Grab Potential
Uber is close to IPO and looking around I see Grab with a lot of potential I.e with their foray into payments space. Looks like they might have potential to go 3-4x in next 3-4 yrs. Going to think about interviewing there. Am I missing something about them? TC: 350k (E5)
You are not missing anything. It is a very good opportunity.
Grab is currently valued at 14 bn. 3-4x would be 42-56 bn. That’s like half of Uber being in a market far smaller than a market Uber is at. I’m doubtful.
I'm guessing his comment about the payments space went over your head. Grab and Uber are not entirely in the same business. And the market Grab is in is growing much faster.
I could be wrong but SE Asia won’t be anything close to NA, LatAm and EU together where Uber has a lead. How much valuation would you like to add to its payment arm?
Gotta grab that opportunity, amirite
What does Uber close to IPO have to do with anything
TC estimates would be more precise
Just that Uber is not going to give the 3-4x boost. Heard grab pays decently well and with the boost, that would be a big bump
Interviewed at Grab, got an offer. But I wouldn’t leave FB for Grab unless either I already can enjoy FI or I don’t care about money.
Did you take it? FB is stressing me out with low WLB and it’s getting political. I do not see myself getting to M2 level easily (that’s roughly the pay where I want to be at)
What's the M2 level salary at FB? Is it the E7 level?
Are willing to take a liquid paycut for that possibility?
Risk vs. reward. Got to do it at some point
You can read the part related to Grab in this - https://techcrunch.com/2019/04/11/uber-global-exits-billions/
But the valuation will keep increasing until it probably hits 20 or 25b but might pause after that
From the article: Indeed, the Uber filing notes a clause in the deal that would allow the U.S. firm to sell “all or a portion of its investment back to Grab for cash” if the company hasn’t gone public by March 25, 2023, five years after the deal.
SE Asia is pretty poor. How do people expect incomes to rise? Is it going to be developing white collar industries?
Not really but it is about usage. Wechat payment sky rocketed as folks changed the way they exchange money. Similarly, imagine if Grab allows you to have a card to pay for all Grab related services. Instead of using cash every time, one can use the card
Where did you get the idea that Grab is close to IPO? 😆
Not close but in next 3-4 yrs. I don’t think I have said anywhere that they are close to IPO. Being at Grab, how do you feel?
You said it in your main post, but i know what you mean. The culture is toxic and highly political. I’ll be leaving next month. It really depends on a team you join. Overall, it’s a huge mess. It’s growing too fast and many things are out of control. I wouldn’t leave Facebook for Grab for sure.
Which office, SG or SEA?
Seattle