Recently got an offer from Instacart as senior. Breakdown: 190k base Stock: 660k No bonus, refresher unclear, nothing else. Recruiter mentioned the stock number will be decided during the board meeting. When will this happen? And if they plan to increase the valuation again(currently 39B), will we get less stock?
Im very interested in this, and kudos to OP for even considering taking on the risk of instacart massively over valuing themselves or blowing the IPO (no date set afaik?)
Don't comment if you don't understand things. How would u know by working at Amazon and have a cushy job with fixed problems to solve laid by PMs and minimum use of brain. Be neutral if not positive. BTW I hopped from Amazon so shut up.
Lol calm down nerd, i’ve got a decade under my belt at startups including a few ipos, companies internal valuations sometimes don’t accurately reflect the market value seen after liquidity event/lockup/etc
YOE?
Board meeting is quaterly...last one was in April. Next one may be July, Aug. Valuation will increase if they have new funding round. No one really knows until the news is public. I joined in May and waiting for up coming board meeting as well. If they have new funding round, valuation will increase and will get less stock. Chances are likely low since they had recent funding and market cap currently is similar to Doordash. If u plan to join, join asap to lock stock units in the upcoming board meeting. I know it is nerve breaking to accept offer but I suggest u talk with directors and get some understanding about vision and business. That's how it worked for me to accept the offer. People on the Blind are individual contributors and hardly know about business. They don't even know what is over and under Valuation. Better you self evaluate by interviewing people at Instacart. Irrespective, it's fun problems to solve here. So all the best! P.s: I jumped from Amazon so feel free to dm!
This. A lot of people quick to jump on the over valuation train using the same tired arguments that any fresh grad would use. Also doesn’t help our company’s impression that some folk from IC get triggered at the slightest suggestion of ipo going bad and attacking doubters like trolls 😛 Joining is a bet at the end of the day and one shouldn’t expect guaranteed returns else they could simply go to faang
Well said
How many YOE?
Level? YOE? Location?
are you working at amazon as L5 or L6 ?
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