(All in CAD) Accidentally deleted post last time instead of editing lol. Removed exact values to keep anonymous. Just under 2 YOE, Masters Degree Stripe L2 (remote) Base $200 Equity $100/yr Sign on $30 TC $300 Google L4 (hybrid) Base $125 Equity $100/yr Sign on $30 TC $225 Nuro (hybrid) Base $170 Equity $100 TC $270 - Not including sign on in TC - Stripe has # RSUs granted by taking the share price value of the year of the best as the divisor, this limits upside - Nuro has no sign on - Google has front loaded vesting This is after one round of negotiation with each to try to match Stripe. Thoughts? #google #stripe #nuro #canada
Stripe has pip culture so I’d make the decision based on that fact
Do they?
I at least read about numerous times.
Why is Stripe still on the list? Their equity policy is atrocious. It completely removes the upside
I see this a lot but never seen an explanation. Could you elaborate?
Sure. When you get an offer from most tech companies it includes RSUs. The RSUs are initially described to you in an offer letter like $400k stock vested over four years. At some point, like your first day, that $400k in dollars gets converted into RSUs. To keep number simple lets imagine on your first day the stock price is $1000. So your $400k gets converted into 400 RSU that vest over four years. What happens is the value of the stock usually goes up. So year 1 you get 25% of the 400 RSU which is 100 RSUs. Let’s say the stock value went up 25% to $1250. Then your 100 RSUs are now valued at $125k instead of $100k. Lets say the stock goes up another 20% when your next 100 RSUs vest at the end of year 2. Then your 200 units of stock you were initially granted are now worth a total of $300k instead of the original $200k. Basically you’re given RSUs and their value can increase which is good for you. The way Stripe works is they promise you a certain dollar amount in stock a year. Something like $100k in stock a year. So if the stock price goes up by 25% then you get way less stock units. It essentially caps the upside to the dollar amount instead of giving you X units and letting their value grow which is good for you. An example would be, let’s say their stock is $100 and you’re given $100k grant and let’s imagine the value goes up to $125. Then the following year instead of being given 1000 RSUs (100k / $100) you are given 800 RSUs (100k / $125). If the stock price goes up to $200 then the year after that you’re only given 500 RSUs. And so on. I hope that made sense you can look up other things to get a better picture of what i’m trying to describe here
Amazon is right. But you can’t say there’s 0 upside in the stripe RSU policy. If the market crash, it gives some guarantee, you’re gaining your value back. On the flip side, A good example is Robinhood, if you joined pre-ipo, how much have you lost?
Hi congrats on your offers! Would you mind sharing your prep for coding and sys. design? Were most of your coding questions medium difficulty? Thank you in advance.
CLRS, Leetcode, Grokking the system design— pretty standard stuff. Having real world experience with distributed systems is the best way to do well during system design questions tbh, there’s no real replacement.
Why google still in this list, even with 50K+ payment shortage
Unsure how refreshers will make up the gap in Y3+, the team will arguably have the best wlb too (no on-call)
Prestige bucks of course