Stripe’s New Offer policy on RSU
Stripe made a big change in offer policy: rather than giving a four-year initial rsu grant, they give you a fixed dollar amount stock when every year ends at the value at the time. This is very different from other companies. People joins such a company for its growth while Stripe intentionally caps it. Why? There could be two reasons I can think of: 1. saving cost — isn’t the company doing well financially? 2. Culture wise, the Leadership don’t think they need to compete with other top companies for top eng talent. Either way this is not a good sign —- Seems only Lyft and Walmart are doing the same thing... What do you think? #google #stripe #facebook #Airbnb #robinhood #databricks #uber
This is the Amazon model. They peg it to the $ cost instead of a fixed number of shares. When the stock valuation is growing, this allows the company to limit ownership.
But the $ cost is divided into equivalent shares upfront or every year? At Amazon?
E.g. if someone gets $600K total over 4 years, if that is converted to equivalent shares upfront, that would be 200 shares at $3000 each. Vesting over 4 years. If it is $150K worth each year, then if the stock goes up to $6000 by the 4th year, you will get much less than 200 shares overall
Same as netflix, they are paying you cash in a way. And it anyway does not matter since company is not public.
Definitely not the same as Netflix given that you can allocate any % of your netflix salary to options. In fact, netflix gives you 5% of your salary in free options.
Also, $ tied up in a private illiquid asset is not the same as free $ which you can allocate as you wish.
Same as Netflix. They give fixed $amount and you can buy stock with it.
This isn’t the same as Netflix because you at least have the ability to participate in upside by allocating a % of your salary to options. Plus Netflix stock is publicly traded so you can purchase on the open market if you like. Flat out: Netflix model is done in the interest of providing employees with freedom and responsibility. Stripe is capping the upside.
This is really not the same
Does Stripe have refreshers?
+1. is vesting capped on refreshers too?
This is separate to annual stock refresh grants.
Err what is stripe?
Hipster fintech
Thats rich coming from Linkedin
any link？if that’s true, just rule out one interview target for me. I heard the hiring bar dropped significantly since 2019 anyway due to aggressive hiring
The other post got deleted I think in which someone mentioned they got the kind of offer that OP is describing
While we did hire a lot in 2019, I don't feel like the hiring bar dropped. Some of the best engineers on my team were hired last year.
It’s the end of ultra high tech TC.
When did this change?
I'm not sure if I got this right. So now they will offer for example 200k worth of stocks which is 50k per year for 4 years. How much ever high the stock is, you will get only $50k worth of stocks every year? Is this right?
WTF!!