Got a TC offer for ~600k/yr from big tech. Currently in a series C high-growth start-up for ~320k/yr + equity. Generally happy with my current work, but can't help thinking a bigger salary means affording property in a dipping market. My deciding factor is risk vs liquidity; I could see a big payday from the startup, but that day may never happen... Or be many years in the future. Would I be stupid not to take what amounts to doubling my immediate liquid value in exchange for my lottery tickets? #tech #offers
Why not make a poll
fixed :-)
If you already have a year vest you have equity in the startup so there is your bet
Came here to say this.
Depends on what you see as prospects for your lottery tickets paying off.
Imo, the biggest pro is being able to help make the payoff happen...
That seems underrated to me. If you have some great ideas about what you want to do, why not?
Holy shit dude 600k jesus fuckin christ
Yoe? What level gets you 600k?
6 YOE
Allocate % chance of each payouts then that will give you the expected value For example in 4 years $500k payout 45% $1M payout 30% $5M payout 20% $10M payout 5% 225+ 300+ 1000 + 500 = 675 Assuming 200k base = $2.825M payout in 4 years VS $2.4M payout in 4 years with big tech Private barely wins wins out by like 20%.. will your big tc go up 20% overall over the years?
🔥
Equity is back weighted, so first few years are mostly cash.
OP: you are the best judge of your personal situation. Remember, you work to live and not the other way around. But some points that may help answer your question: 1) where do you live - is any relocation involved in moving to big tech? 2) what stage of life are you in: single, married but no kids, have kids? 3) what is your net worth? Are you already worth $3-5M in which case you don’t need to maximize money necessarily - do you own a home in a HCOL area? Does it have a big mortgage or almost paid off? - do you have a sizable stock portfolio? 4) how many years remaining in your career?
Appreciate it. Generally excited by the prospects of both options and spent the weekend torn over which direction to go in. Need outside perspectives of peers for some extra help in what amounts to two very positive positions. No relocation needed Married no kids Negligible net worth, only recently had a big swing up in comp and had a lot of medical expenses that has so far eaten everything. Renting, but generally have no debt. A lot of years left... 30 or so. Wanting to really maximize early career returns to push out some good returns in the 401k and investments, startup equity may be too many eggs in one basket.
OP: you are very early career and just beginning to accumulate wealth. If you are confident that the startup you are in may one day have a big exit turning you into a multi millionaire, then you should stay there. You can always move to big tech 4-5 years down the line. Those jobs will be there. If you are based in the Bay Area and looking to buy a home in a good safe neighborhood (aka good school district) in core Silicon Valley, it will cost you about $3M to get a mostly entry level house. That price tag may go down a little in the next year or two, but in the medium to long term (5-10 years), it is almost certain to go up. You will need to accumulate upwards of $1M in stock outside of 401k to afford the house (600-800k down plus another 200k buffer - remember you will pay tax when liquidating stocks). You are the best judge of how to get that $1M lumpsum - to me your startup seems more promising. It will take longer working in Big tech, but it is a more sure shot compared to startup. Fyi: I have many more YOE compared to you but my TC is well below your current startup TC, but I have managed to live in Silicon Valley all these years. The most important thing for longevity in HCOL area is to buy that first house when you can. I first bought SFH near Google HQ 15 years ago when one did not need a down payment and several years later traded up to a nicer home still in Silicon Valley. Had I not done that, I would have been priced out of SV long ago…
Wtf do you do to have that at 6 YOE
I'm good at designing and implementing scalable backends
Staff eng? What’s your equity value vs. startup valuation? Have you already exercised?
I've exercised all vested shares, but only 30% vested
Equity value vs valuation?
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