Compensation

Compensation

New / Engno-profile
Dec 6

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.

comments

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  • Amazon / Engsmsn sns
    Don't be in small pound during upcoming recession.
    Dec 61
    • New 0hedge
      Don't be in a pound of any size ever. They are for dogs.
      Dec 6
  • Bad 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.
    Dec 60
  • LinkedIn / Eng
    goldbug

    LinkedInEng

    PRE
    Google
    BIO
    Full time coder and part time gold dealer.
    goldbugmore
    Get another offer and leave. That is what I did.
    Dec 60
  • TriNet AYwy24
    I will second the advice to move to a larger company with a higher TC and ride the recession out
    Dec 64
    • Wayfair addA30
      I'm sorry... Recession?
      Dec 6
    • Apple Thelodhu
      Recession is coming...
      Dec 6
    • Wayfair addA30
      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.
      Dec 6
    • Apple Thelodhu
      Sure. I'll let you know as soon as it comes
      Dec 7
  • Facebook public2
    Rofl, they will never come to you
    Dec 60
  • Microsoft / Eng
    KingWrynn

    MicrosoftEng

    PRE
    Expedia
    KingWrynnmore
    Don’t bother asking for a raise. Just leave for another company
    Dec 60

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