Got offers from Databricks and Facebook as E6. Facebook: 500K. 210K. 20%. 900K. 100K. Hasn't negotiated yet. But I think it can go to 550K. Databricks: 420K if using their latest valuation at 6.2B. Cash / stock break down is around half to half. (Sorry that I can't provide further breakdown, for privacy reason). Databricks recruiter is trying to convince me that their offer is stronger than Facebook's because Databricks valuation has great potential to grow (2-4X in 2-3 years). Is it a fair offer, especially in the coronavirus time? If I would like to negotiate, could I know what's a reasonable band, and what strategy should I use? Thank you! Current TC: ~420K. T6. 10 YOE. #startup #databricks #facebook #offer
Why would you take a lower offer with higher risk and paper money? FB is better especially with a looking correction. Also count refreshers in comp
Thanks! Agreed.
FB easily
Paper will always dilute after every round and due to IPO. Then you get to sell during the worst quarter ever once lockup expires. Databricks if you don't care to be liquid for at least a year after IPO and you somehow think that FB won't comp you more immediately.
Facebook, without a doubt. 1% probability of Databricks valuation will grow more than that, 99% chance that their valuation will sink
What did it take to get to T6? If you stay in your domain I feel you can get to E7 fairly soon.
Track record of leading teams to deliver, with bigger and bigger scope. Eventually I got promoted to T6. Usually how long does it take in FB to go from 6 to 7? Thanks!
Welcome to Facebook!
That E6 offer is so low...You can easily get 100k+ more even without competing offers... AlsoI are you down leveled at Databricks? That looks like a L5 offer. One guy in another thread got $460k as L5. How do you calculate RSU?
500k is the initial offer from Facebook. I am confident that I can negotiate it into 550k. 600k may be a stretch because I am not in Bay area. I am offered as L6 from Databricks. Recruiter told me my interview performance was strong. I valued their RSU as $42 (based on their lastest fund raise). Is it reasonable? How much do you think I should target for? Thanks!
I think you need to value it even lower because $42 is preferred price, that comes with all benefits like liquidity preference. You get common shares which are worth lower.
My 2 cents: you are getting a lot of bad advice in this thread. Databricks is doing exceptionally well and the growth shows that it will continue to do so despite the current economic situation. Facebook will be impacted by the economic situation - majority of their revenue is still from ads, although they are diversifying. If you’re looking to optimize your earnings over the next few years then join Databricks. Pm me and I can explain why.
What did you choose buddy?
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this is how you are going to choose.
Facebook has a better deal. Go with them ! Looking at current US economy situation that's the best way to go.
What if I can ask Databricks to raise to 600K (paper money still)? Is the potential gain worth the risk?
No buddy. I would rather say if you are able to make Databricks increase to 600K use that offer to increase FB offer to 600K n still join FB. I understand that Databricks is doing well now. Even we use Databricks n Spark a lot for all streaming work but look at the economy n the bear market. Paper money is instability in the current economy. I would say be safe n choose FB now. You can always go back to Databricks in a few years when the market is bright n shining.