Senior Software Engineer ( after negotiation) Base: 180 (0-20% variable yearly bonus) Bonus: 40K Stock options: 30K (20,20,30,30) 1. Is this a good offer? 2. Is this a good time to join coupang? 3. How is the company performing? 4. whats the average percentage bonus you will get usually? 5. whats the current internal stock evluation price now? can someone who is working at coupang can answer these question? importantly 4&5 please #coupang Current TC: 210K with current stock price
Don’t know how I feel about Korean companies; spoke to many colleagues/classmates who worked in Korean companies before coming to the states; they never ever want to go back to that shh corporate culture. Amazon aint shhh compared to the crap they put u through apparently. And of course, how in the world are they expecting to compete against Amazon 1 day shipping and same day delivery; probably a buy out target if anything.
Avg bonus last year was between 0 to 5
How is the working culture there? And current stock value?
Last valuation of 9B put the option value around 9 I think. 2019 GMV increased over 60%. 2020 GMV growth target is 50% but somehow we are already *well above* target so far, Koreans people seem to swarm into online purchasing while staying at home due to coronavirus outbreak.
Private company equity where there is no tender offers or secondary markets should be valued at 0 cause that’s what they’re actually worth.
This probably the max offer you will get at the senior level. You might be able to increase the base by 10k more if you go with half the stock options.
Also for bonus they just redid the system so no one knows until late march what they will actually get, but before then, I've haven't seen anyone get higher than 12%. There is a curved ranking that puts 70% of employees in the average band.
That's really up to you. I'm sure the stock will be worth some in the future, but I would bet on being able to liquidize it for at least two years. I'm assuming with that tc, you are a sde2 at Amazon, you might take the title and leverage that in the future. Also know that you will be working in the evening sometimes here no matter what team you are on. Anything worthwhile to work on needs a fair amount of collaboration with the business and engineering teams in Korea.
Can you pls share their initial offer (before negotiations)?
Looking up this thread... What was the bonus
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