Hi, My wife recently got an offer from Confluent for senior SWE and she has some doubts before accepting it. Offer details: Base: 200k/yr Options: 50k/4yrs (not $50k, 50k options) We are not very familiar with the pre-ipo options/rsu structure, and have some general questions. Hope to get some insights from blind. a. For pre-ipo company like Confluent that provides options, before company goes to public, if the employee receives exercised options, is it possible to sell in secondary market like sharepost, equityzen? How is the selling price determined in these marketplace? Hope someone who have done this can share your experience. b. Recruiter mentioned employee can choose to early exercise the options after join, how does that work? c. I heard there are certain tax benefits for options, how does that work? d. She had another offer from Splunk TC: 400k/yr. Financially, is it worth to join a startup like confluent, or is it better to allocate extra 200k to invest on Confluent? We would really appreciate if you can help answer these questions. Thanks a lot!
Just commenting to bump the post coz I’m interested too :)
Bump the post as well!
Fellas hit the bell icon😅
Hitting the bell icon just notifies. Commenting actually increases engagement in the post and increases visibility to others. Hence commenting. :)
b) c)with early exercise you get long term tax benefit if you hold the stock for 2 years from grant date and 1 year after exercising... you need to pay the strikeprice * no of options + amt tax for iso stocks (regular tax for nso )
What is the outlook and culture at Confluent ?
Thanks. How much portion of option that I can early exercise? Recruiter said all the options, but I don’t understand how you can do that before the options are even vested? Hope you can help me understand.
When is the IPO for confluent?
I don‘t know. I would hope the blind can provide more insights
This year is great. Is it rumor or real poop?
The decision comes down to accepting $400k at Splunk with limited growth upside or $450k at Confluent with significant growth upside. $450k assuming they will go IPO in next 12 months. I would pick Confluent as I feel confident about their product and think it will reach a valuation of ~$30bn in 2-3 years after IPO
Would like to understand from your perspective why you think they will be 3x the valuation in just few years?
I hope the valuation can go up to $30bn in a few years. How likely and soon you think confluent can go public?
I am a bit confused. In stock market, one option contract has 100 shares of the underlying stock. So does 50k options mean 50k shares of the stock or 50k * 100 shares?
No here it just means 50k shares. Executives have 50k*100 shares😂
I see🤣Thanks for explaining lol
😅
What is the strike and preferred price of the options ?
According to recruiter, $13 and $33
Do they do refreshers and is there an annual bonus ?