Is it fake?

New
qDLG43

New

qDLG43
Aug 19, 2018 5 Comments

My friend at G told me a story:
His L5 teammate left for Dropbox 5 years ago, they met at the party last week, and then surprisingly a teammate said that he’d earn the same $ at G (so he didn’t earn that much @ Dropbox after IPO). Is it a trolling? I thought it makes sense to go for Lyft, Airbnb.

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TOP 5 Comments
  • It’s true. I was at that party. Can confirm.
    Aug 19, 2018 0
  • Amazon
    Planck

    Go to company page Amazon

    Planck
    Private company valuations are super inflated these days with Arab and Chinese money and mega PE firms stuffing money into late stage deals. So pre-IPO isn't as sure a bet as it used to be.
    Aug 19, 2018 0
  • Google / Eng
    mad👩🏻‍🔬

    Go to company page Google Eng

    mad👩🏻‍🔬
    This happens a lot. Often times a company will go public for less than the internal valuation in hopes of raising money, and the price doesn’t move much. In effect, employees had a higher number for their 409A price than the IPO price.
    Aug 19, 2018 0
  • ^ this. Looking it up, prior to 10B valuation in 2014, they were valued around 4B in 2011.

    That's 2.5x growth in last 7 years for dropbox. Google stock has seen more growth than that in last 7 years. Even if we start in 2013, Google stock has grown by 3.5x.

    Keep in mind, a company like Google has standard refreshers, promotion ladder, bonuses, and because the stock is liquid the tax is distributed throughout the years.
    Aug 25, 2018 0
  • Splunk
    Shjfndjsi

    Go to company page Splunk

    Shjfndjsi
    DBX was valued at $10B since like 2015 and their current market cap is <$11B so not surprising
    Aug 24, 2018 0