well_negotiator
Joined 10 years ago
Joined 10 years ago
Not posting this to brag. I'd like to increase awareness among engineers to negotiate.
I can show you my W-2 at the end of this year.
And yeah, with a big hype from VCs and investors tweeting about startupX, Y, Z, engineers get fooled and join a startup and work for 4 years and later figure out it was a bad idea.
It's a very bad idea to join a startup for money unless you know the founders really well who have a track record of selling themselves to Google/Facebook/Oracle/MSFT.
Offers i had got, Uber, Airbnb, Snapchat, Google, Robinhood, Netflix, Salesforce, Affirm, An investment bank in NYC, Two stealth startup in SF.
In Facebook, it's very common for one high perfoming engineer getting discretionary equity of 1M+ if you do re-defines or create a meaningful impact.
I'm sorry i'm not going for any startup soon as it's hard for employees to make money now. People join startups thinking they are going to do 10X. But investors give equity to startup engineers at 4X inflated valuation. So outcome is probably 2.5x with very high risk.
You do exceptional performance at google/facebook/uber and get noticed by your director and he throws 1M worth RSUS on you in next review cycle. Do it twice and there goes `rest and vest`.
The worst part is if you think this is the best offer for the years of experience, then you're totally mistaken :D
I have my friends who just got offers in Airbnb who are getting paid 180k in salary and ~600K in stocks which is basically $330k/year.
My other friend who is senior engineer with 5 year experience is compensated around 500k/year.
I have similar experience and i recently did a job switch with around 11 competing offers and negotiated well more than the previous number. I negotiated with every offer except snapchat whom didn't move their needle but their offer was good not the best.
If you're really good, you can easily negotiate up to 400k/year real money(cash + stocks).
- Googler/Fb employee with 4 year work experience here.
I work in product company with high profits in billions. It's common for new grad engineers who join as L3 and become L5 in 3-5 years in all the above companies.