I recently got an offer from a startup in the bay area for 160 base + 25k stock options (edited). It's a machine learning related position. I haven't yet negotiated the TC yet. They have about 150+ employees and working on an interesting fintech product. I'm also planning to apply and see at FAANG/top ones for ML related positions. They gave me very little time to accept the offer. Other: 7% annual bonus, *no* work from home, unlimited time off after 6 months, etc. Could you please provide some insight into why one would accept or decline the offer? Current TC : 100k Total YoE : 1.5 yrs as a Data Scientist No PhD.
ask for more paper money, at least millions
Lool. I have no idea how much people with my experience tend to ask in terms of equity?
not just yoe but company situation, it could be worth 0 at a pretty high probability
The ban against wfh is a symptom of much bigger problems. Avoid.
Do you think the work culture is not worth the offer?
Plenty startups don't like wfh and I agree. Having said that, there is a difference between not allow wfh vs I have a mid day appt so not gonna come in the morning and leave in 3 hours flexibility.
I guess in that way it should be flexible from whatever I saw during the on-site.
How many YOE in total?
1.5 yrs in total. 2018 masters grad
Warning that start ups will need you to be there 10-12 hours a day minimum
I knowww, but I guess that's how it is in startups 😅😅
I’d say there are better alternatives but some people like the intensity haha!
@185k, and the stage of career you're at, you should take the offer. It's a small difference in tc vis a vis faang, plus you'd get to do some real work. Stay for 2 years, and then move to faang.
Great, thank you for the suggestion. I've been thinking the same.
160k base for 1.5 yoe is great. 25k in options is too little. Would negotiate for at least 100k to make the stock worth giving at least a little bit of a fuck. Preferably 200k in options. How are you calculating the 25k? Is it based on the (est value - strike price)*num units? No WFH is weird and a bit of a concern. Try to gauge if their work culture exhibits uptight, old school BS, glorifying facetime and workaholism etc. If yes, would try to find another company with better culture to match.
I didn't understand it earlier but it's not $25k worth, it's 25000 shares. And I guess the strike price for employees (assuming that's how they say it) is $2. And they apparently have very big names in the industry trying to acquire them in the future.
In terms of work culture, they seem to stress on the point that it's autonomous, open minded and no hierarchy per se.
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No work from home?? Is this company from 1952??😳
I know right, I guess the management wants everyone to be involved in what they're doing. This might be subject to change in the future though.
there’s been a backlash against wfh last decade bc they know you’re not working when at home