L2 role
140 k base
~90 k options
~ 30 k perf bonus for first year
Sf Bay Area
Yoe 2-3
Seems like a low ball on equity? Not sure. Curious what the culture/ipo prospects/stock growth potential is
#swe#ipo#gusto#l2
$90k in options over 4 years, right?
Remember ISOs and options are calculated differently than RSUs.
Someone else had a similar L2 role recently posted on blind. Seems fair.
Ask the recruiter about the company financials (last funding round, ARR, customer retention rates, and growth year over year, preferred price, exercise price) then make your decision.
Read up on their last funding round and make an educated and informed decision if this is the right move for you. If youโre early in your career can you afford staying at Gusto for 3-6 years to get the benefits of an IPO and incentives of favorable tax treatment for ISOs?
Why would they need to stay 3-6 years? Most options start vesting after the first year. If they leave the company and exercise the options, and the company IPOs say 4 years later, they still benefit on the price of the private (now public) shares they own
$90k in options over 4 years, right? Remember ISOs and options are calculated differently than RSUs. Someone else had a similar L2 role recently posted on blind. Seems fair. Ask the recruiter about the company financials (last funding round, ARR, customer retention rates, and growth year over year, preferred price, exercise price) then make your decision. Read up on their last funding round and make an educated and informed decision if this is the right move for you. If youโre early in your career can you afford staying at Gusto for 3-6 years to get the benefits of an IPO and incentives of favorable tax treatment for ISOs?
Options over 4 years yes. Thanks for the input
Why would they need to stay 3-6 years? Most options start vesting after the first year. If they leave the company and exercise the options, and the company IPOs say 4 years later, they still benefit on the price of the private (now public) shares they own