FB or Cruise - Round 2
My last poll on this was pretty much an even split. Since that time, I received an updated offer from Cruise, FB did not budge. I thought I’d try this one more time. Which would you pick? FB: E5, Base 180k, 400k RSU, 60k sign on Cruise: staff, base 210k, annual bonus 110k, 440k RSU, 20k sign on Note: Cruise RSU is not liquid Would you also state why you’d choose one over the other?
These sound on the low side. Is this for Seattle?
Bay Area. What should I aim for? FB will not move anymore.
Ask yourself whether in 10 years, social media will be taking over the world or self driving cars.
Building the future vs maintaining the past. Your choice Only caveat is the liquid RSUs you get at Facebook. If you value that highly, then that would change things
How can you favor a company who has not reached to product market fit yet, over certain cash? We don't even know if Cruise can succesfully make and commercialuze SD cars. I would not take Cruise's offer if I don't know their liquidity plans and possible secondary markets.
Cash is similar for both. But Cruise has extra RSUs on top. Even though it’s not liquid, I doubt GM would not want a return on their investment. Assuming it’s not a fire sale, the RSUs would become liquid at the same value now or more.
So its Staff vs Senior? I'd go with Staff probably :-)
Favor liquidity. Unless you really want a forced investment in Cruise cuz you believe in them. Choose FB - not enough difference in TC to overcome illiquidity.
Liquidity amount is actually quite similar.
What do you mean by liquid amount is similar? We don't know when cruise will be liquid..or do you?
The fact that FB didn’t budge should mean something. It’s more valuable.
They think they are more valuable. It doesn’t mean I will accept their offer
Did you tell them your competing offer is from Cruise or “another company.” This $110k at Cruise-is that just a first anniversary amount or can you expect 110k each year you’re there? If not, what’s the median bonus amount for non new-hires. Assuming you meet expectations each year. You should also factor in FB’s performance bonus for meeting expectations after your first yes. Ask HR what the bonus target is (~25% of base?) and median refresher for your level at meets expectations.
Cruise has no refresher policy for first 4 years. Your first refresher will vest in year 5. That means your TC is unchanged for next 4 years. Go with FB. Refreshers will make up for any difference in TC.
You think the refreshers are worth 110k/year from year 1-4? The Cruise recruiter told me there will be refreshers. She didn’t tell me the vesting schedule for refreshed though
+1 Cruise recruiters now promise refreshers, no info on size and schedule
OP, it seems you have already made up your mind. Anyway, my good friend works at Cruise since last 2+ years. He received his refresher recently that will vest at year 5. He was not happy with his refresher. His TC will dip significantly at year 5 as his next refresher will vest at year 6. So no more cover-up for year 5 TC after this point.
Purely financially, why is it even a contest? Cruise base + bonus > FB TC.
Cruise bonus is a target number, so it’s not 100% guaranteed. FB has yearly refreshes, and (maybe) their stock will bounce back which would lead to a larger cash TC than Cruise’s.
I mean it might also crash, we might have a recession etc etc. I’m a believer in efficient markets so I don’t think it makes sense to think too much about whether something has potential to go up. If the bonus is for meets expectations and not exceeds then that’s purely in your hands and you should get that amount.