I'm making $110k with equity in a bay area startup. <1 YOE. I've spent just under a year with the company.
Trouble is I really like the company, but I know if I applied elsewhere I could get 150k+
Do approach companies for a raise or will they come to you?
Additionally, I'm thinking I should apply to jobs so I can go to them and ask them for an equivalent TC next quarter.
We're about to raise another round of funding, would this be the right time?
Truth of the matter is that I want this to be a win win scenario for the both of us. I just fear that I'll be anchored to this low salary mark if I stay.
If you're wondering, the company doesn't have a cash flow issue.
- New SuckerborgBad advice from guys working at large companies.
Your company has no cash flow issue which means it’s doing well. It’s also raising the next round.
You can discuss the TC issue with your manager/founder. I think if they are reasonable, they will do the right thing. If not, you can go get an offer and leave.
- TriNet AYwy24I will second the advice to move to a larger company with a higher TC and ride the recession out
- Let me know when it's here.
I don't doubt that growth will slow but this seems like a technical correction more than anything. Not really sure what the catalyst is. China trade could be an issue but that's pretty easy to track and pay attention to - and impact won't be felt in real time.