I have an offer from Stripe but it’s lower base, bonus, and 401k match than my current comp. I’d be taking a 20-25k cash hit for a TC increase of $25k in mostly stock the first year. It’s such a small upside to switch jobs for. I have public stock right now that’s liquid vs private equity I’d be getting. I’ve been back and forth with the recruiter and it really does seem like we are at the max for an offer at this level. My current on hire grant will start to run out in a year so I’m also trying to future proof a bit which is why I started interviewing. Stripe does have higher stock comp and potential for future earnings since a promotion to the next level at Stripe has significantly more earning potential than my future at my current company. I’d probably have to work hard to get a promotion at either place but significantly harder at my current job and for a lower comp. However, I do really like my current job, team and company. One of the only reason I am tempted is comp, and I’d also be taking a risk in losing those intangibles. I guess the hope would be to get to Stripe and get promoted asap to make it worth in future years but obviously that can’t be guaranteed with any sort of timeframe. I’m leaning towards not taking it and trying again in a year or so to get in at the next level instead which would not involve a cash pay cut.
Getting promoted ASAP isn’t easy when everybody’s trying to do that. If your WLB is good at GitHub, you should stay.
Stock is only useful when they go public. Which is anyone's bet.
The grass isn’t always greener. Based on what you’ve written I’d stay put. You’ll be getting screwed on the number of shares you get because the 409a valuation being used is 100% higher than what it really should be given market conditions. So you’d be trading real wealth for illiquid paper gains. Raw deal if you ask me.
Are you able to sell your current shares back to the company currently? I thought Stripe provides a way for employees to have liquidity on their shares? If you are able to sell back, is it at the 409a valuation price?
I was told in the offer they are double trigger RSUs so they need to vest on the time schedule and then we need to IPO + 7 months for them to fully vest and liquidate them
So if I gave you a coupon for $1 pay tomorrow and you pay me $1 today. Will you take it ? What's the PV of $1 to be paid 4 yrs from now or yr from now ??
Don’t take it
@WHCp78 not liking it there?
Would not recommend. It is not the shiny object it appears to be from the outside.
Tc? The decision is different for a 50k tc vs 500k tc
Current TC is 310ish, which will slowly go down over the next year as my stocks refresh doesn’t replenish the big on hire grant. The increase in TC is only 8% in mostly non liquid stock.