Facebook vs. Dropbox

Mar 12, 2018 97 Comments

Got offers from both for Seattle, where to go? Currently L5 at Google making about 330k total per year.

Facebook offers E5: 185 base/15% yearly bonus/600 stock/50 sign on

Dropbox offers L4: 205 base/20% yearly bonus/600 stock/50 sign on

Stock is over 4 years. Dropbox stock is valued at $11.46 and has 1 year cliff. No cliff at Facebook.

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TOP 97 Comments
  • Facebook Ninjya
    Isn’t Dropbox going to IPO at a higher price than your offer? I’d go with Dropbox
    Mar 12, 2018 17
    • Google Facebook
      My Google offers listed the exact number of shares. That were locked at the time of signing, of course.
      Mar 14, 2018
    • Google binarytree
      In honestly got my offer from Google 10+ years ago so I was confusing it with my equity refreshes. Looking at it again it absolutely was a raw amount of shares.
      Mar 14, 2018
  • BrightFunnel DXWg77
    Definitely FB. Dropbox is a great company but unlikely to exceed its valuation in IPO. So not really much upside. And You’re getting no liquidity premium. Would be an irrational decision.
    Mar 12, 2018 4
    • Google Yomoma
      OP
      FB total comp is 363 w/o sign on, isn’t it? For Dropbox it’s 396 w/o sign on at 11.46 valuation, and 482 w/o sign on at 18 valuation. So the worst case upside is about 30k, the best case upside can be 120k+ more than FB. Am I overlooking something?
      Mar 12, 2018
    • BrightFunnel DXWg77
      Yeah I somehow mixed up my numbers. I think it’s a close call. If you you’re feeling Dropbox, go for it. You’ll be cool for joining right before IPO and get some potential upside. Just keep in mind IPO could get delayed (like Box), stock could get crushed, etc.
      Mar 12, 2018
  • Dropbox el gato
    I used to work at FB. Their stock has a one year vesting cliff like everyone else’s. Dropbox has better refreshers for meeting expectations, but the stock hasn’t been proven over time like FB or Google. Honestly they’re all great options, I think you should consider project, since you’re going to be well paid either way. Dropbox is substantially smaller than the other two companies though, but they’ll never have monopolies like FB or Google. Good luck!
    Mar 14, 2018 4
    • Google Facebook
      Quarterly.
      In February, May, August and November.
      Mar 14, 2018
    • Microsoft dy6l
      I heard refresher at fb can be easily 100k at e4 and 200 at e5, does Dropbox have an even better refresher?
      Mar 21, 2018
  • Uber eHdb
    I hope this guy took the Dropbox offer.
    Mar 23, 2018 3
    • Uber eHdb
      I know a guy who received an offer from Dropbox in Seattle a few months ago. The offer was in number of shares. Of course, op could be different.
      Mar 23, 2018
    • Square / Eng SQ
      Huge if true
      Mar 23, 2018
  • Facebook sunday!
    What are your l6 prospects in google?
    Mar 12, 2018 8
    • Google binarytree
      You really don't think they'd get acquired? They have a superior product when you look at Enterprise.
      Mar 13, 2018
    • Facebook sunday!
      Apart from salesforce.. none..
      Mar 14, 2018
  • Facebook Ninjya
    I thought L5 at google gets more than 330k
    Mar 12, 2018 2
    • Google Yomoma
      OP
      It actually ranges from 250 to 450 with the median of 330.
      Mar 12, 2018
    • Google / Ops Huhf13
      Plenty do not
      Mar 12, 2018
  • Square / Eng SQ
    Fb. Do you see what happened to Snap? Not all IPOs are great. FB is guaranteed, Dropbox are 1/3 of their highest valuation. That should say something.
    Mar 12, 2018 8
    • Facebook Osmandias
      FB TC was about 360k/year when I signed
      Mar 13, 2018
    • Square / Eng SQ
      I signed at 245k here. You may come out on top @fb around year 3 depending on refreshers
      Mar 13, 2018
  • Microsoft Yuk
    Let me guess, you told the recruiter about your current Google comp.
    Mar 13, 2018 7
    • Microsoft Yuk
      That is half right. You said you need to impress the interviewer/hiring manager to get a really good offer.

      But from my experience what matters more is how much leverage you have for not taking the offer. If you have a very strong competing offer, chances are FB will increase their offer, up to some limit.

      If you have no leverage and recruiter knows that you would be getting a decent increase, they have no incentive to give you more.

      Your best chance of asking for a raise is before you join. Take the opportunity.
      Mar 14, 2018
    • Google Facebook
      That’s right, and all I’m saying is that 185/600/50 is the current max that competing offers can bring you to. But to go beyond that FB must want you badly: because you impressed interviewers, or because you’re an ideal fit for a particular team.
      Mar 14, 2018
  • Hey OP,

    Please tell you got the Dropbox at the correct time !!!

    It has almost tripled since your post just 2 months ago, which would make you multimillionaire right away in unvested stocks!

    Man, did you squeeze that?
    May 11, 2018 0
  • Facebook public
    The one with the team you like more. Comp isn't relevant.
    Mar 12, 2018 2
    • Coursera Lolololilo
      +1 and which product you like more
      Mar 12, 2018
    • Google Yomoma
      OP
      With Dropbox comp difference can be potentially significant. FB is a safe bet tho
      Mar 12, 2018

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