Old tc and new tc? Yoe?
Assuming you have a stable job, he can take the risk :) I'd say he should do it if either a) he's a partner of the startup, or b) he likes the value proposition / job profile very much.
Old tc: ~400k. New tc: salary 240k + 0.2% equity. Late stage startup, but not a partner. Yes I have a stable job, but the new tc seems to be a lot less than before. So I'm concerned.
I agree with others, if your TC can carry your family (and you have decent savings) he can take the risk. If it pays off great, if not he may be able to return to his old company or another that is similar.
Telling only from the TC perspective, I would say It's not worth to go for a downlevel, even if the startup clicks, the 0.2% equity will be diluted by the time it goes to IPO and the reward may not be worth the risk. BTW, which is the startup that is in late stage and can't pay it's VP 400k, there are many startup's which could match or exceed his current pay if he is interested in trying out a startup.
Is this asking for friend disguised as hubby 😂
Sounds like a weak offer tbh
He should absolutely stay at the aviation company. Startups = more work for less IMO
800k in equity for a VP? And with 400m valuation the startup is late stage? Their IPO would likely be very small. Your hubby can find better options than this I think. At VP level I would expect to make lot more. Junior engineers at good startups make more than that
It’s aviation industry. Not IT
Bottom line always is, do you believe in the startup? If the startup is really good then that 800k may later be valued at 8m+ or will become worthless. Do consider the risk and future potential.
TC/GTFO Yours sincerely, Blinders
It won't get polite than this
I agree