I got an offer from Cohesity MTS-3 in Bangalore which is going to IPO in a couple of months. Compensation: 31 lpa base + 3500 RSUs They are claiming that their internal valuation per share will be around 40$ when they IPO, although it's still speculative. If that happens, the total TC: 55 lpa Microsoft L61 offer: base 29 + 50k $ + performance bonus 10 % + joining bonus 2lpa Total TC: around 43 lpa I'm a little confused regarding the choice, on one hand cohesity seems to have higher upside due to pre-IPO, but for an L61 offer MS also seems to be a decent offer TC: 23 lpa YoE: 2.5 Edit: what do you guys think of Cohesity's potential btw? Edit 2: it's a part of Microsoft Azure team #microsoft #cohesity #sde #swe #salaries #compensation #offer #swe #indiasalary #bangalore
Also MS can offer upto 51 TC at L61. Base can be +4, RSUs can be +25k from current point.
Yes, actually they had given a really low offer before, had to negotiate and increase the offer. I don't think they'll stretch upto 51
Just because they offered low once, doesn't make the current offer good. You have nothing to lose, Cohesity is a better offer from an eng culture+potential upside perspective. Negotiate hard and be willing to walk away. Leverage is the only way you win a negotiation.
Cohesity IPO “in a couple of months” - are you sure about that, or is this recruiter koolaid? They’ve been saying that for a year now
I'm sure about it actually, a couple of people I know there confirmed it
It'll happen in the next six months it seems
No brainer take the Microsoft offer dude. 40 usd per share is a very optimistic estimate.
Oh but given the strong financials of the company, won't it be possible? What do you think is the realistic expectation for the value at IPO and post IPO?
I think around 40 at best. Also I don't think the ipo is that close. I'm guessing late 2022. Also look at Microsoft growth. Not to mention the better wlb at Microsoft. Idk seems like a no brainer still
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FWIW, employees have a certain cool-off period before they can sell their RSUs even if it IPOs so soon. Typically the cool-off is 6 months from IPO date.