I had two offers on the table at the same time in early 2026 and it took me longer to decide than I expected. Sharing the actual math and reasoning because I couldn't find good decision frameworks when I was going through it.
The two offers
DoorDash: L5 SWE, San Francisco. Base $230k, target bonus 15% ($34.5k), RSUs $350k over 4 years with a 1-year cliff, sign-on $30k. Total comp year 1 approximately $321k factoring in half the sign-on on day 30, rest on day 180 (their typical split).
The competing offer: a company I'll call BigCo (genuinely can't say more without doxxing myself). L6 equivalent, also SF. Base $255k, bonus 20% ($51k), RSUs $480k over 4 years, sign-on $25k. Year 1 total approximately $394k.
Pure comp: BigCo wins by roughly $70k year one. Over four years if both RSU grants vest at grant price and both hit target bonus: BigCo $1.52M vs DoorDash $1.26M. That's a $260k difference.
Why I almost didn't take the obvious choice
RSU volatility. DoorDash stock has had a rough ride. The $350k grant is based on today's price. If the stock drops 40% over the vesting period, that number shrinks to $210k. BigCo is a more established stock with less variance. So the actual expected value of DoorDash's equity is arguably lower than face value.
DoorDash's grant refresh practice also matters. They're known for being variable on refresh grants vs. more predictable at BigCo.
What I actually weighed
Team, role, and growth trajectory ended up mattering more than I wanted them to. The DoorDash role was technically more interesting to me. Direct impact, smaller team, more surface area. BigCo was a more specialized role on a 200+ person org.
I took DoorDash. Two months in, I don't regret it. But the pure math clearly favored BigCo, and if my situation were different (need stability, less risk tolerance, close to buying a home), I'd have taken BigCo without much deliberation.
Key decision variables worth listing out: current financial runway, risk tolerance on equity, how much the specific team matters to you, and whether you've actually tried to negotiate both offers against each other. Most people don't. I got the DoorDash sign-on bumped from $20k to $30k just by mentioning the competing offer amount.