Current TC: 250K YoE: 2.5 Current Level: E4 I'm debating jumping ship to join a late stage pre-IPO startup (haven't started interviewing yet, but narrowed down a list of promising companies w/ competitive comp). My main dilemma is analyzing the tradeoffs between jumping now, jumping after E5 promo, or just not jumping for the foreseeable future. For the sake of argument, let's say I'm trying to optimize for TC. If I jump now, then it's low likelihood that I'll be hired as a senior Eng given my YoE. But, I'll get the upside of the stock value going up. Not sure if this is worth it since I'd probably get to ~360K-380K with my E5 promo (versus maybe 450-500K most likely depending on which company I join and how their IPO goes, maybe more, maybe less?). For context, I would not join a very very early stage startup, but more like one that's hit a Series C or D already. I could wait till after my E5 promo (most likely after 2021H2, but small chance in 2021H1 if I haul ass), but given my YoE at switching would be 3-3.5 years, not sure how likely it is they'd hire me as a senior Eng? Concerns here: - would rather not down level - are there still going to be really hot companies (the likes of what Airbnb/Snap/Pinterest/DD were a few years ago) in a year's time? To avoid rambling I'll ask this: given where I am in my career, is switching to a Series C/D late-stage pre-IPO company worth the potential stock upside, or would I be within ±100K/year anyway by just staying at FB. FWIW, I like my team and manager, and have a decent understanding of the space that our team works in. #facebook
You are in a shitty position. Ideally wait for 4+ yoe to get senior elsewhere. Promo is a really bad option. More work for marginally more money. You need to change jobs to get in at top of the band and avoid promo but get good ratings.
depends on the pre-ipo company duh. All you can do is estimate the risk. If you believe in the pre-ipo company then it could be worthwhile. Facebook will always be there (even after it is broken up)
Could you share your list of companies 😀
If you are good at Facebook, stay there. It is not worth jumping around for 100K pre tax money. It is approx 60K to 70K after tax.
Current unicorns are caught up in the massive tech bubble. There’s upside but there’s also a lot of downside. You shouldn’t only be asking yourself of whether it’s worth it to earn $100k/year more from upside but also would you be okay with earning $100k/year less worst case.