Wednesday, March 18, 2020

Offer Letter breakdowns from Lyft ($420k), FB ($380k), Twitch ($275k), and more

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What is Salary Stream? A digest of verified salaries sent weekly. Users upload Offer Letters, W2s, etc. We extract the relevant numbers and the share the anonymous data back with you.

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Software Engineer Offers

Lyft

$420k

Total / Year

$200k

Base

17,000 Shares

$190k

Stock

$30k

Bonus

Lyft

Palo Alto, CA - Sep '19

T5

Level

0

Yrs At Comp.

9

Yrs Exp.

Facebook

$380k

Total / Year

$200k

Base

2,855 Shares

$150k

Stock

$30k

Bonus

Facebook

Seattle, WA - Feb '20

E5

Level

0

Yrs At Comp.

7

Yrs Exp.

Analysis

This Facebook E5 salary is for Seattle, WA. One interesting fact to note is that Facebook pays the same ranges for each level across all US locations (meaning you'd receive the same salary in their HQ Menlo Park as in Seattle or Austin). In addition to this offer, Facebook offers a 15% performance bonus annually.

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Twitch

$275k

Total / Year

$172k

Base

113 Shares

$9k

Stock

$94k

Bonus

Twitch

San Francisco, CA - Jan '19

L5

Level

0

Yrs At Comp.

5

Yrs Exp.

Analysis

Twitch is owned by Amazon and thus employees recieve Amazon shares. Vesting schedules (Backvesting: 5%, 15%, 40%, 40%), compensation and leveling mirror Amazon's.

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Google

$330k

Total / Year

$173k

Base

GSU

$127k

Stock

$30k

Bonus

Google

Boston, MA - Mar '19

L5

Level

6

Yrs At Comp.

9

Yrs Exp.

Analysis

Cost-of-living is Boston is 33% lower than San Franciso. This individual's compensation is on par with Google's Bay Area compensation making it especially attractive. Bonus target for L5 at Google is 15% though this individual fared better than the target implying they are a high performer.

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Startup

$198k

Total / Year

$160k

Base

RSU

$18k

Stock

$20k

Bonus

Startup

501-1000 Employees
New York, NY - Jun '19

Software Engineer

Level

0.5

Yrs At Comp.

2

Yrs Exp.

Analysis

Series B startup based out of New York. This offer was for a Female individual. Startup issued RSU's even though they are not public. Note that because it is a startup, the shares cannot be sold on the public market and valuation may be volatile leading to dilution of shares.

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