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There is a year lockout of Uber employees after an IPO. Source: ex Uber employee.

• marioestrada 9y ago
  If you quit during that time can you sell?
  • mikeokner 9y ago
    I think the same rules apply. You can exercise but you'll owe taxes and can't sell any shares to cover the tax.
  • lhorie 9y ago
    I don't know details on stock options, but for RSUs, my understanding is that it works like this: your signing bonus and part of yearly perf bonus is in equity. Signing bonus matures in four years, incrementally. 25% vests at the end of 1st year, the rest vests incrementally by month. Perf bonus vests in 1 yr. Once a RSU vests, it's yours. If you leave the company before a RSU vests, you lose it. At IPO, RSUs get converted into stocks, however, there's a restriction that you can't sell them for 1 year from the IPO date. Tax obligation is handled by subtracting a portion of the units, rather than by paying out-of-pocket.
  • influx 9y ago
    No, you have to wait the year.
• sockgrant 9y ago
  How's the eng culture?
  • influx 9y ago
    They hired too many, too fast. When I was there, the whole thing was chaos. Instead of using a cloud provider, they are building basic infrastructure because engineers have to do something. Beyond the obvious HR issues that Susan Fowler exposed, it was a bad place to work for almost any engineer. I would stay far away if you get an offer there.
    • olivermarks 9y ago
      I just submitted this FT piece on Fowler https://www.ft.com/content/b4bc2a68-dc4f-11e7-a039-c64b1c09b482 https://www.ft.com/content/b4bc2a68-dc4f-11e7-a039-c64b1c09b...
    • lhorie 9y ago
      > Instead of using a cloud provider As I understand, we tried using AWS to power key infrastructure but ran into scalability/cost issues. We still use 3rd providers for various things but my understanding is that a lot of this eng work is to reduce the costs incurred from these services. I do agree though, as a new hire, that the culture here is quite a bit on the NIH side, compared to a more traditional software shop.
      • influx 9y ago
        I probably can't say a lot due to NDA, but does it make sense to you that AWS or Google Cloud can't scale to the level of Uber, such that Uber has to build their own datacenters and write their own Lambda equivalent? Further, does it make sense that you'd rather buy hardware up front to scale for Halloween and New Years instead of being able to dynamically surge your infrastructure?
        • mlazos 9y ago
          Does it make sense that managing your own hardware and data center is extraordinarily expensive? Why do you think public cloud providers are so popular? I don’t buy your scalability argument either. Netflix has about 100m users and moved from having their own data centers to AWS and is extremely profitable. Uber has 40m. Given they might have different requirements for a system it might make sense but if scalability is the main reason, that is a bad excuse to undertake a huge infra investment.
          • influx 9y ago
            I think we are violently agreeing :)
          • 9y ago
  • jdavis703 9y ago
    I had a technical phone screen there. The idea was to build some web frontend against a RESTFul service. I finished it in about 15 minutes, out of the 60 minutes that had been set aside. The fact that the entry test was that easy was a turn off, especially considering the interviewer seemed surprised at how fast I finished. But then my (white male) interviewer wanted to spend the left over 45 minutes talking about how diverse Uber was blah blah blah and that they were just unfairly represented in the press. I decided not to follow up after that. Hopefully their culture improves, but it's not somewhere I'd consider working currently.
• rockinghigh 9y ago
  The lockout conditions are 6 months after IPO and one year after vesting.