I’m looking to transition to my next role. Below are the offers I have at the moment (base / equity vesting over 4 years): Spotify: 235 / 180 (senior SWE) Snapchat: 190 / 750 (L4) I’ve seen that Spotify isn’t quite competitive with other tech companies but I didn’t realize they’re 100k less. I was wondering if there’s a trick to negotiating with Spotify. I recently got them to go up 5 on my base, but they refused to budge on equity. Recently I got off the phone with them and the recruiter mentioned that basically this was their final offer, i.e. the rest is non-negotiable. Due to COVID-19 discussions with Snapchat have been a bit slower, so I haven’t started to negotiate with them yet. Note: I have never negotiated offers before, so I’m flying (pardon the pun) blind here and could use your guys’ help.
Try to take more equity
Spotify refused to budge on equity- did you mean snag the Snapchat offer?
Snap equity issued at current price could make you a lot of money. Company could feasibly someday generate more annual revenue than its market cap at the moment.
Snap should be better than Spotify if compensation is equal.
Yeah what level is the snap? Tell us
Will update the post when I learn the level. My guess is L4?
Looks like L4
Snap offers are fixed for levels, given that it would be a great time to Join. You could easily double your stock compensation.
5k is the standard increase in base, Spotify doesn’t raise the offer beyond that. Before we went public, you could get the next level’s equity, but I’m not sure if that’s possible anymore with RSUs. The big question is do you want to be in NYC or LA? If comp is the deciding factor take Snap.
“Spotify: 235 / 180 (senior SWE) Snapchat: 190 / 750 (L4) I’ve seen that Spotify isn’t quite competitive with other tech companies but I didn’t realize they’re 100k less.” Hey, this is more than 100k diff.
YOE?
6 at companies, another 2 selling my own software