Meta E5: 410 TC (200 base + 15% bonus + 720/4 stock) 100 sign on Texas First year TC: 510 Stripe L3: 483 TC (220 base + 15% bonus + 230 stock) 70 sign on Remote First year TC: 553 Curve ball: I have accepted stripe a while ago and haven’t started yet. I just got the meta offer. Should I renegotiate Stripe since it’s paper money? I don’t mind going to work in person as Meta has extra on-site perks. Blind tax: 250k with 6 YoE
500 in Texas ? Robo man isn’t kidding
is stripe actually gonna ipo this year? could be holding that paper money for a while
Cost of living is low so if there is upside, I don’t mind holding.
Renegotiating AFTER you've long since accepted is a red flag. As a hiring manager I would already be viewing you some type of way. You're better off just renegging your stripe offer and taking Meta offer instead. SMH.
if he's renegging, better to try and renegotiate isn't it
how was the stripe interview process?
Super intuitive. Definitely the best interview experience so far, more reflective of day to day work rather than leet coding. If you are a good engineer, stripe needs the least prep, at least in my experience.
Good to know
Congratulations either one is great!
Can’t have both 😅 but thanks!
Go for Stripe and eventually it’ll have similar fate as Facebook. Facebook is already in the past.
How would you negotiate with Stripe? “Hi, I know I already accepted your offer. Meta came in with an offer lower than yours, will you come up?”
Meta is liquid, stripe is paper money. There’s value in that. Also, Meta grants RSUs for 4 years at todays price. If you’re bullish, that’s better. If bearish, then stripe is better.
how much do you think your facebook rsus will grow? would you buy facebook stock if you weren’t working there? do you sell your stock right after it vests or would you hold on?
In my opinion, Stripe is paper money forever. They’ve been talking about going public forever and I don’t think they plan to do so for a while. I’ve also read the founders saying they’re happy to stay private and won’t rush to ipo. I wouldn’t join unless you’re comfortable waiting 3+ yr to IPO.
Stripe RSUs have an expiration of 7 years. I believe they started giving out RSUs with expiration in 2017. So the first batch expires in 2024, which puts a clock on them. I imagine they’ll either ipo by then or buy back employee equity at a good rate. If they let that equity expire, they’d never be able hire another person.
They could buy back, but if so, only the ones whose RSUs expire will get that. Meta seems like the safer route IMO unless you like fintech.
Your only leverage is the Meta offer but since you have already accepted Stripe offer you don't have high hand in this scenario, unless you are OK with walking away. Stripe gonna be private for awhile they publicly said it.
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Why accept before you get the other offer 🤦
It’s been almost a month. Meta recruiter ghosted me for 2 weeks after the phone screen.
Offer might be good for a year if you want to try Stripe first