Have two offers on the table and am having some trouble picking between them. Opentable and Yelp. Compensation is about the same for both. 130k base + 12% target + 40k/3 in stock with a 15k sign on for opentable. Same base, no year end bonus, 120k/4 and a 10k sign on for Yelp The team and job sounds more interesting at opentable. Yelp feels more well known and the benefits are better. OT: ~$174k first year, 159k after that assuming target bonus Yelp: 170k first year, 160k after that. Yoe: 1.5 years Do those numbers sound alright and what would y’all recommend?
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did you negotiate
Yeah but there wasn’t too much wiggle room for me.
I think OT is in a much better position to compete w Google than Yelp is. OpenTable has some unique assets, Yelp pretty much just has its brand
Yelp is a trash fire of an application. All the bad press with pay to remove reviews... it’s a worthless property on its way down. At least opentable has a real product. Edit: I think I hurt some yelpers feelings. Probably because they know it’s true and the product is garbage.
But tell us how you really feel
Pay to remove reviews? You must watch Fox News too.. spewing fake BS. You’re clueless.
Yelp numbers sounds right. Some more info if it helps you decide. At the tail end of the first year you generally a bump in base (usually 5-10k) plus a 4 yr stock refresher which is standard 50% of initial grant, although people have gotten more (up to 100%) with amazing performance that I've talked to.
Thanks for the info! Yeah I’ve heard the refreshers are generous - though there have been some posts on Blind recently complaining about 25%-50% refreshes becoming common
After the first year it does generally go down. Your year 2 isn't gonna be >50% for almost all people. Essentially refreshers are used not just as a regular yearly raise but also to level you (via comp) to your performance
What kind of role / which team(s)?
Full stack at Yelp. Mostly front end at OpenTable but also will get some backend work
Ah got it. Do you know which team or which area?
If name recognition matters, Yelp is only better known in the U.S. There are also bonus multipliers for exceeding expectations and significantly exceeding expectations. As a two-sided network, we can do a lot of things that Yelp can’t do. We also have more restaurant reviews than Yelp and unlike Yelp, one must have had a reservation to leave a review. The OT culture is a lot of fun and there is plenty of opportunity for advancement.
Which position are you applying for? SE II?
I believe so! I got placed as IC2 for Yelp so should be similar. Why?
Would have been low for a senior position
From a career perspective, because Yelp is more horizontal than OT is, your potential opportunity to work within different industries under the same roof is possible (for example home and local services as opposed to restaurants). If you’re super passionate about the restaurant industry only, hard to say which to choose. From a business perspective, we would go as far as to say OT “gouges” their customers by charging ~$1 per cover that dines at their restaurant when a reservation is made with OT. I assume this cost is used to offer rewards to diners and to market restaurants to diners. It’s an unnecessary cost to restaurants that would do well with or without OT, but it could be better for mediocre restaurants to use OT. A restaurant that switched from OT to Yelp Reservations was able to offer their employees health benefits with the amount of money they saved, for instance. Obviously I drink the kool aid, but that’s pretty compelling.
Yeah restaurants that make more in profit take care of their employees. They pay them good livable wages. They give them benefits. And if corporate America has taught us anything in the last 30 years it’s that when a company can increase their profits, they generally put those profits right back into their employees welfare. This is the most naive comment I have read in months.
Yep, we gouge by being transparent and letting restaurants choose when they want our services, whereas Yelp uses reviews by non-diners for extortion.
Opentable. Period. Yelp isn't doing great if you followed the news recently
Opentable
Thanks! Any reason why?