To join or not to join Nextdoor after strike price bump
I have an offer from Nextdoor and supposed to join very soon. However they recently updated the strike price and it has increased by $5 per share. Which drastically changes the value of my entire stock option grant. And I find out about this just a few days before joining.
With the IPO market cooling down. Apple making it harder for Ads businesses to collect data, I feel like I got screwed from both ends. Don't see the company going anywhere and now the options became more expensive.
Should I quit right after joining? Can't turn around now because they have sent me all the equipment and stuff, so potentially I could join and take up a different offer after a few weeks. I did have other offers before I accepted Netxdoor, I could just reach out to those companies.
#nextdoor folks, what are your thoughts about this? Is it worth getting on this train at this point?
TC: $500k
comments
I do agree that you sort of got screwed though, you should try to ask for an adjustment. You have nothing to lose if you were planning on leaving already anyways.