I have an opportunity at a startup, series B funded but I will be taking a significant TC paycut. now TC; 275k startup; 220k with 75k shares is it worth it? granted I dont enjoy my job now and Ill be going back to work for my old boss who was awesome.
No. They sell you into a scam most of the time
If you can live happily on that startup TC then go for it. The numbers you provided are decent for Bay Area
220 base or with paper money aka shares? how much % is 75k shares?
220 base
No paycut is worth it. I just did it and regretted it. Wasted a year.
YoE or GTFO
You are not loosing that much, but what is the way to valuate 75k shares?
I know nothing is guaranteed but say the company gets acquired i would make up the loss in income by a great deal correct?
No. Before the company gets acquired, many shares are added, which dilute the value of your shares.
No, investors have liquidity preferences which means they get their full investment back before you get anything. Plus they may give a preferred return (typically 8%). Unless your tech is incredibly useful to the acquirer (like Visa's recent acquisition) they're not gonna pay enough for you to get more than a standard RSU grant (IMO).
This is not bad.. I have done worst in TC and lost (startup shutdown or got acq hired for nothing)... For the TC sacrifices , will you be “satisfied” living with it and ** really enjoy ** the team and ride with the startup - you got to get something for it if it doesn’t go anywhere ...
I wouldn’t take the pay cut just in hopes in pays off at an IPO or acquisition down the road. Chances are it won’t. Take it if you’re fine with the comp and want better WLB or to get away from a toxic team or if you think you can learn a lot fast that will be good for your career later things like that
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Not with it financially