Should I take this offer?
I'm currently an sde2 at a pre-ipo company (not Axon).I just received an offer from Spotify for a senior role (tc ~$270k). Tc at current company valuation is ~$300k but half of this is paper money and I'm not sure when the company will go public. Should I take the Spotify offer?
I’m a recruiter from Spotify. That is the best offer we can give you, and that is high as per industry standards. You should accept the offer. Ohh wait, and there might be layoffs beginning of the next year. You could qualify that too.
You likely went to this pre ipo company because you thought they had a chance for success. Think about how long you’ve been there and how things have changed. Are they for the better or worse? Has how you’ve felt about the company changed in the last 2 years? If things are trending downhill, then maybe it’s worth going to a larger / well know company. That will help to build you brand and credibility. However, if things are relatively the same (company is continuing to do well), then I’d recommend staying. The impact / experience you’ll gain at a smaller company is going to be much greater. Plus, as an added bonus, if they do go public— your credibility goes through the roof. You helped a company scale to ipo and that experience is very valuable. Only leave if you really need to.
No pre-IPO company will likely IPO in two years unless you are in a true rocketship with path to profitability. Take Spotify and take your bets.
What is Spotify offer break down . How much is stock /base/bonus and location?
You get to choose the allocation at Spotify. Cash, RSU, in the money options, or out of the money options which each give a multiplier based on risk. I am not OP, but base is probably $200-230k and ~$200k-$250k in a 4 year grant.
Spotify is a really good place to work. I am not normally a corporate fanboy, but they really do a great job of balancing WLB, Pay, Interesting work, cool colleagues, work from anywhere, etc. it’s pretty awesome. Knowing what I know now, I would risk it if I were you, but it’s true what others are saying as well. If you are not in a position to be able to handle being laid off, take a look at our recent financial statements. We don’t care about profitability so much, but when cash flow starts to trend in the wrong direction expenses have to be cut and expenses being cut usually means non-strategic projects are ending and folks on those projects won’t be needed.
What is the intelligence in hiring someone and then laying them off soon? Surely offers going out now have already been vetted for business priority.
That is likely true in the short-term, but nobody know what the next 6 months holds. Ideally, you do one round of layoffs and everything is ok after, but it really depends how long this goes on
YoE?
SPOT will have a brutal year with layoffs
Due to the state of the industry or something specific to SPOT?