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#newgrad #snapchat #roblox #offer #losangeles #bayarea #softwareengineer #salary #jobs I just received an offer from Snap and Roblox. The team at Snap would be based in LA/Seattle, while the team at Roblox would be in San Mateo. The total compensation is similar: the stock for Snap is 160k (3 yrs), and for Roblox is 200k (4 yrs). The total compensation (including bonus and stock) for Roblox is 10k - 20k higher than the one at Snap. I need to choose between these two offers, and I have several concerns: 1. The total compensation is similar, but I feel like Roblox is gonna have a much higher stock price, given its rapid growth this year. So the total compensation at Roblox might be much higher than at Snap. 2. The team at Snap is iOS, while the team at Roblox is content & safety (which probably would do much machine learning stuff). I feel like the iOS team has a more important role for the company, and I personally prefer building apps, so I prefer the team at Snap. 3. I am actually not sure about this point, but is Snap a bigger brand than Roblox? I am not familiar with Roblox before, but after much research I feel like it's also very popular. Would choosing Snap over Roblox make my resume look better? Any advice would be really appreciated. I love both these companies and it is such an honor to receive the offers from them. Thanks! Update: It would be even better if you could please leave some comments on why you prefer one to the other. Really appreciated!
Why its 3year stock ?
The company changed its vesting policy earlier this year
Is it better for 3 yrs?
^
Snapchat is a bigger name and will look better on the resume. But as a company they've been around for a while, IPO'd over 3 years ago. They are still losing millions (~$200million last quarter), but they have good growth numbers. That said, their stock just popped to an all time high, higher than IPO price. All that was based off good growth numbers last quarter, despite still not having turned a profit. If you join Snap chances are that stock price is going to drop soon and your offer is going to deflate significantly. Roblox just filed for IPO, still losing money, but many are expecting it to possibly double in price after IPO. Without a question your potential upside is much higher with a just-about-to-IPO company with a promising trajectory, than at Snap 3 years after IPO, still losing $200mil a quarter, stock priced at an all time high. Given that, I'd say: resume - Snap financial upside potential - Roblox Consider the teams offered though. At this point you should optimize for learning/growth more than anything.
This is a fantastic answer! Thanks so much! I guess I would choose Snap over Roblox primarily because of its team. Really appreciate your detailed answer!
If you're starting in July or after, the stock will most likely have been stabilized for snap since there will have been 2 earnings reports after the recent one that bumped up our price. Since Roblox is ipoing soon, I'm also anticipating a great ipo but it'll also be at an all time high if not dropping by July and after.
Roblox's target audience is much younger than that of Snap. When you think of monetizing users, there's a strong correlation between their average age and ARPU. If you don't care about the business, choose whatever problem space turns you on (ML is overhyped but still hot).
Fair point, but it is largely parents that fund the kids accounts. So average age (parents) would be higher than Snap users? My kids and their friends are on Roblox all the time and use their allowance money on the platform.
For those of you who has never dealt with Roblox, let me explain how RBLX equity compensation work Roblox historically uses stock's target price far out in the future to calculate your stock comp, so your 200K equity is really worth 40K at present valuation. Their upside is limited and you are taking on all the risks for uncertainties. I know Roblox is growing 60% year over year, but your equity is so low that it's not going to make you rich. Snap's stock is highly liquid with huge upside. We are still growing at 50% year over year and your stock vests monthly. So if you want to, you can sell SNAP immediately for cash and sleep like a baby. Roblox's recruiting team is lying to you, it's not 200K, it's merely 40K. Yep, they are assuming 5X growth in stock price, so with that you should treat Snap's offer as 800K. Good luck my friend, see you in LA :)
Roblox will soon see negative growth from July.
It depends what you’re looking for and your priorities. Both companies have its advantages and disadvantages. DM me if you wanna find out more
Create a poll but LA > Bay Area
Thanks! I am gonna make it a poll
LA is crap right now