Asking for a friend - How is Bolt Checkout company’s engineering culture and business outlook in terms of competition with Stripe, checkout.com etc? He has L5 offer and currently thinking of joining. Bolt seems to be on hiring spree and lots of ex-Uber folks have joined it recently. They just had their series D funding. Any idea usually how long after series D funding usually companies go for IPO? Initial Offer Details: 1. Base 200K 2. Options 15K 3. Sign on 30K YoE 12
Is this for engineering role?
@op, any insight about the interview process?
interested in that too, but for engineering manager
That's a good offer. Culture is great, there is a big focus on employee health and happiness (four day week, one pay band, transparent communication, lots of feedback). The company is growing, especially from the partnership front, which is why I think investors are excited and we 18x'd in 18 months. No idea when it'll IPO... That's what we all want to find out too :)
OP, did they give you the final numbers? What's the strike price?
+1 to Op. Oracle October, do you have offer from Bolt? Can you DM me?
Nah. I am just curious.
Blind for sure is not the right platform to share strike or share price. Better discuss with HR rather than asking folks on blind. No other company has given pay equity in the US. You can earn a Bay Area salary in Arkansas or Alaska plus 4 days work week. Just calculate your salary based on the number of days you work in a year. I would recommend taking a chance instead of asking folks on blind.
Okta has a universal pay band as does ringcentral, and I’m sure plenty more. Anyway, to the 4 day work week - what are your hours like for the four days you work? Also, what’s up with that conscious culture, I see lots of positive “reviews” of it on Glassdoor, but it seems overly prescriptive - I don’t thrive in super structured environments. Wondering as I’m interviewing currently for a non tech role and wondering if I should drop out given wariness about the culture (and how people seem to have drank the kool aid)
Yea I’m also curious about the 4 day work week in practice, is it roughly 36 hours?
I find the 4 work day week bs. Its always upon a person how much time they will take to complete tasks
it's great, you won't be bothere on fridays
So totally package is 350k ish, isn’t this too low for a senior eng, from a startup?
Valuations are bloated. Beware. Private company stocks are illiquid. 425m to 6b in a year seems wild.
Can not agree more. This is also a very congested space. Nothing is stopping Paypal or Google pay from providing such options with 0% fees just to grab clients. Bolt charges 2-3%. Plus, yoy is estimated based on covid user growth.
I think Bolt is more than checkout though. They're trying to compete with Amazon and shopify now. They have a great vision. I'm just saying that a lot of upside is already had. In the short term there probably not much left for new employees
1. Good offer: that base is higher than amazon’s max base for one. 2. Check who the COO/CTOs are. Amazon veterans. Maybe some from Uber. Get ready for the 4-day grind, the Amazon way. 3. 6B, 11B, 60B don’t matter as much as your IPO price. Assume $80 and grind away. $10 something in Series C to $28 in D is a pretty big jump so definitely your upside is already baked in - unless the market continues to be hot and inflated 4. I’m assuming their revenues are only 8 figures. There’s a lot of work to grow to meet the $6B valuation expectation… never mind $11B (If the company is earning $100M annualized revenues, the $6B is a 60x multiple…). It’s pretty insane, but if the company can capture like 100M shopper accounts in two years… it’ll be massive.
Wait isn’t Bolt the scooter company .
It’s Bolt Checkout