L5 SWE offers at FB, Lyft, Snap, Dropbox

May 2, 2018 186 Comments

Sharing my offers from 4 tech companies, after some negotiation. Offers are final.

FB: Base $185k, bonus 15%, equity $500k, sign on $100k
Lyft: 205, 0%, 700, 55
Snap: 180, ?%, 750, 40 (in stock)
Dropbox: 185, 15%, 400, 15

Equity is for 4 years.

EDIT: I had strong referrals for FB, Dropbox and Lyft.
5 years experience.

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TOP 186 Comments
  • Google Westfield
    FB equity looks low. If they can increase to $700k, go with FB.
    May 2, 2018 15
    • Uber GPgs61
      Did you look at SNAP's earnings or do you have your head in the sand?
      May 3, 2018
    • Pinterest Ghgfv
      Snap is 😂
      May 3, 2018
    • Yahoo zPgL75
      600k is not max. 190k/800k is possible.
      May 3, 2018
    • ServiceNow R4nd0mGuy
      Those Snap v1 glasses are horrible and they wrote off unsold stock. Now they laid off bunch of people and released v2. Did anyone see those glasses used by anyone? I never saw those glasses in the Bay Area.
      May 3, 2018
    • Snapchat uhLO00
      Snap equity is low.
      Know someone who got 2mn at level 5.
      May 6, 2018
  • Twitter thesunrise
    Lyft is not IPOing anytime soon. Take that equity with a grain of salt and value it at what it should be: $0.
    May 2, 2018 7
    • Lyft d83jq
      No real reason of course, he’s just trolling
      May 3, 2018
    • Uber s8t7kup
      @thesunrise, I'm curious, if you could buy Lyft stock today for $0.01 would you buy some? (I would for sure), what about $1, $5, $10, etc. Not everyone is going to agree on the value OP should attribute to illiquid stock, but if there is any price that you would pay to get some stocks then the value is not 0. So for me the value is definitely not 0
      May 4, 2018
    • Amazon I💎
      Can you sell it today for more than 0?
      May 4, 2018
    • Lyft / Eng 0 b v yo 6
      Just because it's illiquid or comes with risk doesn't mean it doesn't have value.
      May 5, 2018
    • Uber s8t7kup
      The question is not whether or not I could sell it, it's indeed would you buy it for a given price (knowing you have to wait for IPO to sell it). Because once you buy it or once you get it from your company you have exactly the same thing. If you were willing to pay $X to get it then what the company gave you is worth $X as well. Maybe X is 0 for you, but it's definitely not 0 for me.
      May 5, 2018
  • Snapchat WtfSnap
    If you want to optimize for liquid TC, join Snap. Join in July and you’ll get stock based on may and June. Stock price will be super low.
    May 2, 2018 11
    • Yelp CapJerk
      With so many lay off news in the engineering org, how could you justify someone with such great offers joining snap?
      May 4, 2018
    • Airbnb Hl3doQ
      Don't forget transition costs; to take a snap offer you pretty much have to move to LA. Maybe you have to find a new apartment in a hurry and it's not a great deal, maybe you have to get out of your current lease, you have to move all your crap. Later if things go wrong, there's no jobs down there so you have to do all the above in reverse?

      From the outside, I think snap needs to take these intangible costs into account while making offers. They probably think their equity is worth more than I do, and they probably think that their offers are already good enough to handle intangibles.
      May 4, 2018
    • Microsoft
      Bfmg

      Microsoft

      PRE
      Amazon
      Bfmgmore
      Don’t forget backloaded vesting schedule
      May 4, 2018
    • Snapchat
      🐰🐶🦊🐱☮️

      Snapchat

      PRE
      Google
      🐰🐶🦊🐱☮️more
      Snap isn't backloaded anymore (for new hires) and a lot of teams are hiring for Seattle as well. Not advocating working here, just clearing up some things :)
      May 4, 2018
    • Snapchat barracuda
      They do relocation aid. You get a furnished place by the beach for a month and if you don't use the moving company you could get ~$10k on top of sign-on bonus
      May 6, 2018
  • Microsoft / Eng
    yKId44

    Microsoft Eng

    PRE
    Amazon
    yKId44more
    It's probably a stupid question. But, what are you taking?
    May 2, 2018 1
    • Flagged by the community.

