Offer evaluation
Current TC: ~$360k Got an offer from a pre-IPO company: $310k base 125k stock options, valued at ~$850k Company is doing well, market leaders in their space. Profitable, 25% y/y growth and over $100M in revenue. target exit in 2-3 years.
Depends on your situation. Are you willing to bet and risk -50K in TC for a chance to become rich? At the end, either you will never be able to sell your paper stocks, or you will go back to Google or other companies.
50k per year difference is not that much if you're thinking long term. I would more focus on the role. Is this a level up for you? Are you going to learn new skills? I think a startup gives a lot of freedom to experiment - this is especially true for product people. You'll be a few steps closer to your users and learn faster by making more mistakes. In terms of money, you never know. But TBH I would not have a high hope. Also depends on how long have you been at Google.
Level up, yes. New skills and new product area for me. Will be working closely with exec team. Been at Google a little over 4 years.
Are you level 5 or 6 for product? Also keep an eye on how much stock you're getting
If they raise more rounds it can dilute quickly. Dm me if you'd like
I would ask for more stocks. In fact tell them that you believe in company and you're fine with 300k base but you want 300k options.
Dang. Sounds exactly like my current company.
Take it man. 50k loss is not much with the potential upside you have.
I agree, if you believe in the new company’s product then it sounds like a fantastic opportunity
310K base, are you serious
Yoe?