I've an offer from PhonePe Base 60 L, JB 10 L, RB 10 L, 100k usd Esops for 4 years (25k vest end of first year, rest per month) Offered compensation - 80 L excluding Esops I also want to know - are Esops even worth anything? Would I get any benefit out of it? Current compensation Level T24 Base 32.75 L, Bonus 3.2 L, 14 L RSU Tc - 50 L YOE - 7 Should I leave a brand like PayPal and shift to PhonePe which is still a startup. PhonePe reviews on Glassdoor are quite impressive. Seems like an employee friendly company. #swe #engineering #phonepe #paypal #amazon #microsoft #google #flipkart
ESOPs are not the same as RSUs, aren’t they?
Apparently, no. That's why I've mentioned these separately.
I've doubts in Esops Do these even increase or decrease? When can I encash them and what happens when the company goes for an IPO?
1) they increase and decrease based on valuation change. Valuation changes in VC funding ; post IPO; or during acquisition. 2) you can encash if the company arranges buyback program for x% of your ESOPs. 3) post ipo, based on valuation your ESOPs will be worth and can be traded publicly. [ However some companies have 1 year period where you can't sell till 1 year .. not much sure about how this works ]
Thanks for the information. You must have also received Esops from Flipkart. Have you encashed them? Or have they increased in valuation?
Phonepe has good chance( i am not saying 100%) to go to IPO I believe. But their offer is big jump from you current tc even excluding ESOPs. Personally, I feel Phonepe as better brand compared to PayPal.
1. PhonePe is a better brand than PayPal. 2. And the offered TC is 60% more than your current, even after excluding ESOPs. Also, with PhonePe doing so well there are high chances of a successful IPO so those ESOP’s might be worth a lot. What are you waiting for? Unless you’re in interviews with another company, I’d say take it.
Where is phone pe based out of? Bangalore or Remote?
Bangalore. No remote.
RB will be for 2nd year?
Did you make the move? How is your experience working at Phonepe in comparison to PayPal
Personal Finance
9h
841
Just broke 500k NW today
Tech Industry
Yesterday
2473
Woman’s offer rescinded due to pregnancy
Working Parents
Yesterday
1370
Newborn born today, already struggling with sleep
India
Yesterday
671
Modi is a curse on India and will bankrupt the country
Tech Industry
Yesterday
2452
Airbnb Hire to Fire 🔥🔥🔥 🔥
Paypal is not that good of a brand. The TC diff is high enough.
You believe I should move to PhonePe?
Yes, unless you have/can have better offers.