Struggling to decide between these 2 offers. In the end it boils down to taking the risk with a pre-IPO vs stability (see my questions at the end). Team wise, both would be in a highly visible team working on a core product. If I had to choose, the work at Confluent is quite more interesting. Both are remote WFH positions, location is both the same, in a non-US lower cost area (still up there, just not crazy like NY / Bay Area). People I met with during the interviews both seem nice and decent. Offers (all in USD): 1. Confluent Senior SWE Base: $200k Equity: 60k options / 4 years TC: $455k (Assuming strike price ~$16 and preferred price $33) 2. Splunk P5 (Principle SWE) Base: $200k Bonus: 20% RSU: $660k / 3yrs TC: $460k Obviously, with Confluent there’s the question of whether it will and when it will go IPO, although most people seem positive about it. Splunk on the other hand is relatively stable, and with their recent cloud earning reports, seems like stock price will grow again? My main question is: - What’s your take on Confluent going IPO? How likely, and how soon? Projected valuation? - For the Confluent insider folks, any news of a series F? How do you like working at the company, after seeing such crazy growth over the past 1-2 years? Is everything still looking positive? The Splunk offer is pretty solid, also considering it is a remote, lower cost area. I’m pretty sure that we (family of 3, wife and kid) will be able to live comfortably with even just the base cash portion of the TC, post tax. We will be planning to use the RSU / equity portion to work towards purchasing a house. And we really really want to be able to purchase a house, say within the next 3 years. So, I’m not entirely sure if going for the relatively more risky Confluent makes sense here, even if the work does seem more appealing … Any thoughts highly appreciated! Current TC: peanuts YoE: 7 #Confluent #Splunk
How was your confluent interview compared to splunk? Any details into the interview(both phone and onsite) will be appreciated
Confluent was somewhat harder, and had more focus on system design. There will be sessions around concurrency and distributed systems, which seems a bit uncommon in other companies.
Ah okay. Congrats on getting both the offers. Both seem to be really good companies .
Confluent is a cool company, but at its current valuation they should be handing out RSUs, not options. You will have golden handcuffs til IPO due to exercise costs and AMT tax implications of exercise and hold.
What's the difference between RSU and Options of a company that isn't yet in the global market?
Depending on the stock plan, you can usually keep the RSUs if you leave pre-IPO. If you leave with vested options, usually you only have 90 days to exercise them, which requires capital for the exercise plus triggers AMT taxes.
Splunk TC sounds very good
+1
Can’t really answer any of those insider questions, even on Blind. However, Confluent should have significant more upside without a ton of risk. Just look at all the data infrastructure companies and how they’ve done in terms of recent valuations or market cap since going IPO. If you also believe the work is more interesting, seems like a better option. (I’m obviously biased, but I’d rather have the very large payday vs a bit lower risk as long as the base is decent)
Splunk TC is real good, plus overall stock is due for appreciation, WLB looks good in Splunk. Confluent is cool company for sure however you will always looking for IPO to realized your paper money. I would recommend Splunk, you have good upside , relatively stable company, not sure about the work part (which depends on the team).
I do agree! Their offer makes this a super hard decision ...
For me at least
When did you get the confluent offer and strike price? They’re quoting above 20 now.
Are they still offering stock options? I thought they switched to RSUs recently
Can anyone confirm this? I've heard this as well from DMs, thinking about asking the recruiter. I won't be starting until a few more months, so might make sense to get RSUs if they are already changing
Please someone confirm on this. During my offer discuss they told me it would be between 10 to 15. Which clearly seems wrong to me.
@op congrats! confluent better. Do you mind mentioning the location. I guess loc is your city of residence as you WFH. "Both are remote WFH positions, location is both the same, in a non-US lower cost area"
OP, I too have an offer from confluent and was quoted ~12.9 strike price and same preferred price 3 weeks ago. I am yet to join. It is surprising to see strike price go up so fast. May I DM you to discuss more?
According to others, they switched to RSUs already very recently
And yes, it seems strike prices have went straight up over the past few weeks
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YoE 7, edited post!
Is your confluent offer at senior level or staff level?