Evaluate this offer at seed stage startup.

New
notGup

New

notGup
Oct 30, 2021 9 Comments

Seed stage startup in fintech. (Hoping A round will materialize in 3-4 months).

Yoe: 15 combination of management consulting, product management and founder (2x).
Role offered: Chief Product Officer
Comp: 220 cash + 2% equity (standard 4/1 vest).

Current TC: 300k ish at Series E startup.

Is this an average/low/high offer?

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TOP 9 Comments
  • New
    cimbex

    New

    cimbex
    I would ask for more equity.
    Oct 30, 2021 3
    • New
      cimbex

      New

      cimbex
      For your experience (quantity and quality), the role offered, and that it still seed stage, the equity seems low compared to historical startup offers I've taken.

      As to what you should ask for, that would depend on a bunch of factors. If I were you I'd try to get a sense of company's current value (based on revenue, etc) and a range of estimates of it's future value/exit. Then figure how much equity you want based on that.
      Oct 30, 2021
    • New
      notGup

      New

      notGup
      OP
      It doesn’t seem like they’ll negotiate more but we did talk about allocating more as the company grows. Is 2% too low? Now I’m concerned.
      Oct 30, 2021
  • Amazon
    PIPFH

    Go to company page Amazon

    PIPFH
    Meanwhile your cofounders probably have 20% each lol
    Oct 30, 2021 1
    • New
      notGup

      New

      notGup
      OP
      Well they’ve already raised a large seed round. But you’re right they already have a large stake.
      Oct 30, 2021
  • New
    EuNE44

    New

    EuNE44
    Why don't people add yoe? Without that whole post is useless..
    Oct 30, 2021 1
    • New
      notGup

      New

      notGup
      OP
      I do have yoe in my post. 😬
      Oct 30, 2021
  • New
    hugh jarse

    New

    hugh jarse
    avg. best negotiate you can do is to get single trigger
    Oct 30, 2021 0