Stripe new comp structure - anyone accept?

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Jackyboy

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Jackyboy
Dec 18, 2020 45 Comments

Has anyone actually accepted an offer under Stripes new RSU structure? Can you share any details? Any info on refreshers?

#Stripe #comp #tech #rsu

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 TOP 45 Comments
  • Stripe
    gpSl27

    Go to company page Stripe

    gpSl27
    FWIW it actually boosted the acceptance rate. But I do agree that some top talent might’ve withdrawed before offer.
    Dec 20, 2020 14
  • Stripe
    hijklmnopq

    Go to company page Stripe

    hijklmnopq
    we’ve had several hundred people accept since then and our acceptance rate has gone up. Has someone said above, probably because people who would never accept under this policy either withdrew or never started interviewing with us in the first place.
    Dec 20, 2020 9
    • Stripe
      striper

      Go to company page Stripe

      striper
      hotwheelz, our hiring bar/interview rubrics have not changed. If you view top talent as TC obsessed and reading blind like maniacs then that’s okay. We have had plenty of great engineers still accept our offers.
      Dec 25, 2020
    • “I interview engineers every week, and having done so for years, I haven't noticed a drop or increase in the quality of candidates (when controlling for variance) coming onsite.”

      You actually can’t conclude from that that the change has had negligible effect... at FB candidate quality rose dramatically as we approached our hyped IPO... many great people are highly motivated by TC which doesn’t make them bad people or bad employees. If you’re seeing similar quality as before, it could mean you’re not attracting the cream of the crop that you potentially could be, and you may not even know it. That could be ok though if you’re happy with what you’re getting and retaining existing employees is more important.
      Jan 2, 2021
  • Stripe
    elongnome

    Go to company page Stripe

    elongnome
    New refresh policy is being worked on and will be published sometime next year. So nobody knows yet. Leadership did mention paying for performance and giving larger refreshers to top performers as the direction to go.
    Dec 19, 2020 7
  • Airbnb
    airrocket

    Go to company page Airbnb

    airrocket
    All I'll say is that if that was the RSU structure at Airbnb when I got my offer, no way would I have joined. The whole point of joining pre-IPO is to get X shares at the valuation you join.
    Dec 19, 2020 3
    • Airbnb
      airrocket

      Go to company page Airbnb

      airrocket
      Search stripe RSU and there are multiple posts about it but effectively, you don't get $100k worth of equity at the current valuation when you start work. You get $25k every year converted to RSUs based on the valuation that year. So if valuation doubles, RSUs halved. So much of my upside at airbnb has been from getting my new hire equity grant at 2014 valuation.
      Dec 19, 2020
    • Airbnb
      shazzammer

      Go to company page Airbnb

      shazzammer
      100% @airrocket. Also started in 2014 and that's why I'm rolling in it now. If my RSUs dropped with valuation I might as well have gone to FAANG.
      Dec 20, 2020
  • are we talking about stripe fixing the RSU compensation for 4 years irrespective of what they are valued at?

    whats the rationale stripe is giving for this unusual comp structure? even public companies wont do this
    Dec 19, 2020 1
    • Stripe
      UHQR40

      Go to company page Stripe

      PRE
      ViSenze, Tencent, Telenav
       UHQR40
      The company valuation just grows so fast.

      With the old equity policy, some employees would be easily too complacent cause the initial grant grows so fast.

      Under the new equity policy, top performers might get more equity finally thanks to the generous refresher multiplier.

      Stripe is definitely not a place for rest and vest, I am glad for the changes as a shareholder.
      Dec 21, 2020