TL;DR: I declined
Business development role.
Current TC at Meta 260k, easy life, great culture
Stripe TC offer 420k likely less WLB, unknown culture
I have a young family.
EDIT: Stripe now vests annually and the RSUs are based on company valuation at the time of grant and not a fixed number, ie. No upside if the stock rockets once IPO.
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comments
1. Vesting calculation happens upon joining for the first year of shares (so no downside protection in the first year). That being said, it calculates quarterly after first vest.
2. (The bigger issue) The share “value” is basically determined by Stripe since it’s a private company. So even if the share value goes down in the market, stripe can claim the price hasn’t gone down, so that they don’t have to give away as many shares.
This is currently what’s happening, and why many Stripe employees are pretty upset. The mix of 1 & 2 makes it a bad time to join (you lock in at an inflated price with no downside protection on first year of shares).
Once ipo happens the AVG policy is a good thing, but who knows when that’ll be.
Where are those persons with their advice?
Fast (and Bolt) are one click checkout companies. There's very limited value there and low demand from what I've seen. Their customers are typically small online stores. Large ecommerce sites already have their own fast checkout solutions (Shopify, Amazon).
Companies like Stripe (and Adyen or Mollie) are payment processors. It's a very scalable business and pretty much needed by every sort of tech company. If you accept credit cards, you need a processor regardless of the checkout flow or platform.