What do y'all think about this? https://www.forbes.com/sites/chloesorvino/2021/07/08/instacart-taps-facebook-executive-as-ceo-names-founder-apoorva-mehta-to-executive-chairman
Instacart = FB 2.0 -> path to $1Trillion company
Instacart has aspirations of Facebook? How?
Pure bs
🥕
Do not join this company. We have a clawback for any new hires since dec 2020 that you will lose all vested equity if you quit or are fired before ipo happens. The general sentiment is this will delay ipo even further
What is your motivation to post stuff like this? The clawback is true but everything else is conjecture- and from what I understand the clawback is due to tax/legal reasons. Why would you deliberately try to cause your equity to be worth less?
@DHzy46 Sheep alert. If the clawback exists due to tax/legal reasons like you say, won't all other companies have it for the same legal reasons too? Come on. Also, where's the tax/legal clause citation? This is just a cheap move by the management. You don't need to defend everything your management does. Sometimes, it is what it is.
I am pretty sure Fidji is not subject to the clawback
Do not join to this company getting down leveled. Instacart is hiring VPs as CEOs so that's 2 levels up. If you're an E4 only join if you get L6 offer
Can confirm, lots of Lyft 5s (who are nowhere near 6 material) going to Instacart as 6
if you loom on levels.fyi you'll see that a 6 at instacart overlaps with level 5 at lyft or facebook. That seems roughly correct from my perspective going from FB to instacart.
“The shakeup, which Mehta says was entirely his idea and not forced by investors, gives Instacart a leader with a decade of experience working at a publicly traded technology giant.” In short, CEO got PIP’d by the Board. Brought in a FB VP to sit on the board starting Jan’21 to shadow his job for half a year and and now he’s out.
If so they are both very good actors. Approval seemed very happy about the change.
They worked together for 100s of hours apparently. So definitely worked outside of board meetings
bunch of hurt fb ppl up in here lol. glad they have all this time to rest and vest while we keep poaching their ppl
y'all can have her
Plz poach me too, I can be a CTO!
Heard RSU policy is shitty
Do you mean the refreshers?
Refreshers are great. It’s the double trigger which sucks.
Does this lady have a phenomenal track record at FB ? She doesn’t seem to have ... the right track record to be the top dog for a 40B company, especially if you want it to be an 60B one in two years
I joined FB 10 years ago as a PM. 2.5 years ago I became the head of fb app. Now I am 35 and will become a CEO. Isn’t it phenomenal?
Yeah, I didn’t realize FB promoted entry level PMs to Director after four years in 2014. Hence I ask, what’s her claim to fame at FB to merit it.
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Closed now - thank you all
Fb is a company worth $1 trillion. Instacart is valued at $39 billion. This news is a drop in the ocean.