Hello I am looking for a feedback on how good this offer is, as I didn't find much info on salaries for Rippling. And some pointers on where I can push the numbers? Anyone experience dealing with them would highly appreciate. Saw a person posting in one post 215k base and 48k (option units not $ amount) and in another post he/she posted a TC of 415k with 1M worth equity. Not sure did they negotiated such big swing? Offer Base 230k Bonus: 40k Options: 40k (units) at 4B valuation. #Offer #offerevaluation
Is it engineering? What level?
Yes Engineering level 7 I think
What's the value of the options?
Since these options their real value is how much would they appreciate from here on. So I think biggest factor is number of stock options and then the current value (strike price), which I think would be somewhere around ~5.25 (my guess). They verbally told me the last strike price and the roughly expected in the next round.
Ask for current preferred price accordingto last valuation
What's the strike price? What's the preferred price? You need to know both of these pieces of information to put a $ value on your options (and from there you can account for future growth potential).
How do you do that with that information?
It's easier to explain with an example, so let me do that with arbitrary numbers. Let's say... strike price (aka exercise price) = $5 preferred price (aka what the investors valued each stock unit to be at the end of the last funding round) = $20 Then your 40k options are worth 40k * ($20 - $5) = $600k. This is assuming previous funding round valuation of $1.4B (since that is what the preferred price represents). So if you want to evaluate it assuming a $4.2B valuation (~3x 1.4B), then it would be 40k * ($60 - $5) = $2.2M. Hope that helps, just replace the arbitrary numbers with the real numbers.
Hello OP, I will have interview with them, any tips for the interview? LC medium? Thanks
Well depends on the team, I had interview with 2 different teams and they were completely different.
2 different teams? You means you have 2 on-sites interview?
Did you accept?
Yes
Welcome!!
Can I DM you @OP ?
Sorry yes DM me
Can I dm as well?
How’s life at rippling?
Rippling guy asking about rippling ?
Just making sure OP is enjoying the ride
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Did you receive 40k options or opinions? ;) Whats the strike price? And level, yoe?
Haha......10 yoe, level I think it's for level 7.
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