Need help understanding coinbase compensation. Question - If I join coinbase in 1st week of june, based on there annual equity grant will I get stocks at the current market price or there February schedule price? Which company should I join based on the current market situation? I have offers from below companies. A. Coinbase: (very much inclined to join based on current stock price) - IC4 Base: 149,500 CAD Joining bonus: 14,950 CAD Stocks: $56,250 USD Recruiter said the compensation is non negotiable, am i getting low balled B. Amazon: SDE - 1 (not inclined to joining) Base: 120,000 CAD Sign on: 50,000 1st Year, 35k 2nd year RSU: 25 Units / 4 years C. Microsoft - L60 (negotiating for L61) Got verbal offer, numbers not given yet. Blind Tax: Current TC: 85K CAD YOE: 2.5 years Based on the above all offers I have I am confused between Microsoft and Coinbase (more inclined to join cb). Which company Should I join based on the current market situation. Edit: Microsoft offer L61 Base: $109,000CAD Stock Options: $7,500 USD per year Joining Bonus: $2,500 CAD
Isn’t coinbase about to go bankrupt?
+1 they legally had to say what will happen with users fund if they go bankrupt. I think in my situation joining coinbase might give good returns given there current stock price. What do you guys think ?
I’m pretty certain that Coinbase is not profitable right now.
With great (expected) returns comes great risk. With the current market situation I'd go with Microsoft if they agree for L61 (IDK much about Canada bands but I think they should be able to give an offer competitive to CoinBase). If they don't agree for L61 then there's no point in down leveling yourself.
When I interviewed with Coinbase last year, they were not using the usual fixed stock grant like other companies (amazon or Microsoft for instance) Whatever amount of stock you get each year is based on the stock price for that year. Aka, there is no advantage if the stock goes up, but there is also no disadvantage if the stock goes down.
If you join before June 20th, you will get July price. The Feb price is for everyone during the refresh period. These questions are so basic. Has everyone stopped reading their offer letters. It has all the details with clear breakdown
Update: Got numbers from Microsoft, edited the post.
Damn that's a huge lowball. Are the ranges really that low in Canada? Can you negotiate based on on CB offer, or is this final?
I am trying to negotiate, but given the numbers they offered I think it is not even worth it to negotiate. I am really disappointed with the Microsoft offer for L61 position.
Being in Canada with 2.5 YOE, you can always go back to other FAANG companies. Going to Coinbase makes more sense with the above stated numbers. You’ve a competitive advantage also, you’ll get to work on some cool stuff. I don’t think Amazon or Microsoft would make you work on latest tech. (It’s all legacy code/ maintenance/ bug fixes)
To those who voted Coinbase, do you have comments after learning the mass layoff today?
You got your "I said so" moment. Hope you can rest well tonight
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I see, thank you :)