Instacart vs Chime offer
Posting for a friend who got offers from both of these companies and was wondering which one will do better in terms of IPO. Will either of their valuations hold after IPO? What makes chime better than other neobanks like sofi or varo? Will Instacart’s new ad strategy significantly boost its revenue? Also dose instacart or chime do stock refreshers? Instacart L4 180,000 20,000 sign on 4,800 units. @125 No 401k match No bonus? Chime L3 180,000 No sign on 10,000 units @69 3% 401k match 10% bonus YOE 3.5 #chime #instacart
Levels at each? Chime has “performance-based refreshers,” so no standard annual grants given to everyone meeting expectations. This may change as the company matures, though
Lmao it only gets worse as companies age not the other way around
Usually true, but a company has to mature a lot between 1k employees (today) and 10k+ employees. I would expect them to have serious talent retention issues after 3-4 years if they really decide not to do refreshers in the long term
Whats the value of the RSU?
Chime $69, Instacart $125 (iirc).
Hard to tell without you providing the value of the units.. or at least the calculate total TC
Just updated
RSU prices based on latest funding round for reference: Instacart - $125 (4.8k RSUs = $600k) Chime - $69 (10k RSUs = $690k) Looks like an L3 offer at Chime. Surprised they are still offering 10k RSUs even after the latest funding round. That makes it a really good offer. IPO upside: hard to predict. Depends on how the market values Instacart’s ad business (higher multiplier than just grocery delivery). Same for Chime (bank or fintech multipliers). Refresher/comp: Instacart probably wins over the long term. Chime just confirmed there are no plans of introducing annual refreshers (crushed our souls!). With Instacart being super ex-FB heavy including their CEO, their comp philosophies will likely be more aligned with FB’s (pure speculation here, someone from IC please correct me if I’m way off base). WLB/career growth: Chime has great wlb, but that also means it’s slower for promos. Depends on what you value. Again if IC models after FB, it’s likely their promo structure is much more well-defined and merit based, but no idea if this is actually true.
We want to hire like crazy so they’ll throw out a ton of stock
Very balanced analysis- seems roughly right from ic side. Crazy that chime doesn’t do refreshers. They just implemented yearly refreshers at IC, and they stack so IC comp can easily beat chime over the next couple years.
For 3.5 yoe they’re paying so much? 🙄
Did your friend make a decision?
See below comment
Hey OP which one did your friend select? Can you share an update?
They ended up going with instacart, they were very bullish about the potential for increasing ad revenue, expanding internationally, possibly being acquired, working with the groceries vs against them and they were excited about the product/team they would be working on. As well as they were able to negotiate a package closer to 370 for both Insta and chime. For Chime was worried about increasing competitors and no real feature that will allow them to be essentially be better. As well as no annual refreshers and not seeing how when they target low income population, how will this user base react to other products that will require more fees essentially. They were iffy about how chime will be able to show growth. but overall it was a hard choice and they ended up going with the company in which they liked the product and work.
rip clawback
YOE?