CompensationJun 14, 2018

WeWork offer

I have an offer from wework for senior software engineer. Is this a fair offer? 175 base/ 185k worth of options over 5 years. I have 8 years exp and an MS. Given there valuation, the equity seems low (expected > 400k). Any thoughts?

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Salesforce Oh ana Jun 14, 2018

Equity looks like an insult

Blue apron CWxR36 OP Jun 14, 2018

I agree. Any idea of what would be a good counter? It looks like they are about to do a funding valuing them at 40 billion. That almost makes them as big as uber.

Salesforce Oh ana Jun 14, 2018

Given the stage of the company, for a senior engg, I'd ask for atleast 400 if not more

Facebook Ipzi14 Jun 14, 2018

Lowball.

Google Pppppppl Jun 14, 2018

What problems does WeWork have that say any real estate company doesn’t have?

Facebook otwjfpqgea Jun 14, 2018

why do they need swe? for what?

Microsoft fawlty Jun 14, 2018

To make shiny websites & apps ?

Microsoft GjfG3n Jun 14, 2018

To make mango smoothies for customers :))

Amazon Steel Jun 14, 2018

If you benchmark it with Amazon SDE2 role the TC would be close to 250k including stocks of around 120k. So WeWork needs to pay you close to $2Mn in 5 yrs to be competitive.

Slack rekA16 Jun 15, 2018

I had been recruited for a non-tech role and base was easily 20% lower than any other place I was talking to. Wework is selling you on the equity dream but don’t be a fool since you’re so late to the game there’s almost no upside if they do go public or m&a.

Blue apron CWxR36 OP Jun 15, 2018

Thanks! They actually aren't selling a dream in this case. They are saying that I should not be in it for money. I agree but getting paid market rate is important. I'm surprised there is such an issue with comp given there size, funding, and growth.

Slack rekA16 Jun 15, 2018

Haha. Don’t listen to that nonsense. Check out the CB insights report on wework. Great fair report. They’re highly leverage. It’s a house of cards that can crash.

Facebook Ipzi14 Jun 16, 2018

"They are saying that I should not be in it for money" LOL , what are they in it for ?

Uber Sr. Bae Aug 9, 2018

Word! Don’t ever fall for that shit.. we’re all in it for money. You’ll end up being a disgruntled employee.

Oath Minchi1 Oct 9, 2018

Low balled .

Comcast coolproxy Jan 10, 2019

Are you on h1b?

New
helloK Mar 19, 2019

Even for a midlevel enginner offer I got 150k base with $90k RSUs across 3 years. Location is Salesforce tower in SF. This is a lowball offer.