I have a T6 offer at Niantic (platform team). And I’m torn.
I was excited about the role and its growth but then they announced to me that they hired a director to whom I will report to. I am less thrilled by that since I was told initially that I would come in and build that function.
I got extremely disappointed and initially decided to drop it. Out of curiosity though I asked for the offer, and got it.
It’s pretty good on the equity front, but a Over 50k base salary cut.
Of course equity doesn’t mean anything yet. But it’s stock options at the moment.
They also gave me a strict 1 week to make a decision.
On the other hand, I have a pretty decent job at dropbox but I’m kinda bored and worried about the future of the company.
I am also well advanced with other companies for interviews (startups) but I won’t be ready to have offers before Niantic deadline comes.
12 yoe
| dbx | Niantic
Base | 235 | 200
Bonus | 25% | 20%
Sign on| | 40k
EDIT:
Niantic Options offer is: 45000 options at 11.77$
Anyone has advice on how to make such a decision?
Happy to give more details in private also.
If anyone is at Niantic, I’d appreciate some extra info 😊
#tech #offer
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comments
Out of curiosity what do you Niantic folks think of the offer overall? The base is pretty low, but how is the equity in comparison?
It's current valuation is only 4B despite it makes 1B+ year revenue. They have a stockpile of cash. If it pops, it will pop in really big way because just looking at the revenues. Then the real problem is that the market looks at the growth primarily not the revenue. If niantic proves it grows from not Pokemon Go, it will drive the valuation out of the roof.
Where does the growth come from? The company is putting a lot energy building a platform but honestly it's not really working. I doubt if that small vision team would ever compete the big players. The other area is the new games. They recently announced Pikmin and IMO it has a good potential. I've been playing and it's not re-skin of PGO.
If it reaches say only 20% of the PGO users that will bring a significant momentum because it proves that Niantic games create a different market category. So probably later this year we'll see if it grows or PGO is the end game.
Just one thing: even though Niantic has the management problem, it is one of the most ethnical companies. They care about their employees a lot. If you join and doesn't like the role, they will listen and try to fix it. They won't manage you out. If you are interested, you should ask talking to your hiring manager.
I've worked at Niantic for 4 years. The other pattern I noticed is people who genuinely like Niantic games tend to stay longer. The people who care less about the product but more on the career advancement or pure technology often leave within 2 years (not that they are wrong, it's just observation). So one good test could be whether you like playing any Niantic games.
I added it
Niantic Options offer is: 45000 options (not RSU) at 11.77$
Which means depending on the valuation it can go up a lot. But it is hard to explain it seems.
These aren’t RSU so it’s not that straightforward
The option is not very exciting. I think it's around $700K worth based on the latest round. Maybe there's a room to go more if you nailed the interview.
Smart move here would be let Tokyo studio take over the whole damn thing and forget trying to compete in ar and stick to a game partnership with Nintendo.
I personally would not leave Tokyo studio unless I was offered a ton more TC at another reputable company, but Niantic pays pretty well for local market rate. For a job where you make games in Tokyo, this is probably the best you'll get.