Congrats on all the newly minted AirBNB and DoorDash millionaires. I know a new grad with 1 YoE that now has more money than I wi ever earn in a lifetime. TC 220k, 6 YoE
TC of your friend plz
Why lol, it’ll only make you feel worse.
1000k
Fucking door dash! Enjoy your sweet TC you magnificent bastards.
you watch that whiskey channel?
What do these millionaires need, I will build it for them or provide it to them at a nominal fee :)
How much does that new grad have? I’m a new grad with 1-1.5 YOE and have $1.1m in unvested and vested stock
dude, calm down 😂 we all know you are rich now
nah teammates are actually rich, they’ll be taking home over $1.5m even after taxes lol getting paid NBA money
Hopefully same thing as Uber ipo doesn't happen again. Where you get taxed at 1.1M (or w/e your vested shares are) and at end of lock up they're only worth $600k
... It’d be a good thing if that happens? Employees were taxed at IPO price and complained since the stock tanked. If Airbnb employees are taxed at $60, that’s a good thing?
with uber/lyft we were taxed on ipo price, not the price where we could sell. also all loses are washed 🤷
I don't think any of you know how IPO's work. At such high valuations, the poor employees will be taxed at 190$ and they can only sell in 6month (depending on when their lock out ends). Lets see how the stock is in 6 months. I don't think its going to end well, look at Lyft IPO. A lot of employees were burned.
Tax priced after lockup, it’s in our contract :) not all companies do what Uber did
That’s really great if doordash is taxing after lockup.... but generally it is at the time of ipo or realized gain at the time of vest and it is IRS rule... not sure how this was circumvented at DD
Wait until the stock drops lmao
Hope the stock drops
Why would you wish that? Don’t we want corporate America to flourish?
What are the prospects of door dash if I join now ? Is it not as good as fanng ?
I mean, Uber was the hottest company in the world when it was a startup. Then it went public, now it’s just another company and the spotlight is back on FAANGT Unless you mean for TC, in which case you’re most likely better hunting from the next big startup or going to Google or Netflix
I hope either Microsoft or another company that starts with M joins FAANGT so we can call it FATMANG.
Hey Doordash and Airbnb millionaires... Fuck you and congratulations 🍾❤️
Thank you and fuck you too!
You two get a room!
Unless you’re vested and not bound by lockup.. you’re rich on paper without an ability to actually sell. Still a huge amount of money and big congrats, but by the time many normal employees can sell, I think DoorDash stock will be worth significantly less. AirBnB may fair better in the long term. DoorDash, I just can’t see it holding value when revenues are sure to fall when pandemic ends
This is very true. DoorDash doesn’t have a viable product for long term growth. As soon as people can go out to dinner or it’s safe to walk the streets, they won’t be paying $8-$12 bucks to get their meal delivered anymore.
They could get into logistics for non food delivery.
Not enough
Did you join Bloomberg as a new grad? Surprised that it seems low compared to the ~170k TC new grad offers that came out this year