Negotiating Startup offer

Uber movingfw
Jan 29 8 Comments

This is indeed asking for a friend.

He got a very good offer from a startup right off the bat.

Details : $135k Base, 40k options
Company is valued around $125M with 0.05% equity. (based on the total outstanding shares)

Now, the offer is pretty good not sure how to ask for more.

Par TC for his experience seems to be around $150k
YoE - 2.5
Any tips on how to ask for more? Don't have much time to get a competing offer.

comments

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TOP 8 Comments
  • Rubrik sadio
    0.5% of 125MM is like 625k. Tell your “friend” that this offer is pretty good.
    Jan 29 5
    • Uber movingfw
      OP
      apologies. After you mentioned 625k, i went back to him and got that it is 0.05 percent :-)
      Jan 29
    • Rubrik xjwntjckw
      Oh man then the offer sucks balls.
      Jan 29
    • Uber movingfw
      OP
      how much did you get when you joined rubrik? if you don't mind disclosing.
      Jan 29
    • Uber movingfw
      OP
      trying to see what is a fair stock options for a series B company.
      Jan 29
    • Rubrik xjwntjckw
      Let’s just say it’s a multiple but not even close to 625k. I guess you have to consider other aspects of the start up too? Based on the info provided your “friend” should probably ask for 30-50% more equity.
      Jan 29
  • DoorDash Tj2Q8mtAI
    Equity around 0.1% seems reasonable for a series B company given the years of experience. At the end of the day, it depends on how desperately they want to hire your friend. Given that first few employees have disproportionate impact on the company, they might be willing to give more equity.
    Jan 29 1
    • Uber movingfw
      OP
      Hmm, makes sense.
      Jan 29