I’m on my way out of Square, and I have two excellent offers from Apple and Reddit. They’re both remote (west coast) roles. Which one should I take and why? How much more can I get out of either of them? Apple: ICT5 $235k salary + $800k stock + $75k signing bonus = $540k TC Reddit: IC5 $250k salary + 10k shares + $100k signing bonus = $510k TC (at Series F valuation) Currently: L6 12 YoE $389k TC (lol)
That’s tough. Take both.
Best advice
Why do you count signing bonus as TC unless you intend to work there only for 1 year
Year one TC brah keep up
Reddit cuz potential upside
Location
I thought Apple does not allow remote work
Woah I thought Apple doesn’t do remote!?
You will get 10,000 reddit shares? What are they currently worth? Reddit is pre ipo but they have a value. 1.3 billion in funds raised divided by number of shares outstanding is what investors paid give take. Also factor tech stocks all worth 50% less at a minumum in 2022.... revenue is about 250m gross annually Reddit wanted to go public march 2022 for 15b valuation which implies big upside. We need to know how many shares are outstanding. Edit: research indicates they are worth around 40/share. Do your math and realize as they grow share price will also grow.
Reddit’s still valuing their shares with their 2021 ATH valuation at ~$60. Fidelity cut prices back in May to ~$40. They’re probably worth even less now if you look at other Ad-based companies (GOOGL, META, SNAP, etc.)
Assuming a 50% price cut (prob being generous TBH) your equity would be worth 10k * $30 / 3 years = 100k / year
Pretty sure it’s 10k shares over 3 years https://www.bloomberg.com/news/articles/2022-05-31/fidelity-slashes-reddit-stripe-valuations-after-tech-rout
Apple without question. You will guaranteed become rich beyond imagination stacking those refresher rsus every year till retirement.
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Make poll
Poll will be 100% Apple, 0% Reddit. Who in their right mind would go to Reddit over Apple?
Exactly what Netflix said