Stripe or stay at Meta?

Meta / Mgmt
curius_me

Go to company page Meta Mgmt

curius_me
Apr 11 42 Comments

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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TOP 42 Comments
  • Discount your equity at least 20%. If you join Stripe, you will get equity at the $100b valuation, and not what Fidelity has claimed.
    Apr 11 10
    • Stripe
      n7K6b4

      Go to company page Stripe

      n7K6b4
      Kind of. It’s two things:
      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.
      Apr 13
    • Meta / Mgmt
      curius_me

      Go to company page Meta Mgmt

      curius_me
      OP
      Otherwise do you recommend it as a place to work? It’s not like I’m making millions out of this grant anyway
      Apr 14
  • Apple
    lapislaz

    Go to company page Apple

    lapislaz
    Wasn’t someone here posting about how this is a bad time to join FinTech, after Fast shutdown, because there’s a recession coming?

    Where are those persons with their advice?
    Apr 11 4
    • Samsung
      fRFh70

      Go to company page Samsung

      fRFh70
      Fidelity has significantly cut its valuation of stripe (best objective valuation we’ll get) following the fintech dip, whereas stripe’s internal valuation (on which stock grants are based) hasn’t dropped yet, so it’s pretty clear you should apply a discount to stripe stock grants. The above posters are acting like it’s only overly dramatic doomsayers saying this - it’s not, it’s just a straightforward analysis and a basic understanding that stripe isn’t immune to the market forces that hit the rest of fintech
      Apr 11
    • Depends on the type of fintech.

      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.
      Apr 12
  • Meta / Mgmt
    curius_me

    Go to company page Meta Mgmt

    curius_me
    OP
    Apr 12 3
  • Aurora
    backpacky

    Go to company page Aurora

    backpacky
    What team at Meta has great culture? Interested
    Apr 11 0
  • Stock is going down big if there is an IPO ever
    Apr 11 1