Nuro offer
Got a base 235k + 900k RSUs offer (40/30/20/10 % yearly vesting over 4 years). RSU performance based refreshers from year 3. I take it that the RSUs aren't liquid unless if Nuro IPOs or gets bought out. Any thoughts from Nuro employees on when this is likely to happen or if there are any plans at all. The other question is, in case I leave Nuro after a couple of years, would I retain the RSUs granted over the course of my employment? Any other thoughts from Nuro folks if this offer is worth taking up? Or I should look at what happened to Argo and run in the opposite direction?
Run fast from Self Driving industry.
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Digressing here, but is the sentiment not positive at Motional?
Those aren’t RSUs, they’re stock options for common stock. The number of options are irrelevant unless you know how many have been issued. Ask for the strike price and the preferred share price at the last funding round. You will need to purchase all vested options within a few months of leaving the company. Their last funding was a year ago. I don’t know anything about the company, but startup valuations have halved in the last year.
Wrong. They are not options, they are RSU’s
@Nuro Could you clarify on the RSUs? What happens to these in case you do leave the company before they are liquid? And yes, they are RSUs which I am being told is what Nuro switched to recently.
What is your yoe and level? 900k seems really high for a startup and their stocks might be diluted heavily
yoe: 10 beyond post-doc. 900k over 4 years is not very high. Its at par with my Amazon TC.
Was your amazon tc 900k an initial offer? Or is it due to stock rise?
Is it L6 offer? 12% or 15% bonus target? Can you explain refreshers from year 3? The one granted after first year should start vesting year two mark.
Yes. 15% bonus. Did not think that was worth mentioning. Performance based RSU refreshers starting from 3rd year is what I am told. And yes its an L6 (got down-leveled) with a promise to move to L7 based on performance in the first year. Yeah. starting at L6 will hurt mentally a little bit. This is a tricky one. Hard to decide. I have a verbal yes from 2 other startups which have plenty of funding and much higher reward than Nuro but that also comes with massive risk of the startup failing. Now all I need is a crystal ball....
I would join right now. Company is doing good progress and will do many good things in the next year
I've been with Nuro for over two years now. It seems like we're in a good place and moving in the right direction. Argo was stuck between two grindstones with Ford and VW on either side trying to get out of the AV industry. I'm not privy to any IPO details. Could be tomorrow or 5 years from now. Getting bought out seems less likely to me but is also possible. Happy to answer more questions by DM if you'd like.
In a good place like what?
I'm kind of eating those words as of yesterday :(
You would keep your RSUs should you choose to leave. I think within 2 years it will be clear whether Nuro will IPO or not, though personally I am optimistic due to how many large partners we’ve managed to sign long term commitments with. Our fundamental business model is different from argo, although self driving can be seen as risky depending whether or not you think it is solvable. I’m biased but I would say come work on interesting problems and exciting space :D
I'm fairly optimistic as well. Our current plan is for a scaled deployment over the next two years so as the other post mentioned, it should be obvious depending on when/if those milestones are achieved. Further, while we are using public roads, these are classified as LSVs and have no passengers whatsoever which greatly reduce the regulatory hurdles.
Still optimistic?
Yes
Don't do it for the money. Adjusting for risk, Amazon will work out much better financially. Jump if the role, the team, and the mission excite you. RSUs, *IF* they work out, will be the icing on the cake.
This is fair and the right way to look at it actually.
Run.