Curious for everyone’s approach to evaluating offers between private and public companies. If you were considering a role at Google/FB that came with $600k TC, and $250k of that was in liquid equity, what kind of multiple would you need in ‘paper value’ from a company that’s pre-IPO to make the offer comparable? 1.5:1, 5:1? Assuming you believe in the private company’s future, but knowing that ~1/3 of your total cash equivalent take home each year with the private company is illiquid.
NVIDIA / R&D TC?
I asked a similar question and the answer was that it depends on your risk tolerance and negotiation skills. It's a bimodal distribution of either mild lottery ticket or zero. But when you discount the future value minus strike price with a public companies money invested over years it's very rarely a sensible decision. At a larger company your contributions rarely make a huge difference and at a smaller company the chance of zero return is much higher regardless.