Hi. I was offered SWE position at Ripple. Offer looks like this for senior position: 180k base with 10% perf bonus 7500 RSUs 25k sign-on bonus. I wasn't given any evaluation of RSU price, so I don't know how to look at this equity. I have FB offer for E4, where TC is about ~315k/year, and I need to pick one. My question is, how is the culture in Ripple, and are there anyone who had similar experience choosing between Ripple and FAANG companies and can share the experience, like did you get what you wanted, or you switched to some other company. Thanks in advance.
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If you can manage your bills with 180k go ripple Even it’s paper money it will be worth in near future
Well, I think I have room to negotiate the base salary and yes, I can live off with base. My concern is, how people evaluate this type of offer when company give x amount of RSUs and there is no predicted price. Should I do some research myself, or it is just gamble? Because from my friend who joined to Uber pre-IPO, when it is about pre-IPO RSUs, there should be something expected.
Dm me I can help you out.
That's the salary. They WILL NOT negotiate on RSUs. You've already done a good job negotiating for that sign on bonus. The base is right up there for this level too. Let me know if you have any specific questions.
BTW, Does Ripple give a 401K % match now? Last I heard they don't have one, or did that change ?
Yeah they match 50% up to $5000 i.e. if you put 5k, they will put 2.5k a year. It's capped at that amount.
U can still negotiate. I would say it all depends on which team you are interviewing for.
I have an offer from Rippe. Can I DM you?
BTW, Does Ripple give a 401K % match now? Last I heard they don't have one, or did that change ?
Ripple folks, what should I expect for salary expectations for a principal product lead ? Current TC:225+paper stock
If this is product role, principal = director. So expect no less than 250-300 cash + bonus + stocks
Thank you for that insight. What do you think should be the bonus and stocks component? Any insights into current share price, strike price, outstanding shares?
How many years of experience do you have ?
5 YOE
Did you end up taking it?
no I did not. I haven't worked for a big corp before, and thought it would be better to work for FB now, then later transition to Ripple if I really wanted that.
How was the on-site? I heard it’s mostly leetcode types of questions. Passed phone but debating if it’s worth trying for on-site or not
Did gou end up trying
Hi Rippler Can someone share some insight about the expected CTC for Sr Tech Program Manager in London?
That's a decent offer. Fwiw, I'd have taken Facebook.
BTW, Does Ripple give a 401K % match now? Last I heard they don't have one, or did that change ?
Huh, on one hand you have a public company with real money of $315k/year and on the other you have paper money based on a valuation you don’t know, and you are wondering which one to pick?
I am sure a lot people shared your view in last few years, Snow, door, instacart, zoom, etc...