Rate my offer

PayPal Raiden5
May 24 14 Comments

Current Tc: 230k

Software engineer with 7.5 years experience

Offer from EdTech Startup

Role offered : senior staff engineer

Offer: 200k base, no joining bonus, 20k stock options. Current strike price:3$ , current secondary offering price: 10$

Current Unvested stock at Paypal: 140k for next 3 years.

How much stock options can I negotiate?

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TOP 14 Comments
  • Microsoft / Product
    Brazuka

    Microsoft Product

    PRE
    Bain & Company
    Brazukamore
    This offer is worse than what what you have now
    May 24 2
    • PayPal Raiden5
      OP
      What components do you think I should increase ?
      May 24
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      Base is alright but you need waaay more stock
      May 24
  • Goldman Sachs fake engineer
    I think you need way way more equity.
    May 24 0
  • PayPal Raiden5
    OP
    I m planning to ask 210k base, 25k joining, 40k stock options
    May 26 1
    • Goldman Sachs fake engineer
      Startups are usually very cash strapped, and the stock market is going down making funding even harder to get. Signing is also atypical. If you don't need more cash, I would ask for 50k options and keep the base the same. Your base is actually quite high if this is a small company.
      May 26
  • PayPal Raiden5
    OP
    Yes, 20 k options vesting over 4 years. Right now it is worth 140k.
    May 24 1
    • Goldman Sachs fake engineer
      It's not worth 140k, because those are common shares that are illiquid. The calculation I would use is cut the 10 dollar "price" down by 20-40%, 20 for a celebrity founder that has easy access to funding, 40 if it feels more risky. Basically you need double the shares if not more just to match your current job, and you should be looking for a raise not a match

      Remember you are the one who is in demand, and giving out more equity is a deferred cost for them.
      May 24
  • PayPal Raiden5
    OP
    How much should I negotiate more ?
    May 24 1
    • Pinterest trump 😶
      I’d ask for 6-7 basis points
      May 24
  • Arista Networks golmaal
    Is that 20k options per year or over 4 years? Also does that mean total value of those 20k options is 140k right now ( by using difference of 10 and 3)?
    May 24 0
  • Google / Eng pm / modi
    Not worth it
    May 24 0
  • Google todamoon
    on a scale of 1 to 10, it's a 4.
    May 24 0
  • Dell / Sales Duqh37
    Show them your current options statement and tell them you don’t want to lose equity. If they want you they will be willing to negotiate up to a point.
    May 24 0

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