Join DoorDash pre-IPO or later?

Amazon
YeoL57

Go to company page Amazon

YeoL57
Nov 15, 2020 18 Comments

I recently got a DoorDash offer for mid-level software engineer role. The question is whether to join pre-IPO or later. Stock options offered are valued at their last series funding round valuation. Any suggestions?

DD TC: ~290K

#tech #doordash #ipo

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TOP 18 Comments
  • Google
    Yzvh86

    Go to company page Google

    Yzvh86
    I think it's too late for any potential upside. You'll get a very close to IPO price. And there is a history of price decreasing after IPO for similar companies (Uber, lyft). Joining just before IPO turned out to be the worst time for those companies.
    Nov 16, 2020 2
  • Amazon
    lowlyL4

    Go to company page Amazon

    BIO
    Waiting patiently for my kind and gracious leader, Jeffrey, to bless me with L5 wisdom TC 180k w/ stock appreciation 2 YoE Edit: I did it homies, Q4 promo ❤️
    lowlyL4
    You have a shot at making a ridiculous amount of money with pre IPO and the base TC is good anyway, I’d probably do it. Congrats
    Nov 15, 2020 0
  • I also got an offer from DD and am in the same boat. The Stock options offered are valued at their last series funding round valuation and let's say that it's $100. I was told that if I join pre-IPO my RSUs will be computed based on the $100 share price on the first vesting date which let's say is in Feb. My guess is that the stock will be split before DD goes IPO (let's say in Dec). So, if the stock gets split into 4:1 then the price per share will be $25. So, will my RSUs be computed in Feb based on $100 share price or the split price $25.
    Nov 24, 2020 3
    • Thanks for responding. The date will be the joining date (which can be in December).
      Nov 24, 2020
    • Amazon
      SFLOEY

      Go to company page Amazon

      SFLOEY
      Optimizely- I found your question confusing. You’ll get stocks worth of whatever you are promised. Your stocks will be computed based off value on joining date. Confirmed with recruiter. So if you join pre-IPO, you’ll get $100 price. If the stock split happens, your number of stocks will become 4x on that day.
      Nov 24, 2020
  • Pre IPO
    Nov 15, 2020 2
  • Google
    Qoladop

    Go to company page Google

    Qoladop
    A friend joined Elastic few months before the IPO and made a killing this way.

    Less risk that the startup endup worthless. Or waiting years before the stocks become liquid.
    Nov 15, 2020 1