DoorDash removing 1-year cliff for equity grants

Post by School-Cotton » Thu, Jul 08, 2021, 3:07 AM UTC

brutus1213 wrote: post #170

spotman wrote: post #159

Earlier quoted context omitted.

Not really true. Have achieved multiple companies removing the 1 year cliff for me.

The one year cliff is not that problematic to me since I would expect I am getting paid market, and the options are like a hiring bonus (which you often must return if you quit within a year). What am I missing? Is people really worried that a startup whose stock has risen will fire a productive employee? That said, I have seen 5 year vesting (which seemed like a red flag to me), and have heard of Amazon's schedule w…

Post by School-Cotton » Thu, Jul 08, 2021, 3:19 AM UTC

fridif wrote: post #109

MattGaiser wrote: post #96

Earlier quoted context omitted.

There are a surprising number of people who graduate CS/CE without writing any meaningful amount of code. To me a decent junior should be able to build a basic Hacker News. There are a lot out there who have never done so much as make a web page with more than copy/pasted Jquery and expect to get jobs.

>"To me a decent junior should be able to build a basic Hacker News" In what time period? With what features? With what non functional requirements? Show me a senior who can! I have a better test for evaluating anyone's skills: Write a function that puts Strings in an array. Then write another function that goes searching for a string in an array. Write a unit test to confirm your code is working. Explain what happen…

    fn put_string(array: &mut Vec, input: String) {
        array.push(input)
    }
    
    fn find_string(array: &[String], input: &str) -> Option {
        for i in 0..array.len() {
            if &array[i] == input {
                return Some(i);
            }
        }
        None
        // or perhaps more idiomatically:
        // array.iter().position(|s| s.as_str() == input)
    }

    #[test]
    fn test_find_string() {
        let mut array = vec![];
        put_string(&mut array, “foo”.to_string());
        put_string(&mut array, “bar”.to_string());
        assert_eq!(find_string(&array, “foo”), Some(0));
        assert_eq!(find_string(&array, “bar”), Some(1));
        assert_eq!(find_string(&array, “quux”), None);
    }

Post by asdfasgasdgasdg » Thu, Jul 08, 2021, 3:21 AM UTC

tedmiston wrote: post #212

kerng wrote: post #141

This is good progress. Just two months ago I declined an offer from a known and well funded startup because of a one year cliff on equity. The recruiter didn't seem to be able to discuss this matter and I asked them to make sure to bubble this sort of thing up their food chain. I never heard back afterwards. As an "old timer" in the industry a one year cliff makes absolutely no sense to me. Its like working for credi…

A 1-year cliff / 4-year vest has been standard as long as I remember. Is this not the case anymore?

Post by jamiequint » Thu, Jul 08, 2021, 3:25 AM UTC

spotman wrote: post #159

jamiequint wrote: post #158

Earlier quoted context omitted.

"I declined an offer from a known and well funded startup because of a one year cliff on equity" You might as well not bother interviewing at any startups if this is a deal-breaker for you. Whether you think it's fair or not this is an extremely standard term and no company is going to alter their employee stock grants on a one-off basis.

Not really true. Have achieved multiple companies removing the 1 year cliff for me.

Post by kerng » Thu, Jul 08, 2021, 3:34 AM UTC

Cerium wrote: post #210

throwaway09223 wrote: post #172

Earlier quoted context omitted.

Sure, but if you're depending on the cliff for retention you're working against your own interests: Employees will leave the 53rd week, just after you've spent all that effort training them within your environment. Long term retention hinges on long term adequate compensation and long term quality environments. There's no need for cliffs.

Sure, there is no need for a cliff, but if you are attracting the right talent with adequate compensation (that keeps up with market changes!) the cliff does not matter.