Series A startup with about 9M in yearly Revenue and a few big customers My Profile: yoe: 10 years (8 as SWE elsewhere and last 2 years as DE) Current TC: 350-400K (base, stock, bonus) + 401K + stellar health plans Startup offer: 185K - Base No Bonus plans yet No 401K yet 28K stock option at ~280K in todays value and ~45K in series A value (happened 2 years back) Selling Point: A lot of upward potential stock potential (~10X value in 4 years) and potential to go public in 4 years What I find interesting: Type of work is exactly what I want to do. I know the stock options are ridiculously low even in today's value, compared to what I am leaving behind. Added to that potential 401K matches and Bonuses over 4 years, make the potential 10X growth seem really low financially. I would have lost 50% in that 10X stock growth by leaving my current job. Am I evaluating it correctly?
You should ask them to at least match your current TC with their worthless shares at today's valuation
Agree with this. Overall sounds like a good deal, but you should ask them to match the rest of your current TC with equity. When you join a startup, you do so knowing the risk of losing money (RSUs) that you’d get at a public company, but there should be financial potential for you to do way better if the company exits successfully.
You can’t really compare paper money to real one. But sounds about right if you just look at numbers. May I ask what % of the company does the stock option represent?
If this with $9mm in current annual revenue is going public in 4 years then I would love to invest in this company.