I guess this is the cautionary tale of startups. TC before: $450k TC now: less than a new grad
Oh no. What is your YOE?
Can u give the actual TC now?
This. People gladly volunteer inflated TCs when stock prices triple, let's balance that with some deflated TCs when stock prices "third".
I am interviewing there. Is it worth at this level?
Now is the time to join. Join low (share price), vest high
Damn that’s cold
Has upper management addressed this issue? Or is it head in the sand with hopes of it rebounding?
Stock is stonk 😅
Roblox is not a startup. Every company has these moments. Look at MSFT @2000 or AAPL a few year before that
Yeah I don’t think Roblox will be the next MSFT, at best they’ll be bought by a bigger company.
Tc or gtfo
To me, a startup is defined by growth rates and P/E multiples (or if there even are any earnings yet). https://www.business.com/articles/at-what-point-are-you-no-longer-a-startup/ To me, if you have not made a profit yet, and are still seeing massive user growth, that means you are a startup. Or at least in the “startup phase”. Roblox I don’t think counts anymore. But lots of publicly traded companies do, like DoorDash for instance.
That's ridiculous. If you're bringing in BILLIONS in revenue, you shouldn't be considered a startup by any definition of the word. If a company loses money but has 5B in revenue, they aren't a startup. They're a shit business with no scalability.
What is your TC breakup if you don’t mind sharing ? Also YOE ?