I am mid process of interviewing at Coinbase for a product manager post. But just received another offer for Associate VP position at Healthcare Technology company (TC 200K) Trying to make a decision in a few weeks but figured Blind fam is very knowledgeable about Coinbase, so a few questions: 1. Is Coinbase considered in the same category as FAANG? 2. Does Coinbase have a legitimate future outside of Bitcoin? 3. What is compensation like for a Senior Product Manager (L6?)? Glassdoor and levels.fyi isn't cutting it. Any additional feedback would be great. #coinbase #productmanagement #product #productmanager #pm
With a clear path to Coinbase IPO, the upside would be worth exploring - financially and for seeing the action firsthand. That is, unless you have a strong purpose to be in healthcare.
Your recruiter should be able to tell you salary and RSU for the role. I would ask them to specify the valuation used for the RSUs and walk if they won't tell you. RSUs are negotiable but are based on a dollar figure, not number of shares. Salary is fixed. Good luck.
Thank you! I actually asked on my recruiter call and they just said it would be extremely competitive and not to worry. Any idea of the ranges.
How would they be able to tell you the valuation used for the RSU when it’s actually calculated after you join? They can only make assumptions based on historic data.
Did your recruiter disclose what valuation you’d be receiving? My recruiter wouldn’t answer..
Same questions! See if you can get an idea of how valuation would work if you join close to IPO date?
They did not mention but I also didn’t ask. I will update IF I get an offer .
200k TC would be what an L4 PM at Coinbase makes. That’s like somebody 2 years out of school. L5 would get you to around 280-300k. L6 would get you to 360-410k.
Thank you @sayswhoyou, that’s some great insight. Any ideas what the base would be at L5 and L6 at Coinbase. I only ask because the Coinbase recruiter wouldn’t tell me compensation but assured me that it would be ‘competitive’.
Is senior PM l5 or L6? @OP recruiter told me top range for base is 207k
Lol. Coinbase is easily going to be trading at $60B - $80B when it IPOs. If you get an offer at its $8B valuation you 100% will never worry about comp again. It’s literally part of the new generation of FAANG
That seems high and ambitious but like your confidence 😀. Also they seem to follow the same interview process as FB. Two case interviews (sense and execution) and then ‘on site’ with 5 people. They told me these would be 5 separate interviews which I’m concerned will take weeks. Can only extended this other offer so long.
I got an offer recently they won’t say valuation till after joining. Hopefully still 8 bil..
The big question is what have they upgraded the valuation until now. Is it a little higher than 8B for new hires coming in this year? Not sure.
People joining in January have not received their stock grants yet I think
Yeah that's true, but I'm kinda assuming the grants will be based on a higher valuation than 8B from 2018. I feel that way since they've started to make progress on the IPO so they'll consider themselves more valuable? Idk maybe not an accurate way of thinking about it.
Also curious about the valuation part. It has a lot of impact on the offer
Been hearing it’s still at $8b which would be very lucky since ipo is projected at close to $70b.
@PM82 where'd you hear that from?
Did u already got the CB offer for L6? 200K TC is really really low salary not sure about ur yoe
I have about 8 YOE in PM but 15 overall. Healthcare tech just doesn’t pay like traditional tech. While this other healthcare job oversees a large team and responsibilities are far greater , the pay is sub par.
Oh and no offer yet , still mid way through the process, need to get through pm execution then onsite which is 1 day interview .
Can you share how your interview process was, and what kind of questions were asked?
1. No. And it doesn’t matter.