Startup Comp

VMware / Eng Codeyard
Jul 2 13 Comments

I am working for a Unicorn Startup. Having another offer from series A startup with greater equity but base salary is 25% less than current.

I can try to negotiate to make it to ~15% instead 25% less than current base.

Should I compromise for a less base for better Equity and Learnings?

*Not in VMware anymore

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TOP 13 Comments
  • Microsoft
    bigtc

    Microsoft

    PRE
    Albertsons
    bigtcmore
    I personally wouldn't trade real money for paper money.
    Jul 2 1
    • Intel
      BOBBY_AXE

      Intel

      BIO
      Bobby Axelrod. CEO, Axe Cap. NYC
      BOBBY_AXEmore
      I would, within reason. But a 25% haircut is probably too big.
      Jul 2
  • Amazon bulky
    What’s the equity? That matters
    Jul 3 3
    • VMware / Eng Codeyard
      OP
      0.2%
      Jul 3
    • Cloudflare / Eng rerecurse
      Depends on what you equity you are currently getting but too low I think.
      Jul 3
    • Autodesk FzD73g
      Ya, .2 seems low.

      Doing some (really)rough math. with 15M in funding, if they sell for 10x and have an exit at 150M(today), a .2% of the company is ~300k.

      I’d at least ask for .5% depending on how large the company is.
      Jul 3
  • Facebook xxxxxxxx5
    What’s the founding team like? How have they executed on their goals and milestones so far?

    How big is the series A round? Do they do buybacks? Is there an active secondary market? Have other employees (seed round and earlier) successfully managed to liquidate any of their stock?

    What is your current base/location? I would do it if the questions in the first paragraph have a positive response and you can get by comfortably with plenty of buffer financially.
    Jul 3 2
    • VMware / Eng Codeyard
      OP
      Founding team is experienced in the market and executed quite well so far. Seed was around ~2-3M and series A is around ~15M but still long way to generate substantial revenue
      Jul 3
    • VMware / Eng Codeyard
      OP
      Current Base is: 170K / Bay Area
      Jul 3
  • Amazon bulky
    What’s your YOE? If your straight out of college this is not bad
    Jul 3 1
  • VMware / Eng Codeyard
    OP
    Thank you everyone. This is helpful..
    Jul 3 0
  • Intel
    BOBBY_AXE

    Intel

    BIO
    Bobby Axelrod. CEO, Axe Cap. NYC
    BOBBY_AXEmore
    Wait, VMware is not a unicorn startup? Oh.
    Jul 2 0