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Hi I just got an offer from Snowflake to join services branch (190K base /20% bonus/225K RSU). I'd take it, but just a few weeks ago I accepted and started at series B/soon to be series C startup. Their offer is an equivalent offer for same base, a bit more bonus bonus and good amount of early equity, and the tech space is pretty neat. I have trusted colleagues from former company at Snowflake who are excited about the Snowflake, and I have trusted colleagues whom I also worked before here at Startup who are equally as excited about the startup. To complicate, I also have another job offer pending from Microsoft/Github. Do I take Snowflake with post-IPO lottery, or play the startup lottery? #snowflake
You may have missed the party. The odds of the stock correcting from it's outlandish valuation is real.
The colleagues from Snowflake a bullish on the continued growth and better name recognition. The opportunity at a smaller startup to build a bunch of interesting stuff is also interesting. But I have concerns about addressable market here vs Snowflake...
A lot of people are bullish on Snowflake but still agree that it will correct in the short term
225k RSU per year?
No, total.
Not worth it. Join the startup, there’s a good possibility of this RSU becoming half in 6 months
How do they decide the stock price? I feel it’s overpriced as for now.
Microsoft
Snowflake is most likely overpriced right now. Long term I like snowflake but I wouldn’t count on the 225k value.
Snowflake stock is way overvalued . Can you negotiate stock price to be what it id 1 week after lockdown expiration
And what's the offer from Microsoft/GitHub?
Did you try negotiating with Snowflake? Given that their stock is really overvalued I wonder if they will be willing to give you more equity
190k base? Blind is fucking wild lmao. Someday I’m hoping to break 60k..
If you join now, you will be the poorest Snowflake unfortunately 🙁
Are there any stats on how much the stock was worth pre and post split? I am curious how much money snowflake devs who sold all of their stock on IPO made.
They are locked up for 6 months. They can’t sell yet.