Lyft/Uber - what's the catch with so much RSUs ?
Apr 27, 2018
84 Comments
Hi.. am about to start interviewing at Lyft. It looks like the RSUs offered by Lyft are incredulous - most offers i see these days are around ~1.2+ Million.
I hear even if you leave before IPO, they hold the vested RSUs for you for around 7 years. They also give a decent base.. not great but not bad either.
Given all this, what's the catch ? Shouldn't everyone from Google/fb mad rush to interview there ? Surely theyd IPO in a couple of years and then you have potential to be Mr.Scrooge level rich... Unlike most other startups where it's not really worth joining unless you joined in the first couple of years..
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They’re essentially a marketing company. They burn all their cash on buying market share from Uber in the form of driver incentives and rider promos. Also those pink ads you see in airports as you’re ordering your Uber.
It was Groupon’s strategy - how did that turn out for them? #Groupon2.0
If you opt for those million RSUs from Lyft, you’ll need to wait a decade or more to be Scrooge rich if ever
But, based on recent public evaluation information, it’s worth noting that the stake Uber got in Didi for “getting kicked out of international markets” looks to be worth more than Lyft itself. That’s from one investment, made four years ago. As an investor, that looks good to me.
But +1 on your brand insinuation. There’s definitely a lot of room for Uber to bridge the gap between how our brand is perceived vs how much most of us actually care. We’ll get there.
Reaching 50 soon
Its definitely a good opportunity to join these companies at this moment. I've seen very positive cases as well. But overall you might not make much more, at least not as you would expect, as compared to staying in FANG, given the uncertainty, worse benefits, refreshes, and tc increases. Also experiences in FANG are better valued, which can help in the long run.
Also you should look into us too then ☺️
Plus, someone who can get Staff at F/G can get a comparable amount anyway but it’s liquid.
I always thought that only the founding members of the team got those many options.