Stripe Upside - Is it really gone?
Is the upside of joining now pre ipo really gone? Is Stripe considered tier 1? Superior to Twitter?
Yes it's gone. From friends at Stripe, their recent growth has significantly hit their culture and its lost a lot of shine
Could you elaborate more, is it because people turn into rest and vest mode, or something else?
Might as well work at Bloomberg or Netflix for all cash compensation with the majority paid upfront
Yes, the recent comp change makes it a hard pass for TC
Plot twist. Stock will tank after ipo and you guys would be ecstatic
No... If the stock tanks, will gtfo the sinking ship and look for a new job Are you a recruiter by any chance?
Do I look like a recruiter
Honestly, you can just run some projections. Plug twitter’s growth rate with whatever equity you have vs Stripe’s offer (with our new equity format) with some assumed growth rates.
Under the new offer structure, Stripe’s equity barely matters. It’s basically an all cash compensation with a good chunk of it delayed once every year.
Not really. You get quarterly vest after 1st year and it’s just that the number of Rsu’s is calculated at vest time instead of on-hire
yes
Relative to the previous system of “number of shares determined at grant time”, you should expect roughly half as many shares over 4 years (assuming price increases at the same rate as before). So, a more accurate statement would be “Stripe upside probably halved for employees below M4 level (the new RSU policy doesn’t apply to execs, which should give you a hint as to where that lost half is going).
This is definitely not true. Having had a recent exec offer, it is also yearly.
Yes if u mean upside of $$ growth; you no longer capture value gain for each RSU. Stripe is still fun place to work, you get career growth, and comp is competitive with other companies - so there’s plenty of other upside