1bn startup offer eval

Amazon
gg no re

Go to company page Amazon

gg no re
Jan 31 18 Comments

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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TOP 18 Comments
  • DTCC
    SauceBaus

    Go to company page DTCC

    SauceBaus
    If this interview is with a robo advisor (and I’m assuming it is since you said fintech, wealth management) DM me. I work for a robo now as a PM and do quite a bit of industry research. I can let you know my personal opinion on the firm’s upside.
    Jan 31 5
    • DTCC
      SauceBaus

      Go to company page DTCC

      SauceBaus
      Sure, the sector rn is brutally competitive with numerous players including direct and quasi robo advisors, automated investment management firms, and companies who incorporate WM tech to name a few. Quite frankly there’s little differentiation between them, even considering all the fancy features and capabilities that each one may have to offer.

      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.
      Jan 31
    • Amazon
      gg no re

      Go to company page Amazon

      gg no re
      OP
      I see. thanks for your input, I'm not gonna bother with them
      Jan 31
  • Flagged by the community.

  • Bolt
    100bmeme

    Go to company page Bolt

    100bmeme
    Should be equal tc illiquid..
    Jan 31 5
    • Bolt
      100bmeme

      Go to company page Bolt

      100bmeme
      Maybe there is a misunderstanding

      $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
      Jan 31
    • Amazon
      gg no re

      Go to company page Amazon

      gg no re
      OP
      oh yeah that's actually a really good point, thanks for putting it that way
      Jan 31
  • Sounds meh and seems you are bad at math
    Jan 31 1
  • Amazon
    a clown

    Go to company page Amazon

    a clown
    This is a shitty ass offer. You are taking a pay cut to take more risk?
    Jan 31 0