Evaluate offer: 127k base Upto 30% year end bonus. No equity offered Yoe: 4yrs It's an early stage startup. What's your take on the offer? Does asking for equity make sense? Is it good to rely on whether the 30% bonus will be offered at year end or it's just a lollipop? What factors you should count for that gives you a clue whether the startup gonna sustain or not? And how long it will sustain?
Is this a joke? The whole purpose of joining early is the equity
🙏🏻🙏🏻🙏🏻🙏🏻 exactly my thought..
But, I have seen that startup equity are nothing. Many people on the blind speak about it. Then, do I just need for namesake. What I am gonna get in 1 or 2 year? And just for that sake you won't work with it for 5 years correct?
Do you have a role? Seems not. Why no equity? Assuming you asked? Right? The startup sustaining isnt as important without equity...which, as noted by others, is the largest reason to join a startup (well you do learn a lot, but lottery tickets are great)...
Nope,they didn't offer me, so I didn't ask.
Is it worth asking? Or I ask for more base or how they gonna evaluate bonus? Since in my understanding, if I am not getting money in next 5 years the importance of that equity is 0 and I don't want to work for 5 years or more just with the lure of getting IPO some day. It's just in its seed round, not even started a series A Do u think it can be IPO in 2 years, do u know some examples
What’s the location? Bay Area?
Yup, bay area
You probably won’t end up with much after taxes, rent, and car expenses. And no equity (lottery ticket) is given to you. If you’re at a vest and rest company, it’s better to stay there.
Pass on them.
Never join early stage startup without equity.
Don’t take. Clearly the founders don’t even value your time and opportunity cost you take to work for them.
I would ask them. It's possible there is equity but they just didn't remember to tell you and you haven't asked. A lot of early stage startups have immature hiring processes and it may have just been an oversight. Last startup I worked, someone I hired didn't realize he was getting stock options until he was granted them because he didn't pay close enough attention to his offer paperwork.
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What's your BATNA?
BATNA?
Best alternative to negotiated agreement. What would you do if you didn't work at said startup?