Options when joining a Unicorn
Edit: Created a poll Say you are getting a FANG offer at L4 with 400k RSU vested over 4 years, how much options/stocks would you ask for to take a Unicorn offer instead (depending on the stage of the company and other factors of coz)?
Newbie here - what’s a unicorn offer?
Unless you are excited about the company or product, it doesn’t make sense financially to join the unicorn. They must offer you 800k - 1m to be comparable but they most likely won’t
Thanks for the insight. At what stage would you think 800k - 1M is reasonable? Series C? D?
Importantly, many unicorns will never go public, and some have run funding rounds with 'ratchet' clauses meaning if there is ever a liquidity event some late-state investors might end up owning most of the company to get paid back. See this doc for details. https://www.nakedcapitalism.com/wp-content/uploads/2017/08/SSRN-id2955455-1.pdf
What was your Robinhood offer
1 million