Crunch base shows a funding round G from 2016 valued the company at $59B. So this means Uber appreciates 25% whereas Nasdaq appreciates about 60% since then. Did I read it correctly? I also saw a similar pattern for Pinterest. So it's better off joining an average performing public company instead of these hot pre-IPO companies if the same total compensation is offered. Did I miss something?
Agree with OP. Risks of working for a startup, whether early stage or very late stage just doesn't seem worth it
What do you mean? It's better to join post IPO?
No you did not miss a thing
You got it. Just keep working 9-5 and you’ll make more than everyone else
You read it wrong. The valuation change is from dilution. The actual share price is down by 10% in the last 3 years
Uber bought Careem at $55 Careemers got creamed.
PreIPO companies tend to offer more, so it may be the same
20% more on paper is likely. Not 70% more in this case if to make up the difference. I think people favor pre-ipo companies for growth. But it's not rewarding in this case.
My offer was 20% better than Facebook's right out the gate. After negotiation and growth in the past couple of years, the difference is up to 30% now.
No UBER did not even appreciate 25%. Instead our share price dropped from 48 to 45 tomorrow due to dilution
Stock price dropped. They just diluted
Yes, you are right. We are screwed, compared to ppl with $500k all in qqq since 2015.
Feel the same.