Currently IC5 PM at FB London, 8 YOE, TC $220 (plus all the free stuff) Been offered PM Director role at 1,000 employee London FinTech startup - $150 salary, no bonus, share options which (if the company exits/IPOs at goal price in 3 years) will be worth ~$850k Other considerations: - I’ve just had my first kid, and will likely have more in the next few years. FB gives 4 months full pay paternity leave, which is amazing. - I’ve worked at a bunch of startups before, none have worked out as i had hoped (in terms of share options becoming liquid), so perhaps I’m not the best judge of startup potential... Opinions welcome!
I guess your base salary is higher at the startup otherwise you wouldnt even consider it. Share will shrink after 4 years so not a bad idea for long term.
Base salary at the startup is lower ($150k), but long-term payoff potentially higher
Definitely stay at FB. Startups are way overrated and I wouldn't recommend my worst enemy to join one, unless it's their startup.
How many children do you plan to have?
Definitely 1 more, probably 2 more
Ignore goal price. Use price on last funding round.
Your shares are worth 1/10th of what they tell you. Assume each start up has a 90% of no exit opps.
Are you looking for role growth or stability? Are there PM Director opportunities at FB for growth in the immediate future?
I’d stay with FB if you’re looking to have more kids soon. It only gets harder to balance time with more kids. And startups are less forgiving on schedule. Plus like they said you can’t expect anything on that price. How much is it worth at current funding round? You should only worry about present value.
I'd choose FB based on job security. I just had a friend of mine be let go of a startup because they run out of capital, now he is kinda desperate looking for work - you don't want to be in his shoes, especially with a kid