Stripe made a big change in offer policy: rather than giving a four-year initial rsu grant, they give you a fixed dollar amount stock when every year ends at the value at the time.
This is very different from other companies. People joins such a company for its growth while Stripe intentionally caps it. Why? There could be two reasons I can think of: 1. saving cost — isn’t the company doing well financially? 2. Culture wise, the Leadership don’t think they need to compete with other top companies for top eng talent. Either way this is not a good sign —- Seems only Lyft and Walmart are doing the same thing...
What do you think?
#google #stripe #facebook #Airbnb #robinhood #databricks #uber
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comments
Stripe is garbage.
Consider two candidates:
#1 rocks the interview, gets $500k in stocks over 4 years. Turns out to be an ok performer.
#2 doesn't do amazing in the interview but clears the bar, gets $300k in stocks over 4 years. Turns out to be a really strong performer.
Under these 4 year vests, it is hard to get #2's TC up to #1's once both have been through a perf review. You can't really reduce #1's TC.
In this other system you can do this because so long as the stock is going up, there's a cap on what somebody is getting from their initial grant. That opens up more of the stock pool for perf bonuses to current employees. Of course, companies could also just keep lower stock bonuses/refreshes, but then good people are more likely to leave.