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Stripe faces $3.5B tax bill as employees' shares expire

bloomberg.com

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Re: Stripe faces $3.5B tax bill as employees' shares expire

#391

Post by bradleyjg »

pcthrowaway wrote: post #390
bradleyjg wrote: post #383

Earlier quoted context omitted.

Just so I understand correctly, levels.fyi is saying that a Google L5 offer in a HCOL city is around $200k/$100k/$30k right now. If we are very conservative and value the RSUs at 75% that’s still $305k total. Are you saying the cash component of post series A offer should be competitive with $200k, $230k, $305k, or $330k?

I don't know why you didn't just look it up, you were right there. Stripe pays about the same as google if you just consider base+bonus, much more if you consider stock. Of course it's not a fair comparison because google stock is liquid

We aren’t talking about stripe, we are talking about just post series A companies.

The question is whether it is a no brainer to work for such a company because you get a competitive offer plus lottery tickets.

My sense is that this isn’t true. The claim of competitiveness is setting to zero the value of liquid google RSUs. But I’m open to being corrected.

Re: Stripe faces $3.5B tax bill as employees' shares expire

#392

Post by zamnos »

pcthrowaway wrote: post #390
bradleyjg wrote: post #383

Earlier quoted context omitted.

Just so I understand correctly, levels.fyi is saying that a Google L5 offer in a HCOL city is around $200k/$100k/$30k right now. If we are very conservative and value the RSUs at 75% that’s still $305k total. Are you saying the cash component of post series A offer should be competitive with $200k, $230k, $305k, or $330k?

I don't know why you didn't just look it up, you were right there. Stripe pays about the same as google if you just consider base+bonus, much more if you consider stock. Of course it's not a fair comparison because google stock is liquid

So to answer bradleyjg's question, you're saying $230k. Which is $100k less than the total Google compensation of $330k.

Re: Stripe faces $3.5B tax bill as employees' shares expire

#393

Post by tsunamifury »

notyourwork wrote: post #347
tsunamifury wrote: post #227

Earlier quoted context omitted.

I dunno if I’d be so sure of yourself if I were you.

In what way? 10 years of engineering shouldn’t instill some confidence in my skill set?

Skill has nothing to do with layoffs.

Re: Stripe faces $3.5B tax bill as employees' shares expire

#394

Post by sopooneo »

mytailorisrich wrote: post #243
sopooneo wrote: post #197

Earlier quoted context omitted.

One thing I've never understood about this: why on earth aren't there financial products specifically for people in this situation? Especially around Silicon Valley? Bankish Corp floats you the tax bill at some mutually beneficial interest rate, and in return gets a signed repayment guarantee for when you can actually cash out?

You mean a loan? I think banks do that ;)

You're right, I guess it would just be a loan with interest rate and terms fit for the risk. But I wonder if the financially rational terms might fall afoul of usury regulations or something. So I wondered if the lender would have to structure it other than a simple "loan" to get around that.

But I'm deeply ignorant of that world so may be making this much more complicated than it actually is.

Re: Stripe faces $3.5B tax bill as employees' shares expire

#395

Post by notyourwork »

tsunamifury wrote: post #393
notyourwork wrote: post #347

Earlier quoted context omitted.

In what way? 10 years of engineering shouldn’t instill some confidence in my skill set?

Skill has nothing to do with layoffs.

Skill doesn’t but choosing what parts of a global conglomerate you chose to work in does. Going to build the newest AWS service that will change th world, maybe you will see a layoff, maybe you fail, maybe you succeed. Going to work in a core money printing factory for your business like Google ads, layoffs are less likely. GOing to work on HR/recruiting software to help your company hire more people, you sure as shit will see layoffs coming your way.

Not all roles in these big companies are viewed as equal when it comes to how leadership views the value your team/department/org plays within the companies bigger picture. Be business smart, not just engineering smart and layoffs likely don’t come your way.

Further this with being non-financially illiterate, save money, don’t live beyond your means, treat your stock RSUs as bonus income and life will start to look a lot different.

Re: Stripe faces $3.5B tax bill as employees' shares expire

#396

Post by tsunamifury »

notyourwork wrote: post #395
tsunamifury wrote: post #393

Earlier quoted context omitted.

Skill has nothing to do with layoffs.

Skill doesn’t but choosing what parts of a global conglomerate you chose to work in does. Going to build the newest AWS service that will change th world, maybe you will see a layoff, maybe you fail, maybe you succeed. Going to work in a core money printing factory for your business like Google ads, layoffs are less likely. GOing to work on HR/recruiting software to help your company hire more people, you sure as shi…

So be a drone. I mean it works until it doesn’t. I wouldn’t be so confident.
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