Got a pretty good offer at Unqork and I'm thinking about taking it. The only thing that feels weird is their equity situation. I've been back and forth with them quite a bit and it looks like the max I can get out of them is $20k in options. Is this bad? Is it good? I'm new to options and it's difficult to compare for example to my Microsoft RSU's. That being said I believe in the company and product and expect them to IPO in the next year or two. Anyone have any thoughts or opinions? #Tech #techindustry #careers #TC #compensation #benefits #stockoptions #startups #ipo #Unqork
What is the strike price for the option?
~18/share
So you get a 1000 options .. dude it's really low. You'd get better numbers at Microsoft with good WLB to boot.
Looks like this is the number they offer everyone as their max. I have a lot of Microsoft stock already and really do want a change. I accepted and am banking on their IPO soon as well as acquiring more ISO's through bonuses etc.
There's a sucker born every minute - PJ Barnum
Yeah cool company , but their equity packages are awful. Was even less than what I’m currently getting in equivalent RSU value at Salesforce today. Unfortunate given how quick they became a unicorn. I interviewed with them all the way to the end, decided to pass.
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Rule of thumb.. take your current RSU and multiply by factor of how small the company is compared to Unicorn (1 Billion) cap. That should give you the $ amount that needs to come to your options vest.
So if you make 100k in rsus a year, and if the company is 500 million cap, then you should get 50k/yr In rsus to match your current comp? Is that the rule of thumb?
Unqork is currently privately valued at around 2 billion right now. If I get $20k in options a year, like, good or bad basically?