What is Cruise’s current valuation? I got offered a job with 250k RSUs but I am not sure if the company is valued at 11B or 43B? Recruiter doesn’t give a clear answer. Any insights on this would be great. https://markets.businessinsider.com/news/stocks/gm-stock-price-cruise-self-driving-car-unit-could-be-worth-43-billion-rbc-says-2018-7-1027355015
Did the recruiter explain how you would cash out your RSUs? Are they gonna IPO in the future?
Don’t cruise employees get GM stock?
Nah, they're issuing cruise stock with new offers cause softbank bought back 20% of the company
We never got actual GM stock - it was always cash
Any cruise employees? Can you answer, I need to make a decision soon
Tbh, does it matter? Take the job if you like it and if you think your comp is fine
I mean seriously?!? Would you take a job if that is paying you below market value, especially when there is a plethora of unicorns offering great work and great compensation. You sound like stingy hiring manager at Cruise :(
All of GM market cap is 50B. So Cruise cannot be worth much more than 10B.
Did you read the article I posted?
Yes, I did. Nothing interesting there. The number they posted is if all goes right for them in the next few years.
How company valuation matters in your decision? You are being offered $250k worth of RSUs. Doesn't matter if company is worth $10B or $100B.
Duh! It matters in terms of upside. More upside at 11B valuation than at 43B. If I am being offered stocks at 11B the it can go upto 4x but at 43b it’s hard to see it grow another 4x
So you won't join Apple/Amazon/Google at $800+B valuation?? My point is that no one can predict future. When you join a company, you need to see if you like work/culture of the company. Also just count TC based on current amount which is $250k over 4 years + base + bonus. In Future, valuation of the company may go down or may go up as well. Since we don't know the future, there is no point in taking present day decision based on future predictions.
they're valued at 11B right now. do you mind sharing your TC offer ?
Cruise employees themselves don’t know the answer, it’s mystery to us all. How can a company which is acquired already, become private again? And how can you value something which produces zero revenue? These are the questions keeping me up at night.
Am I looking at this wrong, or wouldn’t RSUs in a private entity be a really bad thing to have? Illiquid unless they have a buy-back plan, and you get the tax burden right when they vest. Wouldn’t options make a lot more sense?
Does it also apply to RSUs from Uber, Airbnb, etc?
Yes. If there’s no liquidity, and you don’t know what the market price will end up being (or if they’ll ever be liquid), you’re stuck with a potentially huge tax bill on something you can derive no value from. That’s why most companies give options until they’ve IPOed.
43B
how is the product culture at cruise? i hear there are lot of data infra related problems to solve now and need lot of PMs to help with that
YOE? TC?
Why is this relevant?
Because blind