Hi all, Have 2 offers in hand: - Google E5 at ~500k/year - Series A startup with 70m evaluation at 180k cash + 0.1% equity Does it even make sense to consider startup in these conditions? #google #startup
Nice 500k/year at L5 is really good. I’m at 400k L5 just recently joined.
Borderline bullshit I would say...
just borderline...
500k/yr is top of the band
Borderline bullshit I would say...
You ok homie?
Alright I’ll bite. What is the matter with you OP?! A company that you’re keen on (hence application), one of the most prestigious no less, offers you half a million dollars a year...and you think to gamble that on a ‘shot’ at being a millionaire at a startup. You’ll be one by the time your 4 year vest is done and have still lived a plush life. C’mon man
If everyone thinks like you, there wouldn't be any start ups. Think about all the stuff you'll learn and the personal growth. I see what you mean by a relaxed life but may be not everyone would want that.
I’m at a Series A. Learned lots and lots of personal growth. Meanwhile, friends at google instead purchased homes and go on multiple vacations a year a while I wonder whether I’ll still have a job. Whoopee for learning.
Joining the startup will be financially useless, but it will give u understanding and connections to build your own. Joining Google will not only give you a plush life, but will also give you your own runway in case you wanna do a startup. Though you will probably waste first year learning the startup ropes. I would vote for Google unless you already have runway in place and just wanna learn the rules of startup game.
PS. The startup offer is extremely crappy. $70K in stocks is totally useless. They’re treating you like a disposable, fungible programmer.
Go Google, save money for a few years, then join a better startup (who will probably pay more / give a better stake since you're "from Google") or make your own
YoE?
I like that startup told the % meaning to ur equity. Most of the folks dont understand this. They just go by what vp or cto is saying about current face market value of stock and its potential.
0.1is LOT
0.1% is peanuts, I was just offered 0.1% by a startup with $1 billion+ valuation. I didn’t accept it. You have to pay a hefty sum + tax to exercise the options. The likelihood of success and timeline for exit is uncertain. You have higher likelihood of success by buying FAANG or QQQ LEAP options.
Equity can certainly go higher given early stage startup. To me the numbers are a no brainer in favor of google
Look at the startups financials and growth to get the answer from a monetary perspective. Career wise I think working at a big company for a few years will set you up for success later, just don’t get stuck and start believing these scared folks who tell you startup comp isn’t real. It is real AF
Ya
I have enough experience working at medium and bit companies already (Uber, Amazon, etc.), so I'm in it more for money and excitement. But I also have kids and family, so not really sure if that aligns with usual startup approaches.
180k 0.1% is peanuts. You’d be losing out 1.5-2.1M over 5-7 years. At 0.1% they valuation would have to grow to 1.5B-2.1B in 5-7 years which is impossible. Ask for 2/3%
Impossible? See: Snowflake
Snowflake is positioned to fall flat on its face with its ridiculous IPO
Offer breakup?
What’s an offer breakup?
He means break down