I noticed a lot of people moved to Coupang from FANG. What was your level and salary and what is it now? (I mostly see people moving as Principal SWE, is it L6 equivalent?) My TC is approx 400k and 7 YoE. Please DM me if you don't want to disclose it. #coupang
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Coupang seems to pay close or equal to FANG level. The pay will put you at the top in Korea in terms of salary. If you believe Coupang will IPO next year, and there is a strategy to go outside the Korea market and find success, the stock will grow. What will be a shocker is for people is the culture shock if you never work at a Asian/Korean company before. Upside is you can be the change agent but downside is if you can’t handle the small talks behind your back, the eyes staring at you like wtf are you, and small groups of people ignoring you because you don’t understand, then you will not be okay. The top down BS and wlb is all whatevers at the end of the day. Go work at FB or G as a Director or above, trust me, there are plenty of top downs and weekend/weeknight BS to deal with all the time. I’ve seen midnight write ups about product reviews and design critiques from Mark and the expected turn around is next day. So I can’t imagine Coupang being worse.
I was asking their salary in Mountain View, CA not Korea
Salary depends on grade, Principal make around 700K which includes base and paper money.
Base is comparable, huge upside on stock options if you join pre ipo. Company is well poised for growth. Focus is on delivering, with long hours and short term focused due to sr directors and above dont have back bone
Huge upside on stocks = stocks are comparable with your existing TC or is it significantly higher?
If u r offered 100k units at 20/20/30/30 4 year vesting schedule and if stock ipo’s at $20 which is highly likely, your base + option upon exercise + 10% performance bonus will be $600k+ and in your 4th year assuming doubles twice and hits $80, your final year total comp will be $2.5M.
Do you think the value of stock is around $15? I was under the assumption that it is around $30
Same here.. Heard between $20-$27 (wide range). Don't know if its this volatile
Surprisingly, I see lot of FANG folks moved to Coupang in last 0-2 years
Does TC include paper stock?
Yeah breakdown would make sense
Current Coupang offers are Netflix style where you can pick percentage equity or cash equivalent, so the dollar value is real and can be locked in if you wish.