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PSA - The recent Dropbox AMA was a sham. OP was lying on multiple answers.

4 of Michael's comments in this thread · View thread on Reddit ↗

u/michaelnovati replied ·
RE: COMPENSATION $240K could be possible if the person got a very high performance rating or was promoted after a year to IC2: [https://www.levels.fyi/companies/dropbox/salaries/software-engineer/levels/ic1](https://www.levels.fyi/companies/dropbox/salaries/software-engineer/levels/ic1) FAANG companies have stock compensation and bonuses that can multiple up to 10X so that's not actually that impossible, but it would be like a top 5% performer situation, or a top 20% who got promoted in a year.

u/KingOfLucis wrote (the comment Michael replied to):

They claimed that they were still an IC1 when I asked. 240k is definitely doable at IC2, but even with a high performance rating they would not get 240k a year. If they were that high performing then they would already be a 2 by now.

u/michaelnovati replied ·
I agree that someone who maxed out bonuses at IC1 would probably be promoted to IC2 yeah

u/Other-Camp109 wrote (the comment Michael replied to):

Dropbox stock is up about 35% since this person got their offer. Makes it more plausible.

u/michaelnovati replied ·
People tend to miscalculate their TCs yeah, like TC !== W2. FB stock went up just over 100X while I was there and the W2 does not match the TC at the time of grant.

u/goodnewss1 wrote (the comment Michael replied to):

What do you mean multiple up to 10x? I doubt ML engineers are coming out of bootcamps so hard to see the bootcampers getting the top IC1 range

u/michaelnovati replied ·
OP can speak more to Dropbox's bonus structure and exactly what's possible. At Meta if you are a top 5% performer, your bonus would be 3X, your equity refresher would be 3X and you might get additional equity grants. If your base is $130K and you bonus targt is $19.5K and your equit y refresher target is $50K (over 4 years), then with this performance you would get a $58.5K cash bonus and $150K (over 4 years extra equity but that would be IN FUTURE YEARS), and initial grant of $40K a year = $228.5K TC in first year plus maybe a $15K signing bonus is $243.5K This is Facebook from 5 years ago. The starting bases are now around $150K so all of this would go up by 15%.