I am getting job offer at TripActions. Given that corporate travel has taken hit since coronavirus. Should I take this offer? Also, pls share info about work culture. Thanks in advance. Current TC:300k, + good benefits. Offer: $200k base + 12.5k options (50k units/4yr vesting), no 401k match, usual health, vision, dental benefits. #engineering #swe
Is the 50K the count of options or the current $ value of them?
It’s no of units.
What's the current value of a share/unit?
If you want pre-IPO startup experience, take it. But prepare yourself for way less organization and resources coming from a massive company like SFDC. You will have shifting priorities and lots of work ahead of you with TripActions.
Thank you! Can you please help me understand if 50k units is good offer for staff level? Also, appreciate any details about valuations. TIA.
50k is a good amount. My recommendation is to take the offer if I am not late here. Every startup has some issues. Look at the review for FANG; There is always negativity. Some teams are good and driving the culture forward.
Do not take the offer. You will hate it there. Engineers are leaving and new VP is micro manager. DM if you want details.
Can you give initials of that horrible VP?
In case if you missed it: https://twitter.com/TripActions/status/1448261378238713860
Thanks @hDPi76. Why is TripActions raising so many frequent funding rounds? Is it burning more $$ than it generates revenue? Every funding round the existing investors will get diluted I suppose.
People are willing to give them money at increased valuation. Raising $275 million at a 7.5 billion valuation is actually only about 4 percent solution.
*dilution
All the reason not to join. Options will be worth nothing compared to the work you will be putting in. Early employees are the only ones who made $. Better startups are out there hiring. Why join one that’s been extremely diluted.
Hi OP - If possible, could you share the new job role offered in TA with years of experience. I got an offer for a systems engineering role and curious on howmuch should I ask. Can I DM you if it’s okay.? Thanks !!
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Don't take it. Sounds like a huge downgrade.