Hola I hope to have offers from 2 types of companies: 1. large publicly traded companies (5Bn-200Bn) 2. large pre-ipo companies (2Bn-12Bn valuation last round) Say they're both offering same base but different equity - how does one compare? #2 could be paper money so I think they should give more - am I thinking this right? Should I even think of accepting #2 with *less* equity? Assume everything else is equal = RSUs, vesting, WLB etc. #rsus #offers
I would put a 25% to 50% discount on the pre IPO company's equity before comparing the two.
Paper money is paper money, the IPO might be cancelled at the last moment due to internal or external factors. During the IPO the price could take a dive and lose more than 50% of it’s value without a blink, so paper money company should give more.
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They probably should give more. Not because it’s illiquid but because of recent public markets. Recent offer I got was ~400k for 3 YOE The reality is you can’t compare the two. Never ever ever join a pre-ipo company where you aren’t impressed by the engineers or the founding team and don’t think the product is cool If you aren’t completely stoked about the pre-ipo join the public company.
You got a 400k for 3 YOE offer from a unicorn? It wasn’t contrast security was it?
Nope pay here isn’t that good. Great place to work tho