Health & Wellness
Yesterday
906
Lasik cost
World Conflicts
8h
349
Israeli precision-guided munition likely killed group of children playing foosball in Gaza, weapons experts say
World Conflicts
6h
287
Why I Find Free Palestine Inspiring
Tech Industry
Yesterday
1192
Last good year to visit europe
Tech Industry
Yesterday
3856
What happens when most of your team is Indian?
Are they giving out equity at 8B valuation still? If not, what valuation are they pricing it at? Your boi is experiencing what they call “a bad case of the FOMO”
Coinbase now evaluated at $77B. https://finance.yahoo.com/news/coinbase-readying-public-listing-gets-134221206.html
that 77B doesn't necessarily mean this is the 409a valuation
So tired of post after post complaining about a potential jump in valuation for incoming offers. You know what you should have done? Joined earlier. Sick of people finally wanting to jump on the bandwagon once everything is growing like crazy and then complaining that they’re not getting the pre-growth prices. Welcome to tech. Take a chance. Stop being so focused on the compensation package on paper and actually do some research on what a company can become
Congratulations on building a successful product and company. I’m glad I got in earlier too, but also have some sympathy for folks who have accepted or are accepting offers to help us build coinbase even better! Many of these folks made career decisions before these big hikes, and I bet most of them interviewed before all this and were given expectations by the company, recruiting, and teams that got them excited about what they could build! We are lucky that the company has done well, and we should be happy to share that with other folks who wanted to join and accepted before knowing the jump from the last valuation :)
If people were led to believe they would get the $8b valuation and have that pulled out from underneath, then yes, that sucks. I know that recruiting and hiring managers are told not to lead people to believe that because the company can’t guarantee prices but rather only guarantee delivering the value amount in the offer letter. But there’s still a big subset of people who are seemingly not interested in joining Coinbase now because they feel like the upside is gone. It’s those people I simply do not understand. If you look at the crypto landscape and think, “yeah, we’re probably maxed out here” then this clearly is not the company for them.
Nice ! Did ur equity 10x in a month
Feb hires don’t their price yet and it can still be based on 8b valuation
Following
There have been rumblings it WONT be the $8b valuation for Feb and after. Hopefully it’s some type of ladder where they increase 50% each month to get to the IPO price or something. One thing people keep mentioning is the board has been focused on the employees, so everyone will just need to wait and see. Whatever they decide will impact whether new hires stay for 1 yr or 4yrs.
Or 2 months lol
Ya that’s a hard call. If you have the comp difference between a Dec hire and a Feb hire be 4 million dollars, morale would be horrible and few ppl would join And for the new hires if they suddenly announce that their package is lower than expected, could be an exodus But at the same time they can’t be paying 4M to all the new random mid level to senior eng hires that would be insane
Don't get how people gamble with their future salary and join without knowing the valuation. Imagine joining at 70b valuation where everyone around you got 8b. You will be surrounded by coasting millioners working your ass off and hoping the stock will 10x again... Just buy Bitcoin - much safer gamble and no need to leave your job.
And then if it 10xes they’ll be mere millionaires surrounded by coasting decamillilnaires at the same title and role Ruff stuff
But ya, true about BTC. Joining pre ipo startup is gambling 4 years of your future rsu at Amazon on a single asset and hoping it moons I’m sure if you bought 4year grant worth of Bitcoin a few months ago, it’d be a similar gain It sounds so reckless to drop 400k on Bitcoin but ppl don’t realize that’s the exact gamble they are making when going to pre ipo company vs a faang or finance place or whatever
It’s so odd to not know your equity value at a valuation when joining. Is this really the case? Wouldn’t it just be the February valuation?
Have the same question. The recruiter said that the value per share is decided by the next board meeting. Wondering when that will be.
I’m guess May, by when coinbase may have already gone public
Following
There was some discussion that they’re more frequently evaluating the 409As, and will base all equity for new hires on that (which is much much higher than 8B)
Ooof. What is the most recent value from the 409As?
Any idea about the cutoff date? Will all new hires from Feb be screwed?