How is Flexport doing?

Jul 27, 2021 23 Comments

I’m considering joining flexport for the upside, offer is 160 base with 250k equity over four years (at $20 per share, so around a 5.3 billion valuation).

I’m mostly interested in the how the business is doing and whether I’d be early enough to catch significant growth?

Current Tc 180 k yoe 1

Edit: hired at the level between new grad and senior eng

Flexport
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  • How many units? 12.5k?
    Jul 27, 2021 8
    • OP
      Interesting analysis but math seems a bit off?

      Flexport’s valuation of around 1 billion corresponded with a share price of $3.54 per share (see chart in https://forgeglobal.com/flexport_stock/?utm_source=sharespost).

      So at a 6 billion valuation the share price should be similar to $21.24, not $12. Even dilution shouldn’t be able to drop the share price to $12 at a 6 billion valuation.

      Perhaps the 500M outstanding stocks assumption is inaccurate? But nonetheless the multiplier analysis is quite interesting, thank you for that.
      Aug 8, 2021
    • Google
      GdkN38

      Go to company page Google

      GdkN38
      Nope the SoftBank 1.2 bil round had 50% dilution so $12 at 6 bil valuation is right
      Aug 18, 2021
  • Uber
    Nber

    Go to company page Uber

    Nber
    Why leave rbhd stocks on the table given they r going public like right now?
    Jul 27, 2021 3
    • Uber
      Nber

      Go to company page Uber

      Nber
      Gotcha, u must have joined very recently and already consider leaving? Friend from facebook joined early June and got stock price of 12b valuation.
      Jul 27, 2021
    • OP
      Yeah very recently. Robinhood would need to go above 35 billion market cap for me to really gain anything meaningful. Also the work is boring.
      Jul 27, 2021

  • This comment was deleted by original commenter.

    • Oracle
      Elisonn

      Go to company page Oracle

      Elisonn
      Hahhahha how is that the same offer when you have close to 2.5x the stocks? Your stocks at the current value are worth 100k more than op’s offer.

      Who cares for 10-15k more in base.
      Jul 27, 2021
    • Flexport
      YodaSucks!

      Go to company page Flexport

      YodaSucks!
      @Taulia the level is offered based on your previous experience and interview. There is literally no guarentees that since someone has x years of experience, they will be given y level. Also flexport has pretty fixed compensation based on levels so there is no lowballing going on per level. We make sure thawe stay away from these practices. And it happens all the time. People with different Yoe get same levels and its not a big deal.

      Lastly, and this is my personal opinion but if anyone, joining a pre ipo company, thinks that the equity might be worth 0, than it's an issue. While the risks may be present, I don't think evaluating a startups offer based on base and thinking of equity as 0 is at all fair, given that we don't really care about the base and the equity is why we join and work hard to make sure its worth something.
      Jul 28, 2021
  • Flexport
    YodaSucks!

    Go to company page Flexport

    YodaSucks!
    Okay I am confused. Did you get 250k equity at 20$ a share meaning around 12500 of stock units or did you get 31k stock units and they are valued at 620k?
    Jul 27, 2021 4
  • HP / Eng
    sptth

    Go to company page HP Eng

     sptth
    Which level?
    Jul 27, 2021 0