To join or not to join Nextdoor after strike price bump

Lyft
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May 21, 2021 15 Comments

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

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