Startup offer

Cisco MonkFerari
May 13 11 Comments

Please help evaluate.
Base 180k
Sign-on 5k
Options 30k/4
Strike price .5, current price 6.5
Outstanding shares 13m
Location bay area
Yoe 10

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TOP 11 Comments
  • BluVector sparked
    Is that 30k shares or $30k worth at the strike price?

    Stage of start up?

    Size of start up?
    May 13 2
    • Cisco MonkFerari
      OP
      30k shares, series B, 40 ppl
      May 13
    • BluVector sparked
      Thatโ€™s solid equity; I mean chances are you never see any of it.
      May 13
  • Life360 / Eng
    ftlerr

    Life360 Eng

    PRE
    Life360
    ftlerrmore
    Great offer, being in Series B if their valuation multiplies several times it will be great. Also cost to exercise is low enough as you will need only 3.7k to exercise 7500 options each year generating a gain of $45k. But mind that strike price can increase by the time you get the Grant.
    In the end it is down to how you feel about the success of the company. One thing I do know only solid companies offer good base and equity like this one.
    May 13 1
    • Cisco MonkFerari
      OP
      Thanks. Yes I feel its a good company.
      May 13
  • Zume / Eng ๐Ÿ™„Rolls
    Is the startup gaining traction? Do they have enough funding? Your equity is too low.
    May 13 1
    • Cisco MonkFerari
      OP
      Yes they have funding fr 2 yrs
      May 13
  • Apple Boingboing
    If you believe in the company, go for it. But the difference in the strike vs preferred means it's still very high risk. Just something to think about.
    May 13 2
  • Amazon PotatoSale
    How is current price calculated for the series B?
    May 13 0