Title says it all. Looking for advice on how others think or have thought about a similar situation in the past. Currently at Atlassian TC - $400k Offer private Series C private tech company looking to IPO in next 2-5 years (current macroeconomic environment not great for IPOs and company in strong cash position from previous funding raise).
Is it a stable company? Sometimes those options are monopoly money. If it's something like Stripe, rely on the latest valuation and adjust downward for the various risks
Yes, it’s a well known company and stable. Has good traction with current customer base and huge TAM.
Worthless
You can ask 4-5X of your current equity.
🤣 Not sure that will be possible, but thanks for the chuckle.
If they are issuing 1-1 equity match then I would say no.
Can you share the offer! I am also watching this thread for suggestions, since I have an existing offer from a profitable startup with great revenue and future potential
Key question is do you think they are fairly valued? If yes, then are you ready to stick for 6+ years (likely time to any exit) unless founders are known to sell companies before series E previously. If answer to question above is NO they are not fairly valued. In that situation discount the current valuation by 50 to 75% at the minimum..
That’s where I’m coming at it from. The equity needs to be discounted 50-75%. Cash comp will likely be more than my current role, but still need to make sure I am factoring the TC with the proper equity discount. Super helpful feedback!
Others key factor to ask is does startup allow secondary market trading. That is a huge help for employees to earn liquidity without an IPO or exit
I hate to say this but 0% these days
This
Yeah…I figured it might be tough, but going to see what I can negotiate on and how flexible they are.