i know amazon and snapchat do it. but the company im talking to took a step further.. the vesting only happens at the end of each year, so if I leave at the 47th month, I’d get only 60% rather than ~100%.. would you even consider this offer? they let me trade equity for base as much as I wish, so maybe i’d just take an all cash, or almost all cash offer?
It seems uncommon. In fact, anecdotal evidence from here is that Google is going the other way with a 40/28/20/12 schedule for some offers.
Is this real? Haha not that I know of
Definitely is real. That's how my own offer vested and a couple other posters here have said the same. My cynical interpretation is that they do it to pump up Y1 TC to make the offer look better. It's also not a bad thing to get the equity up front. The downside is that even with refresher, it means four years of declining TC unless stock really outperforms.
All cash offer is a no-brainer if they offer it. A stock in Snap is a stock in Snap. But cash could be any stock, it could even be a stock in Snap.
It's not same. With stocks , u are offered all at the start but u get the last chunk after 4 years. So that can have a good potential to double or triple. But will money, u can't buy 4 years of stocks at a time
No Amazon is even more cruel. 5/15/40/40
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Snapchat is 1/48 every month from first month now afaik. What’s the company?
Came to say this. And vest starts pretty much after your first month, no 1 year cliff for vesting