been asked about this a few times so putting what I know in one place. I interviewed with Robinhood for a senior PM role earlier this year and got to the offer stage. also have second-hand data from a PM at a former company who joined them last year.
senior PM (their roughly equivalent to PM2/PM3 at bigger companies):
my offer: $180k base. equity was framed as a $400k total grant over 4 years. no performance cliff that I noticed in the grant terms, standard 1yr cliff on vest. signing bonus: $20k offered, didn't negotiate it. total year-one cash if you include signing: $200k.
second data point (a former colleague, joined ~10 months ago):
her offer was: $172k base, similar equity range ($380-420k grant depending on stock price at grant time). she said the equity number was quoted as a dollar value, not shares, which I've seen other growth-stage public companies do too.
what's the PM compensation like vs. similar companies:
honesly, it's solid for a company at this stage. not FAANG (Meta PM comp at the same level is higher) but better than most sub-unicorn fintech startups. think Chime or Current-tier comp, maybe slightly above.
where the offer feels light: no real bonus structure. growth companies often say "we might do bonuses" but it's not in writing. the stock is public and has had some volatility. if you're comparing to pre-IPO startup offers with lottery-ticket equity, the upside math is very different.
negotiate what: base has some room. I got $5k by asking once. equity more room. I didn't push hard enough in hindsight. if you have a competing PM offer, use it. signing bonus: ask for it. they don't always volunteer it.
PM interview process is a separate post but drop questions below if anyone wants that breakdown.