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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 ...
talented pistol crackhouse
  07/20/18
https://pastebin.com/CFWWAwcp
odious jet reading party
  07/21/18
Oath because MFH
crystalline multi-colored hall
  07/20/18
gs tmt is literally the most prestigious coverage group in b...
Jet-lagged Dilemma
  07/20/18
CR
insecure pea-brained philosopher-king goal in life
  07/20/18
How big of a compensation cut are we talking about? If he's ...
insecure pea-brained philosopher-king goal in life
  07/20/18
TY
talented pistol crackhouse
  07/21/18
http://www.xoxohth.com/thread.php?thread_id=2874473&foru...
odious jet reading party
  07/21/18
180 breakdown
bronze fragrant turdskin theater
  07/21/18
no problem
insecure pea-brained philosopher-king goal in life
  07/21/18
http://www.xoxohth.com/thread.php?thread_id=2874473&foru...
odious jet reading party
  07/21/18
is this jjc
misunderstood address
  07/21/18
...
Vivacious nibblets private investor
  07/21/18
Stfu jjc
passionate wine house
  07/21/18


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Date: July 20th, 2018 8:21 PM
Author: talented pistol crackhouse

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: odious jet reading party

https://pastebin.com/CFWWAwcp

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



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Date: July 20th, 2018 8:21 PM
Author: crystalline multi-colored hall

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: Jet-lagged Dilemma

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: insecure pea-brained philosopher-king goal in life

CR

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



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Date: July 20th, 2018 9:18 PM
Author: insecure pea-brained philosopher-king goal in life

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: talented pistol crackhouse

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: odious jet reading party

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: bronze fragrant turdskin theater

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: insecure pea-brained philosopher-king goal in life

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: odious jet reading party

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: misunderstood address

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: Vivacious nibblets private investor



(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: passionate wine house

Stfu jjc

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