Instacart Senior Software Engineer
YOE: 5 Location: San Francisco, CA Base: 180k Bonus: Performance based Stock: 15,805 shares (worth 470k based on October 2018 evaluation and 1.5x - 2x more now according to HR lol) Relocation: 10k after tax The stocks are RSUs and not options which I guess is nice, since I don't have to buy them? What do you guys think about Instacart in general? I have a comparable offer from Tableau (similar base, less RSUs but obviously they're already owned by a public company so a lot less risk). Both are initial offers. --- Update on 20191204 --- After telling them my competing offer they added a 15k sign-on bonus. Rejected after consideration.
Instacart is never going public. I know that fasho
Instacart = webvan 2.0 (for those who don’t know, webvan went bankrupt in 2001).
Interviewed at Instacart few months ago with backend data platform sort of team. I strongly got the feeling that instacart does not have super smart engineering or leadership talent, as compared to Uber, doordash, airbnb etc. I observed bunch of red flags during the interview when I asked them about their vision for next 2 years, how they intend to grow their org etc which led me to believe that their is lot of gap in the direction they should be moving given the fact that they haven't yet IPO'd (completing 8 years) and have no plans to do so in coming few years.
Last mile grocery delivery is a highly competitive space and it is hard to profit unless you have a very high density of users. I'm talking about users within one to two miles rather than few miles away. Average cost per delivery is around 2-3 dollars (might be outdated data) and increase significantly when density decrease. E.g. $10 / hour while you can only deliver 2 orders per hour + gas + mileage + packaging + AC etc. No grocery delivery service is profitable yet (data might be outdated), those are doing well are usually 2B not 2C. Do your own DD, other companies to research for grubmarket, shipit, farmfreshtoyou, goodeggs, just to name a few. Source: ran a delivery service before
Also RSU is not free, you have to pay tax based on IPO price and if it tanks you can only claim capital loss (~$3000/year)
right. :(
That’s an appealing base for your yoe, given you are at Amazon, but I’d stay. I really think Instacart will get blown out of the water by Amazon. The WholeFoods acquisition along with the free delivery for prime members is too good
Thanks. I believe one advantage Instacart has over Amazon is the # of options. I actually use it myself to get groceries from a small local supermarket. But yeah I'm not sure how promising its future is in general.