Coinbase offer evaluation
Trying to evaluate this offer IC5 SWE 200k base, 500k RSU Not sure if this is a standard offer, or if there is room for negotiation. The valuation also seems to be a big question... Creating a multiple selection poll, to gather some data.....
I wouldn't take a pay cut of that size. What's your current level andyoe? Keep interviewing maybe?
Go for it. You can always pivot back to google if required but future upside is worth taking a pay cut.
Location?
It’s a remote role
So offer not based on location? Canada or US is the same? 🤷♂️
Take the difference in pay and buy pre-ipo shares with it
How do I buy? Seems like you need to an accredited investors, there are auxiliary costs.... and it’s already trading at 77B in secondary market
You are probably already an accredited investor. You just need to be making $200k+ per year to qualify.
The amount of shares you get is converted from dollar amount to shares after you join. It might already be too late now to get the pre IPO valuation.
The struggle of course is trying to understand what Coinbase’s valuation is in these new offers. I’ve posted insight recently that their offers are based on a trailing 60 day average of their 409a valuation between 2/1 and 4/1 if you start before March 29th.
The company generates a new 409A every 2 weeks since end of January, and the internal 409A has been quickly catching up to the secondary market prices! The trailing average probably will help stabilize it a bit, but since we aren't allowed to speculate about the public prices, we can only rely on the secondary markets as reference the trailing average is based on the 60 days leading up to the next board meeting, not based on when you receive or accept the offer. we don't know when the next board meeting is, but someone else posted that it might be april? If you join close to the IPO, the average may include the IPO price!
Thank you, this is helpful info!
Is the trailing average, the average of last 2 409A prices? I am not sure what 60D means if the price isn’t updated frequently enough... (as in for public companies a 60D average is the average of daily closing prices)
Join if you think Coinbase will be 1T market cap (currently 100B)
It seems like it’s secondary market valuation is lower than 100B
100B is for $373 a share, secondary market shares are now $479