Bay Area hardware startup (currently 40 employees about to secure round B funding; product is brassboard level developed, looking to productize it) is offering $180-200k plus options worth 2% of outstanding shares. They already have one major manufacturer of products that would use this hardware lined up. The position is a leadership role probably would be considered lower to middle management. Thoughts on the package?
My company CTO has 4%. Just to give a reference ball park figure
2% after series A seems very high. Almost makes me wonder whether the founders are doing the right thing for the employees !
That is how the recruiter explained it to me. I have not spoken to anyone at the company yet. 2% did seem like a lot. Maybe I misheard a decimal point? Also, with a new round of funding coming, wouldn’t that percentage shrink? I am new to the startup landscape and am not smart on this yet.
Nothing really is certain till you go through the process. You should talk to someone in the company and ask the details.
Thats a great offer. Did u join the startup? How did it go?
Very good offer. 2% at this stage is very rare. Are you joining at a high management/key eng level?