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"Because our standard offers are world-class, we are officially eliminating negotiations on salary and equity from our recruiting process." Lol. Their chief-of
by akomtu 6y ago
"Because our standard offers are world-class, we are officially eliminating negotiations on salary and equity from our recruiting process."
Lol. Their chief-of-something has declared themselves exempt from market forces. The Great Market Defeater.
- kookiekrak 6y agoThey have some of the worst offers for a company of their size. They rely on your "passion" for crypto to underpay and hire naive engineers.
- akomtu 6y agoOh, that explains it. They should also offer subsidized housing then, because their employees will quickly figure that the non-negotiation policy doesn't work on the housing market.
- agumonkey 6y agoThis would explain the network lag.
- acchow 6y agoWhere are you getting this? If you joined Coinbase in January, your equity was granted at an $8bn valuation. Today it’s at $56bn for a quick 7x in 5 months.
- tsycho 6y agoHow are you getting the $8bn number[1]? In any case, that's moot. Because if you join now (after they are making this change), your equity is being valued at ~$60bnm so the upside is significantly lower. [1] If that's from the valuation at last funding round, then that's being disingenuous since no one thought that they are worth 8b then, and I would be surprised if they were offering equity at the valuation.
- acchow 6y agoFrom a friend who joined Coinbase. Also, see comments in https://us.teamblind.com/s/rh0DJajS https://us.teamblind.com/s/rh0DJajS