Compensation question
I was offered a base of $220k for a startup, but they don't offer equity. I'm currently at a well-known company earning $165k with equity and many other nice benefits. Would leaving my current company for a high base for a startup with no other monetary gains be completely stupid?
I mean first a 33% boost is nice. That being said, I wouldn’t bother going to a start up that isn’t offering equity; the whole purpose of grinding at a startup is the illusion that you’re gonna cash a huge payday
From the posts I've seen on here, the base seems to be pretty low for lots of people working at FAANG...
I really hope most of these people are lying about their TC.
Most people aren’t lying, but completely fail to factor in location. Also everyone likes to use the most optimistic RSU valuation they can find
Many startups do cash only and reserve equity for a small handful of people but cash comp is usually super high. See DoubleClick as an example.
The USPs for startup are equity in the first place. No equity means you’re not a part of the success of the startup to which you contributed through hours of efforts and letting go of a better WLB at some renowned org. Think about it. I don’t see a point in being a part of such a startup.
Yes, whole point of start up is to gamble and hit it big when company gets acquired or IPO. If you just looking for higher salary, go to Google, apple, Facebook, Uber etc. They will match that base without any issues.