Current comp at facebook: Base - 175K Bonus 15% Stock - 225K (4 year vesting) L5 Role: IT Applications engineer Got an Offer from Lyft: Base - 200k Stock - 600k (4 year vesting) Sign On - 20K L5 Role: IT Applications lead I am happy with facebook but Lyft stock is good and commute is going to suck with lyft. Having hard time deciding. People who moved from FB to Lyft, How's your experience been?
600k is paper money as of now, sign on is less
I thought the same. I am negotiating with the recruiter for better sign on. What do you think is a good sign on. I am hesitating to ask 50k sign on since it's way above what they offered
50k is not that much more, I’d ask for more. Worst they can say is no, they’re not going to pull the offer
Eng or PM? Stock at Facebook looks light
FB does not consider my role as Eng but Lyft does which is why Stock is less
Isn’t 225K stock low for IC5 ?
My role is not 'eng' as per FB and our entire team gets super low stock. I got like 50K stock when I got promoted from IC4 to IC5 when Engineers got like 300K for their 4 to 5 promo
Sucks, I’d take the lyft offer
I would take Lyft, they’re IPOing
If you're worried about the commute, I'd look at Lyft's office in Palo Alto, which works on autonomous vehicles. Might not be relevant to the role you're interested in though.
The team sits in SF. So, that's not an option. I wonder if Lyft is planning to expand out of SF
Just not that excited about Lyft personally. I wouldn't do it. Leave for a no brainer, not an offer you have to ask blind to help you answer.
Asked blind to see if anyone who moved from FB to LYFT would share their experience. As long as comp has pre-ipo RSU element, I don't think any offers can be no-brainers.
So you're the gambling type
Take Lyft and move on.
Take Lyft
I have a better offer from lyft, but declined. You should ask more or stay.
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600k per year?
4 year vesting for stock. Edited the post