed
Is this for engineering? Product?
Don't panic. If you know anything about the company's history is that they know how to fight and overcome regulatory battles. If anything, you're joining at a much lower valuation, which means there's potential for great upside :)
On an orthogonal point- is it a good time to interview with Uber? On visa.
stay away from rideshare companies (and other unprofitable companies) if on visa
CA is one state of one country. Lyft isn’t even in most countries. I feel they have a lot of growth to come.
They're in one country
California is the 5th largest economy in the world. You can't just back away from an economy that large in 1 day and be like "eh it'll be fine".
Tech Industry
Yesterday
838
Is meta really worth the wait?
Work Visa
Yesterday
846
Hypocrisy of Indians
World Conflicts
Yesterday
612
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
India
Yesterday
837
Ideal indian parents
Software Engineering Career
Yesterday
441
If your team does daily standups, your manager is a micromanager
How large a TC bump? If it is significant enough, you are not on visa and you can stomach risk, I think you are fine.
This. Best advice for OP.
Thanks for advice - TC bump is almost 50% so very good. Not on visa as well. I am a risk adverse person but maybe I should suck it up