I am going to interview with them soon enough and need to understand what is a good range. I wish I could give more info but don't want to risk getting blacklisted even before I start..
📉
Lending club still exists?
Run..
For real? Please elaborate a bit
Left foot, right foot. Repeat and increase speed.
As far as i know, most good talents left this company and only one thing they excited about - splitting legacy code by microservices (no technical reasons, just want to divide responsibilities)
Lending Club had a big fallout with their CEO, their stock tanked and they are losing talent at a high rate. It would take a very high cash offer with a shit ton of stock to get me to even think about going there
LC is on the verge of collapse. All talk about growth is complete BS. But if you still want to consider than you can expect $160k Base + 15% Bonus + 200k RSU. If you are really good then ask for joining bonus because you will lose bonus in your current job. I won’t consider anything less than this offer. Join only if you are in dire consequences but remember RSU is worthless as the stock becomes penny stock.
This is utter bullshit. LC is not without challenges but if you can read financial statements I would encourage you do so and see that "penny stock" is not in the cards. LC is in a strong financial position and has an opportunity to be something impactful. Don't take my word for it though, read the financials.
Mind your language...I know why you are frustrated. LC stock started with $22, then fell to $15 in 2015, $8 in 2016 before May and now $6. And in another 2 years it will be penny stock.
Unpopular opinion. Given the fact that lc is sitting on a shit ton of cash. Check sec filings. I doubt it's close to collapsing. Not for the next two years or so.
Wow someone who bases their statements on facts and data. The world needs more of that @trolol, thanks!
Remember Zynga...same stock graph as LC. All that LC cash is from IPO and it is losing $100M a year. All that will evaporate in another 2-3 years with expensive salaries, executive bonuses.
My recommendations, interview at multiple places, meet the people, hear the offers, then go with the best offer! If you are good, there is always something else out there!!! But form your own opinion based on all the information you gather, don't listen to strangers, who frankly do not know jack about Lendingclub! Or unhappy with their life :-)
LendingClub is one of the worst places to work. It is ridden with politics, useless managers, unprofessional engineers. SEC is investing it’s business practices and it will be collapsed in 2-3 years.
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Also do you think it would be a good move?
Whether it's a good move or not depends on what you are looking for. Since you come from PayPal, you know this already, but just to say it - different parts of a company are different. Some groups are fun, doing cool new stuff, some are boring and working with legacy code. Find out what the team you will be working on is like. Find out what they are working on. Interview them as much as they interview you. And make the decision based on what you see.