So Instacart is laying off 7% of Company. Founder had already stepped down, COO, CTO and Chief Architect gone too. After IPO in Sep, did any of Instacart employees make millions in RSU? Those who joined in 2018-2019 period, were you options cheap enough to give huge cash windfall now ? What about those before 2018?
That reminds me when uber had an awful ipo.
Can you give more details
Was offered at 45, lockout expired at 27, Covid hit and it bottomed at 13
Why do people assume any ipo makes people millionairesโฆ. Unless your a founder or got in before series B youโll probably end up with less than if you were just at a faang.
I know. I am just trying to understand what were the strikes of Options granted to ppl during that time
Because of how successful a couple of IPOs were when the share price skyrocketed compared to their internal valuation before going public.
Why do you need to know? Dating someone ex instacart?
How much was their offer and how much did they actually make once it was all said and done and turned into liquid money
Forget about it, just all in SMCI
If you joined in 2019, you got RSUs, and it wasn't a huge amount either (about 75k/year for L5) Source: joined in 2019, watching my equity slowly go to zero ๐ญ
Brex is private, right?
Was pretty good tech wise and great wfh perks, but lots of head butting, and recent macro meant a lot of cutbacks on said perks(left before most recent round of layoffs, so dunno if even more cutbacks) Also yeah it's still private, and probably gonna be for a while
Joined 2019, gonna make around $350k post tax :'(
This is pretty good actually.
Dang ๐
$350k as cash on equity isnโt bad. Assuming all your 4 year stock got vested. What was the option strikes ?
People who joined on 2019 or later were not given options. They were given RSUs.
At what stock price
Yes, a million peanuts
I know someone who declined nvda offer to go to instacart in 2019 ....
F
At least they were happy till 2021
LMFAO. Good one
100 ๐ฏ millions of dollars
Thatโs all?
For real ?