FB or Cruise - Round 2

Oct 3, 2018 47 Comments

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?



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TOP 47 Comments
  • Square Horcrux
    Ask yourself whether in 10 years, social media will be taking over the world or self driving cars.
    Oct 3, 2018 11
    • Facebook Moth
      You're right. I should have said "Microsoft and Blackberry were the front runners..."
      Oct 3, 2018
    • Apple Icml2017
      It also depends on what you want to do. If you want to work in self driving cars, Cruise is a decent choice. I think this industry will remain for a while and even if Cruise doesn’t succeed, you should get good opportunities in other self driving car companies.

      I guess the same applies to FB as well. It’s a very good name to have in your resume and you will probably learn a lot. So it kind of boils down to what you would like to work on.
      Oct 16, 2018
  • Amazon Nozama
    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
    Oct 7, 2018 3
    • Amazon $$$Prime$$
      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.
      Oct 8, 2018
    • Twitch @#$_&-+()/
      At your level, FB gives out RSUs refresher ranging between $70k to $150k a year.

      At Cruise, your TC won't change for first 4 years and it will dip at year 5 if you don't get promoted.

      Also FB's RSUs are liquid, so you get money right away. While Cruise doesn't have secondary market. So you gotta wait for at least 4 to 8 years to get your stock earning. If you discount that future pay by 10% discount factor, your current FB TC + annual refreshers will come out ahead of Cruise.
      Oct 8, 2018
  • Amazon / Eng Fjisjsn
    Purely financially, why is it even a contest? Cruise base + bonus > FB TC.
    Oct 3, 2018 6
    • Apple Icml2017
      I will compare Cruise bonus with FB’s 15% cash bonus for ME rating. 110K is a huge yearly bonus! As pointed out earlier, Base + Bonus at Cruise > FB TC. Is the FB offer in Seattle or Bay Area? I assume Cruise offer is in SF; so location can be a deciding factor.
      Oct 16, 2018
    • Apple Icml2017
      Just saw the next post that FB offer is in Bay Area. So Cruise seems better at least from TC standpoint.
      Oct 16, 2018
  • OmniTier Storage

    OmniTier Storage

    Google, Facebook, Apple, Salesforce
    I would go with FB.

    It will take many years for Cruise to have sound business around their self driving cars. That will delay their IPO by at least 7 to 10 years. Plus expect few lawsuit when their car is involved in an accident. That will further delay their IPO.

    Cruise is not a usual bay area startup that could get acquired if they can't go public. Cruise as a company doesn't own any of their own shares. 70% of the company is owned by GM. Rest is owned by SoftBank/Honda/employees. So chances of getting acquired is almost nil.

    FB TC + their refresher + their liquid RSUs weighs more than Cruise TC. specially when chances of Cruise being acquired is almost 0% and IPO is at least 7 to 10 years away. If Cruise tries to go public without solid business around their self driving cars, thier stocks would dip significantly.
    Oct 8, 2018 0
  • Google liam
    So its Staff vs Senior? I'd go with Staff probably :-)
    Oct 3, 2018 0
  • Uber ShlI76
    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.
    Oct 3, 2018 10
    • Amazon Nozama
      Yup. It’s cash. The equity part is the RSU part.
      Oct 4, 2018
    • Salesforce Zlwi01k
      It’s 100% cash and there’s no multiplier, you either get it or you don’t. The only way you don’t get it is if you’re in a needs improvement plan.
      Oct 4, 2018
  • New / Eng poRd04
    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.
    Oct 3, 2018 1
    • Amazon Nozama
      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.
      Oct 3, 2018
  • Twitch @#$_&-+()/
    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.
    Oct 7, 2018 0
  • Qadium samuraiz
    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
    Oct 3, 2018 0
  • Postmates rYBN34
    The fact that FB didn’t budge should mean something. It’s more valuable.
    Oct 4, 2018 3
    • Apple Gg56fh
      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.
      Oct 5, 2018
    • Amazon Nozama
      110 is annual, every year for meeting expectations. It’s actually unique per employee based on how you negotiate.

      I told FB it’s from another company.

      The FB offer is actually similar to my current TC at Amazon.
      Oct 5, 2018


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