Cloudkitchen offer
Help evaluate ck/city storage systems offer base: 175k equity: 400k (@ their new 15B valuation. avg over 4 years actual vest is 10/20/30/40) But the equity are actually granted at ~12B valuation, so technically the equity is only ~300k. So TC would only be 475k at the value they are granting the equity. Am i greedy thinking this is a bit low? would only be 5% increase over my current... and i want to feel like the blind heroes getting 100% TC increases... appreciate some inputs. Current TC: 450k YOE: 9 #Cloudkitchens #equity #startup
Risk is very high.
There is no more any risk already.
Why say so ? They have a Long way to go public
Isnât it founded by ex uber ceo/founder?
it is.
OP - what is the total equity given to you? How is your new TC 475k?
$1.2M @ the 12b valuation
I think thatâs a great offer. From what I can tell, it is more than 90% of our offers recently
This compay wonât go anywhere for at least 7-8 years, do you want to stay that long?
If thatâs the case, no one would have joined (including me). Obviously we know something you donât ;)
Yes theyâll do well as theyâve lots of money to gamble
Whatâs your title? I think for your YOE, equity and salary can be higher
employees who joined in the previous 3 years of Ubers IPOs didnât make anything. Keep that in mind. Also the cloud kitchen idea is way worse than Uber
IMO CloudKitchens is a very high margin business. CloudKitchens is just one of several verticals the company is operating. Non-employees have no idea what we are up to.
oh wow... would've thought those that joined uber 3 years before IPO would have at least seen some upside, even with the stock going below IPO price..
Pretty weird vesting schedule I think
Backloaded equity is a risk, but ensures the company is building for the future Nice to not to have to worry about spaghetti code but those who are planning on vesting a year and leaving :)
All this given some other companies are offering frontloaded vesting. Seems like Travis wants to keep the employees who no longer want to stay.
Your math is wrong regarding the equity.
how so?
300 at 12B is not 400 at 15B. Itâs more like 375.
Also the core idea is already copied by âLocal Kitchensâ
If you think so, you guys clearly donât know what the company is doing.
Well i am sure youâre doing something great if youâre an insider, after all youâve lots of cash to burn
I am interviewing at cloudkitchens next week, I have also heard that they lowball people and I'm a bit worried about it. The 15 B evaluation makes me really skeptical oh, I really don't think that they're actually worth that much
If you knew the numbers we know internally, youâd think CK is undervalued
I'm interviewing in 2 weeks. Will see how it goes