Congratulations to the Twilio team for their successful IPO! It’s going to be interesting, now that Twilio is a publicly traded company, how the talent make-up of Twilio changes and evolves…as well as their compensation packages.
Some of the people and salary trends that we at Paysa have seen with other companies that go public:
Tech Talent Evolution – from pre IPO to Post IPO
- Existing top tech talent will slowly migrate away to other opportunities. We think of top talent as Twilio’s high risk/high reward employees. They have been instrumental in Twilio’s success, and likely made some good money and many will want to go on the exciting adventure of building another valuable/impactful company again. Twilio will need to find ways to keep this top talent – from increasing their salaries, working on interesting & impactful projects, and limiting the organizational red tape.
- If Twilio’s stock continues to do well (GO TWILIO!), acquiring new top talent will get easier, though these will be folks who are more risk averse than those who typically work at startups. Often times that means that the pace of innovation will slow.
- Compensation Packages will evolve to include more perks & better benefits. Further, the compensation mix between base salary, annual bonus, sign-on, and equity will change as there is no risk/valuation discount to the equity – its already liquid.
- Team chemistry between the HAVE’s & the HAVE NOT’s (those employees that have pre-ipo equity and have made lots of money and those that come in post ipo). This can be a major cause of internal disruption and needs to be managed carefully.
Thought you would appreciate some insights into the company from the technical people standpoint – as it stands today. I wonder if and how it will change in the future.
Looking at how well Twilio pays its tech talent today, for TOTAL salary, Twilio ranks #61 in Paysa’s Salary Rank (this would include base salary, bonus, sign-on, and equity) and when looking at how competitive Twilio’s base salary is, they rank #21 in Salary Rank.
In terms of the density of the tech talent at Twilio, the tech talent team is pretty good, coming in at a rank of #224 among all companies – far below the top companies like Uber, AirBnB, Google, and Facebook…but not too shabby. You can see visit Paysa’s Company Rank page for yourself and compare Twilio with other companies and see how they fare.
Below is a snapshot of Twilio’s salaries, as well as the current flow of talent – what companies Twilio’s been hiring from as well as where Twilio employees have been going. Lots more to see in various tabs, like the Gender and Ethnicity make-up of Twilio, as well as Universities that Twilio hires from.
Now that Twilio has gone public, much of these stats are going to change over time. Its up to the Twilio management team to ensure that they effectively manage the change in a positive direction. Congratulations again to Twilio and good luck on managing the team through this next phase! It’s all about the people!
Author: Chris Bolte