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I would be extremely apprehensive of equity in Uber. They have huge operating losses and it's unclear that they'll ever be profitable - taxi like services have no economy of scale (the business has been around hundreds of years and no ones figured it out, and it doesn't appear Uber has a solution). They're not planning on going public and won't release their financial statements due to the massive losses - so don't bet on making a fortune from an IPO
Here's more of a perspective on the matter - http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html
Only problem with uber is you're coming in late for a lot of the equity upside. Do you know the value of the equity?
Brah I was a freshman in Undergrad 6 years back
Echo McK1. I would avoid Uber right now. It was the place to be 5 years ago but now you are going to be doing work way below your pay grade and praying for an IPO. The only reason I would consider going there would maybe be to leverage it for a higher level position at a next big startup but in that case you might as well go to LinkedIn or Google and at least make a decent wage
Depends what you want to do with your career. As cliche as it sounds figure out what makes you happy.
Well Uber's got nowhere to go but up so I agree with K1
Uber had a terrible quarter, that being said if someone can do food delivery well, I think it will kill. Post mates has sucked for me, I've never had an order for our team come that wasn't missing 1-3 items. We don't want a damn refund, we want lunch.
How substantial is the pay cut
Uber eats. Equity is what will give you a lot of returns. Pay increases don't really matter until bonuses come into play. At least that's the case at Deloitte. On top of the pay, there is always a need to make way for additional income and this is a great way to make it!
20% pay cut with Uber equity v/s 10% pay increase
Brah you missed the uber equity train by about... 6 years.
When yourejoining this late, even an IPO won't make the equity worthwhile.
Yearly equity can be huge compared to a pay raise. That being said, their business model of paying drivers peanuts and the resulting high turnover and continuing huge losses make it seem risky. Maybe that driverless car will save them!
Will the pay cut change your standard of living in any way or provide any sort of financial hardship? If the answer is no, go for Uber
^There's always risk. Esp. if you believe in efficient markets.
If youre under 30 go for it.
Thankyou for the link MC1
Uber is miserable to work for and eats will die soon
Why is UberEats going to die soon?