I am confused - did Coinbase move to a annual RSU value rather than a 4 year grant? I had a call with a recruiter today and the company was presented as an annual value, which she confirmed, and was not a multi year grant. I am seeing mixed posts on here if recent offered that are multi year grants. What’s going on?! #Coinbase
Yea it's been changed
Yes changed on April 5th
Applying to all? I got my offer in March and am starting in April
No I’m sure that only new offers created after April will have the new terms
Interesting... makes sense for Coinbase with how volatile crypto is. We are in crypto summer right now but there will be a crypto winter. I doubt the future winters will be as dramatic as previous ones because of recent institutional buy in. Still, you want your ass covered and your dollar amount guaranteed. It will just depend on how much the annual grants are...
Are you guaranteed at least the same grant each year, like Stripe?
Yes
So is it 3-month cliff then?
Yes, vest quarterly upon hire
Me thinks this is way better than a 4-year grant with 12 to 15-month cliff, Considering the downside risk it has due to crypto prices, it is better to get grants year on year.