DoorDash E4 now has about 2M stocks now. If you do the math, it will be like 500k TC. It is like getting promotion for 1 or 2 level for people in the same level in G and F, from 4 -> 5 or 4 -> 6. So TC-wise, joining these hot stars companies is like getting promotion faster without thinking how to make your boss happy. So will G and F people want to leave for them? I am avoiding Airbnb on purpose because they are way richer than 2 levels above.
There is no point in joining $dash after ipo. They have a temporary bump in the stock price due to covid. Everything is obvious in hindsight. You could have invested 100k in TSLA calls and make millions.
Who knows bro? Uber is coming back also after some trouble.
Is DoorDash still giving 2m in equity to L4 tho? I don't think so.
Are you saying E4 is 2M/yr of stocks? Airbnb is no where close tbh.
I know a person joined as 4 and became 5 right before ipo. He had 3 or 4 million.
I am saying totally for 4 yoe
The hell is "50 TC yoe" supposed to mean?
They meant “Same TC of a 50year old in tech” . The 50 is meant to signify high earning upper mgmt folks who have spent decades in tech industry only to be making similar TC as a 25yo DoorDash E4
Sorry. Corrected.
I wish people would stop obsessing about the wealth they don't have.
Nobody is born with that kinda of money. We chase them and try to have them.
1. Plenty of people are actually born with that kind of money 2. You don't have to chase anything, it's not a requirement in life.
Did you mean new hire E4 can get 2m stock at Doordash now?
Not now. One or two years before IPO.
No point going there now.
OP why not just buy the winning lottery last week?
You need to join at least 2 years before ipo to make Bank. And it needs to be a reasonable and not high current valuation (like it was for uber, for example). Now, even if your company does everything right, you have no idea if the world will go to shit in 2 years destroying your ipo dreams. It can, and did, work out great for some people, but it is not even close to being mainstream
I don’t understand the post. Obv doordash is no longer giving those packages. And everyone knows it’s better to be in a successful ipo than Fb or google. What’s the point?
I mean whether people will consider a C round or even later company if they meet their promotion bottleneck in G or F.
So people would stay as L5 or even L4 for life time.
The question is do you know which company will have such an IPO 3-4 years from now? Everything works in hindsight
Not necessarily preipo. Some mid cap like Square is also looking good.
Even for TC, people may go there.
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I assure you even L6 at G don't get anywhere near 2M stocks. More like L7.5!
I am saying total for 4 years.
Which is about 500k as TC