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Wow they care so much about their employees
You clearly don’t know math
What does this mean?
That the lala land we (tech employees) live in is about to be over
Hmm...I think this actually makes their equity package more appealing than previous policy where they granted fixed lump sums annually. What do you all think? Would you apply now?
How would this make the equity package more appealing? It’s only better if the price dips down while your stock vests and then shoots back up afterwards.
I am talking better relatively to yearly vesting at a lump sum. You get to realize growth in subsequent years (after y1) versus waiting out the lump sum every year. I am not talking about comparisons to fixed RSU or share grant.
Why would someone in right mind join them? By joining them you take more risk than FAANG. But you don’t get compensated for the risk you are taking as upside is limited to 1 year instead of 4.
They have already ipod so they probably don't care now
Great point, but I think it applies more to stripe than Lyft. Lyft is on pretty equal terms with Uber. Stripe is great but feels like square is going to kill them soon, so feels like heavier risk there. Idk much about Stripe but AFAIK, Lyft pays pretty well off the bat.
From the last line of the article, Lyft executives will remain on a 4yr vest schedule
Surprise surprise
You join these companies for the potential crazy growth. With this change you are only leveraged in 1 year worth of rsu. This sucks for companies like this. You got X for the first year. At the end of that year what you got worth let’s say 2X (very reasonable for Stripe). On year 2 you only get Y=~1.2X (if even) instead of having 2X for the rest of the 4 years. Yes, of course it can workout in your favor if the stock goes down, but in that case they could have just given you a larger refresher to compensate. This is taking the ‘Dream’ from employees. I wouldn’t join them anymore. Imagine FB would have done it a year before IPO. Imagine ZOOM did… They already trying to make their board happy. Not a good sign
This is not good. Whole point of getting locked on 4 year vest cycle is you have a chance at a large multiple growth on 4 years (and more if you hold). This provides more close term liquidity but the yearly grant will be smaller and adjusted to that years price. It does protect you from downside, but that’s not why we work on tech. I am all in ;-)
Google having front loaded vesting is also same thing.
I agree. Not a fan of that too. I joined before that got rolled out
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I assume this just means lower initial RSU with potentially higher refreshers? (Eg, $100k year one, $110k year 2, etc, instead of $400k over 4 years with a $40k refresher year one, etc)
Yeah… but the all point is that stocks go up over time. So take your math and assume a 1.5 growth within the first year. You would have gotten 150k on year 2 plus the refresher. And you work for goldman lol
What is with you Facebookers man. Chill the fuck out. No need to roast. I know, and that’s exactly what I brought this up. I’m assuming they give higher refreshers to account for the lack of upside here...