Series D start up based in Palo Alto. This is the final number after negotiation. Position - Sr. DS Base - $170k Stock options - 25k / 4 yrs (strike price $2, stock value $4, company valuation - $1B) Sign on - $10k Relocation - $10k Other benefits - insurance paid by company but not fully, commuter benefits. I'm confident on their product and have indirectly worked with their competitors and customers. Onsite went well, CEO has good plan for next 5 years that resonates with my interest. I expect the company will not go to IPO with in next 5 years. Do I miss anything important? This is the first time I received offer from start up. Any info is appreciated. TC: 120 (East coast) Yoe - 3+
Seems OK except that equity is crap
Yeah, the company would need to hit 20b valuation for the equity to just break even what you get from large companies
Just wonder if the “relocation 10k” needs to be returned if quoting after a few months?
Yes, including sign on bonus upon termination within a year
No bonus?
No bonus
Repayment of sign on bonus is not enforceable in California
Any performance based bonus? Is the health insurance good? Overall, the base is probably average for senior DS, maybe slightly low but not by much. Stock seems average for a typical series D startup, but I wouldn’t put much weight into that. Overall seems like a typical offer, except the fact that there’s no performance based bonus, which I’ve had at every company as a DS.
There is no performance based bonus but their health insurance is good. I'm wondering does start up offer performance based bonus. Can we expect in start-up ? Could you provide some more info?
I joined a series D startup years back. As a DS (not senior) I received a 10% bonus based on company performance vs target each quarter. When I was promoted to senior DS I got 15%. My next job at another series D startup as a manager I had 20%. Startups typically pay more variable income (bonus and stocks). What industry is this? Bonus is very common in ad tech for example.