Would you give up $450k total comp for a potential windfall of an IPO at UiPath? If you were making $450k TC that grows year over year (by 30k-50k due to refreshers) would you give that TC up for an offer from UiPath that’s 200/500/50 with their valuation at 38bn ($64 a share)?
These ipo valuations are nuts.
Dropbox should go private and put on a wig and mustache and some SPAC will give them a few billion to go public again
Hah. Yah Dropbox going private would be nice. I’m honestly trying to hedge and ask for 600-900 in equity which would hedge against too much of a downfall
I wouldn’t take that offer unless you expect stock to like 5x which I don’t think they will
Not at that offer. I am guessing that 500K is equity over four years. Even if it becomes 3x at IPO (which is not very likely for any IPO), you will be just 100K-150K ahead of your existing TC. The company does have a lot of potential and can do really well in future. If you perform, you will get good refreshers as well. But only join if you are going to enjoy the job, it is a bit late in the company lifecycle for the lottery now.
👀
I think you should push for more. I typically use some multiplier based on how many rounds of funding and how close is it to an actual ipo. If I were in your shoes, I would probably calculate stock value at 2x. At that multiplier you are just breaking even for current offer. I would recommend that you push for more base.
They won’t budge on Senior offer
Maybe that you are towards the top end of that band. I've shared my recommendation above but decision is yours. Personally I believe/hope that it will grow even more, but I'm biased here and hence would rely on my heuristic.
Even if UiPath doubles the first year it’s still breaking even for me. But Y2 is when Dropbox would beat UiPath if UiPath doesn’t continue to be 76b company and not offer refreshers
This vote is closer than I thought it would be.
Seems like there isn’t a lot of belief in UiPath IPOing at > 2x.
Kudos for having stellar TC at Dropbox. My two cents...Can your TC be bigger at UiPath through stonks? Hell yea but let explain why. Not enough people know about UiPath today and that's why it's still not too late. At a macro level this platform is poised to be the leader in redefining the labor market and continued adoption of universal basic income is inevitable. There is a reason why this is the fastest growing enterprise software in the history. That shift is as big if not bigger than the move from agriculture to manufacturing in human history. For that reason something else I'd consider is the growing total addressable market for enterprise automation. Not just biased but I'm very bullish about this. Including the TC, I'm excited to be a part of that change. Take a look at this real change in accounting over the weekend to get an idea of just what this can mean and you can decide. This problem is already shaking up the private sector, public sector how people think about hiring, cost cutting, and labor market. Good luck friend! https://www.nytimes.com/2021/03/06/business/the-robots-are-coming-for-phil-in-accounting.html
I totally get this mindset and I’m bullish on it too... but it’s hard to kind of think about UiPath sustaining 2x-3x growth at 38bn right now. For example my TC this year is $470k. Next year $500k, the year after $530k assuming no additional stock growth and just the standard refresher amounts. UiPath would need to sustain a 2.5x valuation for this move to even have me break even.
Yea. Strictly by TC I wouldnt move if I were you. For me the reason happens to be a lot more :)
It sounds like you are already getting in at a very high valuation (100x revenue) at UiPath. It needs to double to match your current TC. The stock market can crash before you vest anything. Can you negotiate more stock?
I would ask for 1M stock to match your current TC and maybe if they gave 800k I would take it