185k TC at a series B startup?

New / Eng cNNf41
Sep 4 26 Comments

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.

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TOP 26 Comments
  • Uber dkhos_
    No work from home??

    Is this company from 1952??๐Ÿ˜ณ
    Sep 4 2
    • New / Eng cNNf41
      OP
      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.
      Sep 4
    • Amazon gehjbf
      thereโ€™s been a backlash against wfh last decade bc they know youโ€™re not working when at home
      Sep 4
  • Unity crazytime
    Warning that start ups will need you to be there 10-12 hours a day minimum
    Sep 4 5
    • New / Eng cNNf41
      OP
      I knowww, but I guess that's how it is in startups ๐Ÿ˜…๐Ÿ˜…
      Sep 4
    • Unity crazytime
      Iโ€™d say there are better alternatives but some people like the intensity haha!
      Sep 4
    • New / Eng cNNf41
      OP
      To be quite honest with you, I'm slightly underconfident given my previous interview experiences that I can get a better offer. (not coz of my skill set but coz of my interviewing skills - refer to my old post to understand what I'm saying)
      Sep 4
    • Unity crazytime
      If anything you will build a lot of tech and soft skills working like that at a start up you can grind for a year and go elsewhere
      Sep 4
    • New / Eng cNNf41
      OP
      Yes sir
      Sep 4
  • Amazon gehjbf
    ask for more paper money, at least millions
    Sep 4 3
    • New / Eng cNNf41
      OP
      Lool. I have no idea how much people with my experience tend to ask in terms of equity?
      Sep 4
    • Amazon gehjbf
      not just yoe but company situation, it could be worth 0 at a pretty high probability
      Sep 4
    • New / Eng cNNf41
      OP
      I guess I need to figure that out, what their valuation is.
      Sep 4
  • Airbnb fvjTa
    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.
    Sep 4 4
    • New / Eng cNNf41
      OP
      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.
      Sep 4
    • New / Eng cNNf41
      OP
      In terms of work culture, they seem to stress on the point that it's autonomous, open minded and no hierarchy per se.
      Sep 4
    • Airbnb fvjTa
      Whatโ€™s the estimate for value per unit? The difference of that vs the strike price will help estimate the value of the options
      Sep 4
    • New / Eng cNNf41
      OP
      The valuation is around $3 per stock. And they're expecting IPO or acquisition in 2-3 years. And negotiations didn't work out, they're going to stick to the same offer.
      Sep 4
  • Google bubbley
    @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.
    Sep 4 1
    • New / Eng cNNf41
      OP
      Great, thank you for the suggestion. I've been thinking the same.
      Sep 4
  • Amazon maz9
    How many YOE in total?
    Sep 4 1
    • New / Eng cNNf41
      OP
      1.5 yrs in total. 2018 masters grad
      Sep 4
  • Dropbox vpmO82
    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.
    Sep 4 1
    • New / Eng cNNf41
      OP
      I guess in that way it should be flexible from whatever I saw during the on-site.
      Sep 4
  • Facebook dgoV07
    The ban against wfh is a symptom of much bigger problems. Avoid.
    Sep 4 1
    • New / Eng cNNf41
      OP
      Do you think the work culture is not worth the offer?
      Sep 4