Fintech company reached out. had a call with recruiter, he said swe offer, if given, would be as such
base: around 200k , most likely high 100s
stock (ISO?): around 40k value (pref - strike) per year, at 1bn eval, for 4 years
I'm not a startup guy. I like big tech for liquidity, but I wonder if 1bn startup is safe enough to grow. 240k tc at face value sucks since my current tc is 300k. not to mention this is in NYC, and my job is remote, so I need something like 400k+ to really compete.
so, blinders who are startup gods, how to evaluate this offer? is 400k liquid comparable to this offer? is there something I should be asking?
few points
Fintech, wealth management.
series C funded (thought 1bn would be later, but ok)
their company headcount is like 100
eng size ~20. all seem very smart (faang + ivy leagues. I'm not ivy tho lol)
founded in 2016. product release in 2020.
I technically don't have an offer rn but don't wanna waste my time if given offer is worth less than what I make/can make at other big tech
yoe3 tc 300
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comments
People choose to utilize robos for the following 3 biggest reasons:
1. May not know where to start when it comes to investing, so they use robos that are user friendly and cater towards new investors
2. Great UX. Some firms really take advantage of this by offering multiple services (investing, retirement, checking, brokerage, etc.) to become a one stop shop for a person’s finances (Sofi for example).
3. Performance: customers want to make and grow their money. (Titan is good at this although their user’s portfolios would get screwed in a market correction)
All other “social features” are just nice to haves that really don’t make a customer impact. As more and more younger individuals learn financial literacy overtime, they’ll realize that throwing money in an index fund without advisory fees can outperform robos.
I would only consider joining robos that have IPO/exit potential. Betterment, Wealthfront (well that’s a bit too late now), WealthSimple etc. Unfortunately, I do not see any upside in Vise.
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$400k tc at amazon >= 200k base $100-$200k a year of stock options at a startup
The closer to equal the better but I would not take 200k base and 40k stock
The 10x case yields $600k which is 50% more for 10x which is crap