Nextdoor offer

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EBDg53

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EBDg53
May 1, 2021 17 Comments

What's the level of frontline EM at Nextdoor? Is it L5?

What offer can I expect? Recruiter said I can expect around $205k in base and around 30 to 50k in options (latest strike price) over 4 years.

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TOP 17 Comments
  • L5 maps to a Senior Manager or M3 internally.

    Here is some math based on 40k grant for simplicity:
    Considering current secondary market price ~43 and strike price ~13, you can expect a net gain of $30 per share
    That offer is a strong offer. Enjoy
    May 2, 2021 1
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      djsksmd

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      djsksmd
      Thanks. It looks like it's gonna be L4 then. Not sure if they're going to match my current TC
      May 2, 2021
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    Mr.Pichai

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    Mr.Pichai
    Is that $30-50k USD in options annually ? If so fairly bad for Nextdoor. I was offered 45k USD worth annually as a mid-level SWE a few years ago.
    May 1, 2021 6
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      EBDg53

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      EBDg53
      OP
      Thanks. How's the M ladder? EM, Senior EM, Director, head of engineering? I didn't see any directors on LinkedIn so I think Head of Engineering maps to D1 or D2?
      May 1, 2021
    • Our titles are flat. We only have engineer lead, which translates to any level of EM. Then we have head of eng. but I think among EM there are diff levels but not public.
      May 1, 2021
  • 50k options is great if it's against the latest strike price. If it's against the preferred price or secondary market price then maybe not.
    May 1, 2021 3
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      EBDg53

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      EBDg53
      OP
      I don't think it'll be 50k options. Based on the recruiter, that'd be upper-end. They're basing the price on the secondary market ($40+). Grant value = Options * (secondary market - strike price)
      May 1, 2021
    • I think the formula is reasonable (similar in other places) but you should always discount it by some factor, but you can already determine the value that’s my point. You will also believe the upside, maybe 2x or 3x in a few years, right?
      May 1, 2021
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    SandOfTime

    Go to company page Facebook

    SandOfTime
    Starting EM maps to senior IC, the next level maps to staff IC, next maps to senior staff, then director. TC and YOE?
    May 2, 2021 1
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      djsksmd

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      djsksmd
      Don't know the new TC yet. My current TC is $590k. 11+ yoe
      May 2, 2021
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    mapsguy

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    mapsguy
    OP, can you share any details about the EM interview at nextdoor? Coding round? how many system design interviews? how much emphasis on leadership skill interviews? And what was the timeline like from application to offer? Congrats!
    May 5, 2021 0