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What job should my banker friend take?

He's a VP at Goldman Sachs TMT banking in NYC. He likes the ...
Ruby Principal's Office Rigor
  07/20/18
https://pastebin.com/CFWWAwcp
Domesticated center
  07/21/18
Oath because MFH
Cerise menage digit ratio
  07/20/18
gs tmt is literally the most prestigious coverage group in b...
Racy tanning salon
  07/20/18
CR
godawful electric forum ratface
  07/20/18
How big of a compensation cut are we talking about? If he's ...
godawful electric forum ratface
  07/20/18
TY
Ruby Principal's Office Rigor
  07/21/18
http://www.xoxohth.com/thread.php?thread_id=2874473&foru...
Domesticated center
  07/21/18
180 breakdown
floppy area philosopher-king
  07/21/18
no problem
godawful electric forum ratface
  07/21/18
http://www.xoxohth.com/thread.php?thread_id=2874473&foru...
Domesticated center
  07/21/18
is this jjc
Nudist aphrodisiac brethren
  07/21/18
...
High-end Henna Mexican Idiot
  07/21/18
Stfu jjc
concupiscible pearl university
  07/21/18


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Date: July 20th, 2018 8:21 PM
Author: Ruby Principal's Office Rigor

He's a VP at Goldman Sachs TMT banking in NYC. He likes the job, and the comp is great, but the hours are wearing him down, so he interviewed for more chill corp dev jobs and got the following offers. He didn't tell me numbers but said that all of them will pay less than what he's making now.

Lyft (SF)

Dropbox (SF)

Netflix (LA)

Snapchat (LA)

Uptake (Chicago)

Oath (NYC)

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36468381)



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Date: July 21st, 2018 12:37 AM
Author: Domesticated center

https://pastebin.com/CFWWAwcp

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469317)



Reply Favorite

Date: July 20th, 2018 8:21 PM
Author: Cerise menage digit ratio

Oath because MFH

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36468384)



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Date: July 20th, 2018 8:29 PM
Author: Racy tanning salon

gs tmt is literally the most prestigious coverage group in banking by a mile. i’m confident he’s got better sources to ask for counsel than xoxo. these are different businesses so it probably turns on the nature of his experience, interests and how he sees the landscape for media going forward.

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36468431)



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Date: July 20th, 2018 10:07 PM
Author: godawful electric forum ratface

CR

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36468802)



Reply Favorite

Date: July 20th, 2018 9:18 PM
Author: godawful electric forum ratface

How big of a compensation cut are we talking about? If he's a VP at GS TMT, his total comp is probably $400-$700K, depending on his seniority and performance.

Lyft and Uptake are both private companies, although Lyft is a late stage and Uptake is early stage. I'm pretty sure the latter provides options while the former provides RSUs (yes, they are different). I think Uptake is an interesting company, but joining an early stage startup is always risky. Lyft is OK, but I'm not a big fan of their business model or the ridesharing industry in general. It's an industry that has low barriers to entry and no competitive moat. And there is nothing about Lyft that distinguishes it from Uber, aside from the lack of corporate scandals.

Dropbox comp and perks are great, but cloud computing is a highly commoditized business, and they haven't figured out how to extract more revenue from individual users. Currently, the bulk of their revenue is from corporate accounts.

Snapchat is in a sick location in Venice. Their RSU vesting schedule is fucked up though (10%/20%/30%/40%). I think Snap's biggest competitive advantage is its strong hold with young users, who now use Snap as their primary social media app rather than Facebook. The active rate and engagement metrics are pretty high, so Snap needs to figure out how to translate that into higher retention and ARPU (Average Revenue Per User) while controlling their server costs.

I'm a huge fan of Netflix. Love their content. But the dramatically increasing content costs (2019 will be $13 billion vs $8 billion this year), competitive pressures from Disney, are concerning. Also, while they give very high salaries, they don't provide RSUs to employees. They do give incentivized options where employees can purchase at a discount from the strike price.

Oath seems TTT. It's Verizon's subsidiary that includes Yahoo and AOL.



(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36468646)



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Date: July 21st, 2018 12:36 AM
Author: Ruby Principal's Office Rigor

TY

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469309)



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Date: July 21st, 2018 12:39 AM
Author: Domesticated center

http://www.xoxohth.com/thread.php?thread_id=2874473&forum_id=2

https://pastebin.com/CFWWAwcp

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469322)



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Date: July 21st, 2018 12:38 AM
Author: floppy area philosopher-king

180 breakdown

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469319)



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Date: July 21st, 2018 6:08 PM
Author: godawful electric forum ratface

no problem

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36472249)



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Date: July 21st, 2018 12:38 AM
Author: Domesticated center

http://www.xoxohth.com/thread.php?thread_id=2874473&forum_id=2

https://pastebin.com/CFWWAwcp

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469320)



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Date: July 21st, 2018 12:40 AM
Author: Nudist aphrodisiac brethren

is this jjc

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469332)



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Date: July 21st, 2018 12:42 AM
Author: High-end Henna Mexican Idiot



(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36469339)



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Date: July 21st, 2018 6:13 PM
Author: concupiscible pearl university

Stfu jjc

(http://www.autoadmit.com/thread.php?thread_id=4031326&forum_id=2#36472264)