Offer for a VP engineering role at a series A startup valued at 60M?

LinkedIn FishBowls
Jun 24 18 Comments

I have been interviewing with a company that just raised a 6.5 million dollar Series A round. They want to bring me on as a VP of engineering, right below the CTO. The company only has 13 employees.

What kind of cash and equity (as a percentage of the company) might I expect from this company?

Any tips to negotiate higher equity. I have a lot of faith in this company’s growth.

TC: 300K
YOE: 5
DS: 7

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TOP 18 Comments
  • Amazon rhmbs
    What is DS?
    Jun 24 4
    • Google
      AIMLOK

      Google

      BIO
      I once served 5TB
      AIMLOKmore
      It's measured in centimeters
      Jun 24
    • Amazon rhmbs
      😆
      Jun 24
    • Amazon hbfhyt
      Nah- those smaller marks are for mm
      Jun 24
    • LinkedIn FishBowls
      OP
      Dick Size. Thought thats what we did on Blind, compare dick sizes
      Jun 25
  • Twitch giu37&(2
    Wait for the offer then come back and ask. Right now would be all speculation.
    Jun 24 0
  • Oracle Hdjdj
    VP position in 5 years of experience.. Wow! 😲
    Jun 24 2
    • Oracle DtQY60
      That’s a good leading indicator for recession
      Jun 24
    • Flowcast lulll
      Good indicator for the quality of the startup.
      Jun 24
  • Flowcast lulll
    Red flag that theres so many levels for so few employees (cto and vp for 13 people)
    Jun 24 1
    • LinkedIn FishBowls
      OP
      It’s a tech heavy startup. The employees are all programmers. The main problem is geography. The CTO and 7 devs are in one part of the world, the VP position is for the programmers in another part of the world. So I’d move and be the tech lead in that part.
      Jun 25
  • Amgen Fin4eng
    1-1.5% as a starting point
    Jun 24 0
  • Goldman Sachs fake engineer
    I'd say shoot for 1% equity or more, a bit less for a celebrity founder or if the company has fairly strong cash flow. More if things don't look so stable. This really depends on how you feel about the company and whether its going to need a lot of funding (read: dilution).

    Cash goes the opposite way, if you're getting good equity and the company is tight on cash, don't expect much more than low 100s.
    Jun 24 1
    • LinkedIn FishBowls
      OP
      Currently no cash flow. Though they claim the product is supposed to launch in 3 months.
      It’s a copycat company. So looking at the companies they are copying they go to Series D-F.

      Thanks for the info. This aligns what a friend of mine who as exited said.
      Jun 25
  • Level at LinkedIn , OP ?
    Jun 24 1
  • E*Trade / Finance cbEV72
    People like titles. Nothing unusual. Titles are worth nothing to the equity holders. This itself wouldn’t be a red flag to me.
    Jun 25 0
  • E*Trade / Finance cbEV72
    Assuming they have 10% equity pool for workhorses, maybe .1% would be a fair ask. What do I know? I wasn’t in your position
    Jun 24 0