I just accepted a offer from Pinterest for a L5 software engineer position. My offer is 205 base 700 equity (175k a year) 40 sign on After I accepted the offer I saw that on level.fyi that L5 average equity is about 200-250 a year(800-1m). Did I get low balled? My recruiter told me 700k is the max tho. I am wondering does Pinterest give less equity now post IPO because stock is more stabilized and fluctuate less? I was happy with my offer but now knowing that my coworkers at the level are probably compensate more than I do makes me feel less excited. Can someone from Pinterest give some insight? Or share your offer package? Update: Pin lower the max for equity max to 700k since 2021 due to stock appreciation. I would recommend Pinterest. The recruiter is very transparent and cleared the air for me. Update (2/22) Although saw an entry on level.FYI L5 from 2/17/2021 with comp 210/225/0 so I am not sure what’s up? This entry is with 6 yoe and 0 years at the company, so maybe it could be from earlier last year but just entered later?
If you put your data up you’d be the lowest L5 there
Rip. But my recruiter told me 700 is max......
Recruiters lol. Don't accept or get a counter. That's you only bargaining chip
Arguably due to the huge stock increase in the past year you are likely lower compensated than other L5s, but it’s all partially luck. I hope you don’t worry about it internally too much and the stock continues to grow.
Thanks. I have already accepted the offer. I had an offer from Netflix that gives higher TC but I really like Pinterest so I chose Pin. I just felt kind of bad that I am at the bottom of the pay band :( not a great way to start a new job
Someone has to be at the bottom. A newbie makes the most sense although it was also when you had the most leverage
This is still better than a google offer. You will never make the crazy money of people who joined pre ipo but that is also because they took the early risks. If you want the most upside then join companies like Instacart or Rivian before they ipo
On level.fyi the entry that has 200-250 equity per year are entered in 2020 which are post IPO tho. There is an entry from December of last year with 200k equity per year
Are you an ML engineer? ML pay band I suspect is higher.
I am backend
Company is focusing on the bottom line this year.
So they are cutting back on offer package?
Interesting. Start in 2021?
A lot of those numbers are from pre ipo stock grants. Your offer is not the highest but higher than anything from companies like Google lol
I know but it doesn’t feel great knowing you are pay less than your coworker you know? And didn’t Pinterest ipo in 2019? I only see data from 2020 on level fyi.
Well, I mean you make *a lot* less than anyone who started 2+ years ago. Their single year grants are more than all 4 years for you. Comparing doesn’t do much really.
YOE?
5
You got lowballed. Don’t ever trust what they say
If you are working in the ML domain you definitely could get more.
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They may have lowered offers now with the boom. Yeah, that does sound low relative to previous offers I’m aware of Of course, someone will get the low end of the range anyway.
What boom do you mean?
Equity growth. All the offers I knew of were sub-30 stock