YOE: ~5 Current TC: ~220k HCOL I have offers from Square and Coinbase but not sure which to join, both as senior software engineer. Coinbase won't give me any guidance on how to evaluate their equity which makes it very difficult. Would appreciate any opinions and insights. Offers SQ: 200k, 15k, 700k Coinbase: 200k, 40k, 400k TC (with/without signing bonus): SQ: 390k/375k Coinbase: 340k/300k #square #coinbase #offer #tech
What level is your square offer? L5? L6?
Official offer only states Senior Software Engineer. Based on levels.fyi it seems like L6 to me.
Isn’t “senior” title l5 though? L6 is lead?
Wait till Feb 3rd to find out more about Coinbase stock valuation
The recruiter said they cannot share board dates or even previous 409a valuation. Also stated that the equity grant will be based on the board meeting after start date which would be after the board meeting on 2/3 if it happens anyways. The lack of information is terrible. Do you have other details?
That’s crazy, how do they expect you to make a decision without any information on the most significant piece of your compensation?
$SQ goes 🚀🚀
Wait for signal on CB coming later this week and if it looks promising then I suggest joining CB immediately and riding the bull market into an ipo. If after a year you want to go to SQ, fine, they’ll still be there in 2022 with a very similar package.
Forbes expects late Feb/early March for IPO.... could be any week now it seems.
But even if you joined after the "signal" (feb 3rd board meeting) but before the IPO, the big question is at what evaluation will it be for your grant. And to qualtrics point it does seem any day now. First week of March sounds very plausible.
Join us ASAP. If you can get the current share price, your $400k may become $3m in April. Cannot disclose more details, sorry! But welcome to Coinbase if you decide to join us
Are you suggesting current share price is less than 200?
Current share price meaning what new employees will get before publicly listing? I thought that price was being decided on later today? Would starting in March be too late?
Wow isn’t that square offer insanely high for l5?
You can't go wrong with either. I heard the culture at Square is amazing though
Which one did you choose OP
Coinbase!
Op - any guidance now on equity valuation? In a similar spot and really unsure. If Coinbase gives $8B seems like an obvious choice
Was the math correct? SQ looks like 390k/375k (Just for record, op was saying 375k/360k)
You're correct, just fixed. Interviewing has fried my brain.