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
      FB also offers RSU as a number, AFAIK. It’s Microsoft which offers dollar amount and vests different number of stocks each time.
      Mar 14, 2018
    • Facebook Missing no
      FB does dollar amounts. They then lock in the number of shares based on average price over a certain period after you sign
      Mar 14, 2018
    • Google binarytree
      My Dropbox offer had dollar amounts. FB and Google also. Perhaps you're confusing this with the grant? That's in shares numbers, the number determined by the price at grant, but it still starts as a dollar amount, otherwise changes in the price could drastically change the value of the offer.

      In a reverse split, the original share types change anyways, so you'd get issued a different share with the reverse split ratio in mind no?
      Mar 14, 2018
    • 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 RichChigga
      I'm surprised he couldn't negotiate Dropbox tho especially with FB
      Mar 12, 2018
    • BrightFunnel DXWg77
      Even at the potential IPO valuation of $18/share, which is best case, TC is 448K/year. FB TC is 396K. IMO 13% is Not nearly enough of a premium to make up for added risk. BUT if you think DB team is great go for it. It’s close enough. They’re smaller and probably have better ability to impact. The stock though may struggle as they have not figured out a strategy.
      Mar 12, 2018
    • 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
    • Facebook sunday!
      No cliff at Facebook now
      Mar 14, 2018
    • Square / Eng SQ
      Do you vest monthly or quarterly?
      Mar 14, 2018
    • 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
    • Square / Eng SQ
      Only if the stock was flat #, not $ value determined at the next board meeting
      Mar 23, 2018
    • 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
    • Facebook sunday!
      How in the world is Dropbox a contender. Dropbox was a thing 5 years back.. they haven't developed any other product.. no chance of acquiring.. doesn't seem some something I would pick if I have to work for next 3 years
      Mar 12, 2018
    • Facebook sunday!
      Developed or acquired I mean.. I'm only judging management not dev teams
      Mar 12, 2018
    • Facebook sunday!
      Don't care if they develop or acquire
      Mar 12, 2018
    • 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
    • Square / Eng SQ
      I'll let you know, we're wrapping up our comp review cycle now. It'll be my first one. Definitely not quarterly review though - it's once a year mostly but we do two promo reviews a year.

      I've heard people say they get around 1/3 original in refreshers but it's been going down. No cash bonus either. Our comp really comes from the stock increasings.

      A level 5 at SQ is around 200-240k RSU for average at time of joining (145k salaryish). Definitely below google and FB in all aspects
      Mar 12, 2018
    • Facebook Osmandias
      Right, my offer (l5) was 160k and 25k SQ plus some sign on.
      Mar 12, 2018
    • Square / Eng SQ
      Damn, I was at 20k SQ but came in a little later. How is FBs TC for our level?
      Mar 12, 2018
    • 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
    • Google Facebook
      He’d not. It’s already higher than 90% of E5.

      I call it the Blind effect. The numbers you often read here are sometimes dramatically misleading. Yes, there’s a handful of folks getting 450k at L5 at Google, but they’ve joined 3+ years ago with competing offers and already went above beyond norm that time. Now their stock has doubled, refreshes overlap, and here we go. You can theoretically get such an offer today, but the hiring manager must want you extremely badly, you gotta really impress the interviewers and present competing offers, of course. So that’s almost impossible. When such a miracle happens, you see a post on Blind and think: f@ck yeah, that’s what I must also get.

      At Google less than 10% of L5 engineers make more than his offer w/o sign on, so I’d congrat the guy. Especially given that’s for Seattle.
      Mar 14, 2018
    • Microsoft Yuk
      Are you sure he cannot get 100k sign on with 190k+ on the base?
      Mar 14, 2018
    • Google Facebook
      If he gets preallocated and the hiring manager wants him badly - perhaps. But 185 is already super high for E5. And 100 sign on is normally given to recent grads or returning interns only, or again, you rocked the interviews and they want you so much.
      Mar 14, 2018
    • 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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