Getting an offer from Convoy, no details yet. What should I expect for sign on, salary, options, and bonus? What would be the best I can get? Thanks! YOE ~4 TC: 200k+ I imagine it’ll be for SDE 2
I had roughly the same YOE and got offered $120k. Options are all wacky right now so who knows... I got offered $100k in options 18 months ago which is now worth about $20k You can and should negotiate though, options are worthless right now so it might be a good time to get em while they're cheap. Also, if they offer you T4, push for T5.
@Qualtrics whats your base?
For a senior position, I was offered 180 base and 250 stock options. Although now I'm worried after reading someone's options worth 100k is now only 20k ?! I'm guessing the 409a strike price didn't change, so the preferred option price tanked over the last 18 months ???!
Isn't it good that you joined after the price has gone down? It has more upside from here. Will go up 3/4 times just to reach the previous valuation. Your stock will be worth much more.
Agreed. But a drastic drop in preferred doesn't in an 18month period doesn't exude confidence ...
I guess it's all paper at the end of the day 🤣. But it is concerning if the preferred price dropped by 75% ...
The preferred price didn’t drop 75%. The strike price did get repriced lower so it’s a benefit for employees if you believe the company still holds its valuation from the last round.
Strike price discount factor (as a % of preferred ...which right now is at ~27%) may go up or down depending on a lotta things ... but the preferred price (if changed) would mean valuation did ... And I don't think that happened, right ?
How were the interviews? Do they ask leetcode questions?