Base 115k (Raises to 135-140 after title raise in a year) Options 25k Relocation + signing 20k They have 70m in funding. Still in the growth stage with profitability coming in 19 or 20 and IPO around 22. Is this worthwhile for a new grad in the Bay? I'm really just looking for good experience, autonomy and solid pay. I'm really into the company's product and goal. Something in personally interested in and would like to stay a while if the company grows but I'll leave after a year or two if I find better opportunities
As long as it isn’t in SF or NYC, you should be ok.
It's SF
Yeah but no choice
What does 25k options mean? 25k dollars or 25k actual options? We also need to know what the strike price (at least right now) and preferred price of the options are. Base is fine, don’t even worry about relo/signing. In fact I’d even ask them if you can convert signing/relo into equity.
25k actual options and around 2 bucks.
don’t *assume* it’d IPO in 22
I'm not, just echoing words. I may not even be there by then. Do you think it's a solid offer. Nothing else besides some enterprise and consulting companies in med col areas
So they expect to be profitable in 2019-2020...when we expect to be in the depths of recession. What industry? Also have they said how far from profitable they are right now? In a recession investor money will dry up fast.
They were close to making a profit in 2018 despite it not being in the plan. Also, they have some pretty solid data thats unique to the company so at worst they could easily be bought by a large company if they wanted to.
Databricks?
Okay deal. Stay for one year and if no raise just leave. Don’t count on IPO 4 years down the road lol.
Yeah the IPO and title upgrades are things I view as "nice to haves". If no non trivial bump after a year or stagnation then I'll leave within 2 years. Mainly just want to know if it was a fair offer for a new grad in the Bay
this base is standard for new grad in Bay Area
don’t have an answer for you. except that always ignore promise of future raise / future title. that’s a sucker move. personally i’d turn them down just for proposing such an empty promise. that’s a company that enjoys abusing its employees
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“Raises to 135-140 in a year” - if not in offer, this is worthless
Fair enough, not saying I'm counting on it or it's guaranteed but all the other engineers have gotten bumps after a year
Always remember that. Promises mean bullshit.