Hey Blind, I’m thinking of doing a Stripe internship next summer but am a bit worried about how RSUs will work out if I decide to join full-time. I graduate in ‘22 (current junior). Is there less of an upside to doing the internship and then joining Stripe in 2022? I’m thinking in terms of the IPO (I’m assuming it will happen by then and I’ll be a bit late to the game). In general, are there downsides to potentially joining a company that is newly post-IPO? If I’m aiming to take a full-time return offer wherever I intern, would Stripe be less worth joining at that point? With these things in mind, would it be better to take a Facebook return offer and just aim for one of their (frankly insane) new grad offers? Would also be open to DMs! Struggling a lot with this decision right now (and both offer deadlines are quickly approaching). Thank you! #stripe #facebook
I would love to have this struggle.
Are you already at Facebook as an intern?
Yeah I interned last summer.
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My 2 cents. This is not the time to worry about stock upside and how much money you can make quickly. You've got ample time and opportunities for that. Try to focus on learnings and growth! To answer your question, stripe has capped stock every year so the upside is much less now. It'll be even lesser 2 years from now. But stripe is a great place to learn so definitely go for it!
Thanks for the advice! Could you elaborate on capped stock and what that means 2 years down the line?
That means you get a fixed $ amount every year. The units are calculated every year. So even if the stock goes up or down, you'll get fixed amount. So no upside potential anymore