CompensationNov 7, 2018
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Uber vs Airbnb offer comparison

I’m deciding between Uber and Airbnb for my next role. Both offers are for first line managers (EM2 at Uber and M1 at Airbnb). I have 10 years of experience with 3 as a manager. Here are the latest offer numbers: Uber: 215k base, 75k sign-on (over 2 years), 1.2 mil in RSUs (based on preferred stock price at 72b valuation), 30k target annual bonus, 140k target annual RSU refresher. Airbnb: 250k base, 90k sign-on, 1.3 mil in RSUs (based on preferred stock price at 31b valuation), 25% target annual bonus (comes to around 63k), 250k target annual RSU refresher. Assuming roles at both companies are exciting for me, how would you compare the offers? Also looking for insights around company culture, product execution (have heard Airbnb had some challenges there recently), likely performance after IPO or anything else that you think will be useful. Thanks!

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Airbnb InfraHack Nov 7, 2018

Doesn’t our offer beat Uber at every level?

Facebook Pills Nov 7, 2018

Uber will IPO in 2019, making their comp more liquid and better than AirBnB.

Facebook VULp21 OP Nov 7, 2018

It does. Looking at future stock growth and learning opportunities as well. I’m not too much of a product person.

Netflix Lovers Nov 7, 2018

I hear there is a big exodus from Airbnb going on. We’ve been getting a lot of applications from them.

Capital One 1soe Nov 7, 2018

One office location (like SF only) or across multiple locations? Was thinking of applying.

Facebook VULp21 OP Nov 7, 2018

I've heard that too. Do you know what might be causing it?

Microsoft The PFJ Nov 7, 2018

Neither

Facebook VULp21 OP Nov 7, 2018

Could you please elaborate?

New
uhYr23 Nov 7, 2018

Current TC?

Facebook VULp21 OP Nov 7, 2018

Around 480k

Facebook Pills Nov 7, 2018

E6?

Uber YRUHere Nov 7, 2018

Airbnb base looks pretty good.

Bloomberg $ROPE Nov 7, 2018

That Airbnb offer is pretty damn spicy. My Uber offer (last week) was granted at ~60B valuation, you sure about 76?

Facebook VULp21 OP Nov 7, 2018

I converted it to the preferred price based value for better comparison. The offer was actually at the 60b valuation.

Uber YRUHere Nov 7, 2018

Doesn't matter as the offer is in units.

Bloomberg $ROPE Nov 7, 2018

You're definitely welcome to DM me, I pinged my friend about your offer.

Facebook VULp21 OP Nov 7, 2018

Just did

Uber Testtile Nov 7, 2018

Are you E6?

Facebook VULp21 OP Nov 7, 2018

It maps to 5b at Uber (EM2 is the equivalent to 5b on management track)

Uber Testtile Nov 7, 2018

Which level does airbnb m1 map to?

Facebook VULp21 OP Nov 7, 2018

It maps to 5b at Uber (EM2 is the equivalent to 5b on management track)

Oath Xxccx Nov 7, 2018

Uber just hired a new CFO in August after 3 years of not having one which is a great sign for their ipo. Airbnb does not currently have a CFO as theirs left in February of this year. Airbnb will not ipo without a CFO. That said if I was a gambling man I would say the chance of both companies being public within 5 years is very high. With the long term mentality (not just thinking one or 2 years out) I think Airbnb's offer comes out ahead.

Facebook VULp21 OP Nov 7, 2018

Yeah those are great points. Do you the ceiling for growth is higher for Airbnb? They have regulation and competition to slow them down as well.

Oath Xxccx Nov 7, 2018

Uber has lots of competition too. Lyft/waymo/cruise. Many car companies are working on self driving tech and investing billions. It's a race right now Airbnb also has competition (mostly booking.com I think) and regulation is a challenge. That said airbnb is already profitable while Uber is bleeding money year after year. You could always stick it out at airbnb for a couple of years and see if they get a cfo in that time. If they do and it looks like he/she is moving the company toward ipo, then hang around. Otherwise hop again in late 2020 or 2021 I have heard that many people at airbnb have shares that will be expiring in 2020. So unless their plan is to fuck those people over (which I doubt) they will have to either ipo or do a share buy back or something by the end of 2020. Airbnb at this point is offering yearly bonuses and allowing folks to take 25% of their rsu refresh as cash while they wait for ipo. I would expect these types of cash incentives to continue until the ipo which will make the liquid from airbnb in the meantime much better than Uber on top of your solid base. There are still many different avenues for growth with both companies. Uber has freight and eats while airbnb has trips and experiences. Your offer at the 31b valuation for airbnb has significant upside. Many public reports (e.g. Morning star) say that airbnb is worth more like 40-60b today. Another thing to consider is the culture at airbnb seems really nice. Wlb will likely be decent. Airbnb also has better food and a solid 401k match, and mega backdoor Roth, while I don't think Uber has any 401k match.