Shippo offer evaluation
I got an offer from @shippo, base: $190k, sign on: $25k for 1st year, options: 7000/4years Strike price: $12~$13/share, current valuation: $36/share, right now it’s valued at 1B company. Is this a good offer? I feel this is low ball… How much higher could this be negotiated to? Also, what’s the prospect of this company, will it really IPO in two years as the recruiter says? Because this is options instead of RSUs, employees will have to use their own money to exercise. Thanks! YoE: 6+ TC: $340k
Looks like a good offer, when do these options expire if they don’t go IPO?
SP is so high for 1b.
OP, are you planning to join? I also have an offer from Shippo.
Recruiter is exaggerating - IPO won't happen that quickly. I also think the data regarding the strike price is exaggerated.
IPO won’t happen in 10 years?
Hey OP, did you end up joining?
Looks like the math is wrong . TC will be much less than 340K with given info
Math is definitely wrong. It should be 190+25
Did someone from this thread eventually join? Recruiter recently reached out- would love to know more about the company
It’s a very good time to join if they have had a good growth rate in 2022. That’s because in normal market conditions there valuation would have gone up. But since they haven’t done a round, you can still get the previous strike price. In your position, I would ask for: - Runway (should be 18+ months) - Revenue and growth rate , last 12 months. - Target growth rate, next 12 months.
From what I know, shippo had close to 50m revenue last year. Tremendous growth. If that growth is continuing in the current environment, you have a good opportunity.
Would love to hear their PM offer as well if someone received one
I got a message directly from a product manager not a recruiter . Interested to know what work culture and compensation looks like
What’s the strike price, expiration and current vs projected valuation?
Just updated my OP with this info, thanks