What were total compensation packages like for FANG in their early years?
Trying to see if this startup is worth joining and wondering if their low pay is similar to FANG's pay during FANG's early stages. My offer: 120 base, 350 options with strike price = public stock price @ vesting, 10 signing. They say they will 3x in 4 years. EDIT: YOE = 0 Company = TTD
350 options? That’s 35,000 shares. If their shares outstanding is 1m that’s 3.5% ownership which is pretty solid. Depends on what stage they are in, and where they are in growth. What’s your YOE/role.
No way he's getting 3.5% ownership LMAO
Yeah I know, that’s why I asked YOE. Unless their shares outstanding is a inconvenient number, it should be 3.5% though. Which makes me question what the start up is.
Good startups may give better return than FANG but it may also get 0.
If you’re joining expecting it to be the next FANG, you’re going to be sorely disappointed.
120 base ? That’s like 2005
Well, i suspect Jobs and Wozniak did not make much at all the first few years. Comparable or not it does sound like you are counting on striking it rich at a startup. It is a LOT like the gold rush. Most people eke out a barebones living, a few do reasonably well, and a very rare few find a big vein.
Great article
Options mean that this was before the time period when MSFT invested in FB. Guessing this is Facebook 2005 offer
They are a startup, but setting strike at a public stock price...? Can you help connect those dots for me?
Lol, it’s your company bro/sis
Ha! I thought it might be :) (not many other public companies granting equity in options). In that case, the label of "startup" isn't quite right... We're a $10B+ company with over $600M in revenue and profitable for 6 years. That said, we do have start-up-like growth potential (that "3x in 4 years" I'd call conservative). Feel free to DM me if you want my (probably biased, but honest) insight into your offer.
Gl