- 200K/yr salary - 20K sign-on - No annual bonus, RSU, or grants throughout the year - Promised level up to Staff or SDM in 3-6 months - 150K options with 4 years vesting & 1-year cliff. Strike price at 50%. Can’t execute stocks until you’ve held them for at least six months. The company recently raised Series E and is valued at 1.6 Billion. Thank you!
What does strike price at 50% and 4/1 mean? Looks pretty good otherwise! Congratulations!! 🎉🎊
Means the options are in the money - specifically strike price is half the illiquid market price and thus even if it drops a bit they are likely to mean something. Not sure what 4/1 means though.
Sorry, I don't know the exact way to represent this, but it is vesting over 4 years with a 1-year cliff.
What is your current TC? It is a GTFO-less curious query...
200K + 10% Bonus (which they haven't paid yet!)
Yeah, agreed the level up thing is crap.
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Ignore that promise in your analysis.
^ this How can they promise such a thing.... ridiculous
Because odds are good it's worthless.