Risk? Early stage startup comp

New / Sales
dcpresales

New Sales

PRE
Recorded Future, Palantir
dcpresales
Aug 18, 2019 9 Comments

Hi everyone,

Debating jumping from my current relatively stable company to a 10 person startup.

ive worked with them before - good leadership, good product (needs a better UI though), and they have a few couple million dollar gov/intelligence contracts. they are a known, small entity in my immediate area of expertise.

self funded until now but raising this winter.

id be one of their earliest leadership hires to further build manage pre and post sales teams. in a verbal offer, theyre offering between 2.5 - 1.5% equity, 150k base and 80k commissions.

the equity is WAY above what i have in current company, base is a little above and commissions way above.

the only downside is risk - small company, just finding their feet - this would be my earliest and riskiest startup to date. ive got money in the bank from a past exit to cover my ass for some time if needbe.

thoughts?

comments

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TOP 9 Comments
  • Amazon
    CeoExtra

    Go to company page Amazon

    CeoExtra
    How much in the bank?
    Aug 18, 2019 4
    • Amazon
      CulStryBro

      Go to company page Amazon

      CulStryBro
      This is a no brainer opportunity. TC step up, big equity chunk, good people and product. If it fails in the end, you can always get another 200k sales job, these are not so hard to find.
      Aug 18, 2019
    • New / Sales
      dcpresales

      New Sales

      PRE
      Recorded Future
      dcpresales
      OP
      @culstrybro - that’s my thought too. Just needed a sanity check. Thank you.
      Aug 18, 2019
  • If you think the offer is better than now , like the people and product , safety net in Bank as emergency funds ... What's to lose if you jump ?
    Aug 18, 2019 1
    • New / Sales
      dcpresales

      New Sales

      PRE
      Recorded Future
      dcpresales
      OP
      Just the risk. They’re going to raise, they’re going to improve their UI...

      And not to mention this is my biggest step into leadership to date. Always been a mid level manager, never been a director or had a seat at the table so to speak.
      Aug 18, 2019
  • New / Sales
    FYOt50

    New Sales

    PRE
    Solera Holdings, Frontier Communications
    FYOt50
    Take the risk, but leave your current job on very solid terms.
    Aug 26, 2019 0
  • Zoox / Eng
    VyGO67

    Go to company page Zoox Eng

    VyGO67
    Equity is very good. Especially if they are already $MM+ revenue. You should do this.
    Aug 18, 2019 0