  • Microsoft etOA87
    Did you do a masters? This seems very high for 5 years exp...
    May 2, 2018 3
    • Twitch gddvertssk
      Master's in leetcode :P
      May 3, 2018
    • Google wtf?!
      A master's doesn't improve earning much at all.
      May 4, 2018
    • Microsoft
      Bfmg

      Microsoft

      PRE
      Amazon
      Bfmgmore
      Lol why would a masters improve his earnings
      May 4, 2018
  • Google / Eng fart
    What was your strategy? Did you reveal your current level + package?
    May 2, 2018 9
    • Google VQms32
      OP
      I got an offer from FB too early, and only had Lyft to give them, which is pre IPO. By the time Snap gave me an offer, FB had already told me their offer is final. FB updated their offer once. Take away: actively synchronize the recruiters from different companies so your offers all come at the same time.
      May 3, 2018
    • Google wanttoknw
      Do you care to disclose Google L5 TC?
      May 3, 2018
    • Cruise Automation / Eng ✉️
      Tip: you can also delay talking about numbers until you're done interviewing. I had a 2-3 week gap between all my offers (verbal given but no numbers) but pushed off talking about numbers until I was done with interviews. Then I negotiated them all at the same time
      May 10, 2018
    • Facebook / Eng
      DlRg01

      Facebook Eng

      BIO
      .
      DlRg01more
      how did you delay talking about numbers? I think they gave the offer with comp together.
      Jun 5, 2018
    • Cruise Automation / Eng ✉️
      In my case they've usually verbally given me an offer first and then asked me about numbers or a chance to talk on the phone. I just say I'd like to finish up with other interviews and they've been fine with that.
      Jun 5, 2018
  • Daimler 3$420C
    Am curious. Are these salaries the norm these days? Or do you have to be exceptional for such offers. Especially Lyft, is that normal for L5
    May 2, 2018 5
    • Deutsche Bank Hotch
      I don't think they are the norm. Such high salaries are prevalent only for FANG and a few other companies
      May 3, 2018
    • Lazard fin/tech
      Norm for top companies.. sure
      May 3, 2018
    • Pinterest Ghgfv
      Average for the top companies these days..
      May 3, 2018
    • Uber safE08
      Lyft is higher bc their stock isn't liquid.
      May 3, 2018
    • LinkedIn nobody7
      Also Lyft has no bonus
      May 3, 2018
  • Microsoft wfhome
    How did you get L5 in Google in 5 years? That’s crazy fast.
    May 3, 2018 15
    • Microsoft wfhome
      Sounds like I need to change my friends!
      May 4, 2018
    • LinkedIn Ghfggf
      Change yourself is easier :)
      May 4, 2018
    • Google VQms32
      OP
      Two promotions in 5 years is median, as far as I know. It didn't feel to me I was doing especially well, but I might have been in a bubble.
      May 4, 2018
    • Microsoft wfhome
      In any case, point proven. I am not doing well in my career.
      May 4, 2018
    • Snapchat jJUw58
      I have a friend who got L5 at Google in 3.5 years out of college. He's exceptional.
      Jun 13, 2018
  • Amazon / Eng 🤠cowboy
    Man I was stoked that my comp broke 200k this year. I need to make senior.
    May 2, 2018 1
    • Uber safE08
      You and me both brother
      May 3, 2018
  • Facebook Gwkdtp
    Negotiate with Facebook to increase equity to 600-700, then take it. Lyft does not have refresher. Snap won’t exist for 4 years. Dropbox, as much as I like their culture, their offer is too low.
    May 2, 2018 2
    • Lyft xbf43q
      We do have refreshers, but only after 2 years
      May 4, 2018
    • Oracle / Eng
      tyxiba

      Oracle Eng

      PRE
      Deloitte, IBM
      BIO
      Client facing engineer here. I'm a people person I tell ya!
      tyxibamore
      @xbf43q - does Lyft have buyback programs, or is everyone stuck until you IPO?
      May 21, 2018

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