CloudKitchens' graded equity vesting schedule

Question

CloudKitchens has been a very guarded company from its inception. It’s Travis Kalanick’s latest venture, and the goal is to ensure that the press can’t assassinate the company. When you join the company, you have to go “dark”.

To make this oath, CloudKitchens compensates quite competitively. They also encourage a longer term tenure through a unique graded equity vesting schedule with larger vests as you gain tenure:

Y1: 10%

Y2: 20%

Y3: 30%

Y4: 40%

Snap used to implement this vesting schedule back in the day too before switching over to a 3-year evenly spread schedule. Here's an example CloudKitchens offer with this vesting schedule: https://www.levels.fyi/offer/234c5e26-0963-4e29-ae91-3537abeeb100

vroomvroom · Accepted Answer

I used to work there. Vesting schedule is right but it’s not equity grants. It’s LTIPS. And the debate is if Travy will ever buy you out. Maybe SpaceX style employee buy back. Also not so secretive anymore. Otter advertises pretty strongly.

Calculatron99 · Answer

What's the biggest difference between something like this vs. Amazon's vesting schedule of 5/15/40/40? The numbers are a little different but it seems like the idea is the same

Sentient · Answer

I got an offer from CloudKitchens that slightly beat my Meta offer at E5. (Higher base + more equity.) But the slow vesting schedule +LTIPS versus Meta’s schedule (every 3 months, public RSUs) made me choose Meta. I also joined close to Meta stocks’ low-point, so got lucky with timing.

CloudKitchens' graded equity vesting schedule

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