Netflix vs Series B Startup
Current TC: 550k Series B startup valued at $800million raising series C soon with 3x expected growth. VCs are Y Combinator, General Catalyst, Bloomberg Beta, and more (these are not tier 1 VCs right? No Sequoia, a16z) Salary: 200k Equity: 500k over 4 years TC: 325k TC (with 3x growth): 575k Seems pretty low to me, what are your thoughts?
Well that 500k you're likely getting at Netflix is going to be 345k after taxes so you're not really delaying taxation but, at the series B, those taxes are delayed. I'd take the startup any day
This makes no sense
Elaborate on the benefit of delaying taxes. In particular when the capital is tied up in paper money
Are you stooopid?
I have other offers at unicorns / FANG, those are easy to evaluate.
What industry is startup
Is the 500k in equity at current value? Sometimes they play games and tell you it could be 500k at xyz value
Current value
Seems like a great offer. My advice is to not make a lateral move to a startup where TC will take a big hit. I think one should only do this if they are taking on a larger role, and also squeeze every possible compensation out of the company during negotiations. Be OK with walking away if they can’t meet your expectations, you’d be surprised what they can really offer
You can put 350k in Netflix options and do better
Congrats on the offer! Depends on your risk tolerance. Four possibilities: Take the startup and 1) it goes to zero 2) massive payday Go to netflix and 3) the startup tanks while you're comfortable at netflix 4) be comfortable but miss out on the massive pay day Pick the option that will help you sleep best at night.
What’s your role and YOE? I feel like you can get higher salary and equity But no, those are not tier 1
General Catalyst is definitely tier 1
calculation is wrong. 3x will be 30x by exit. i still voted netflix
Could you please elaborate how 3x will become 30x
can’t exit at less than that
Given this hiring market, I would personally be picky and wait for a startup opportunity where the comp is excellent (might have to accept lower base salary but at least similar TC) and the startup is top tier. Top tier investors, strong product-market fit, and a true rocketship that is growing quickly with a solid plan for growth and new market penetration for the next few years
Yes don’t settle for just a meh startup. Remember you are the blonde with tits keys these suitors throw money at you
Don’t join below your current TC hoping it grows. They owe you what you’re worth now and then you take growth on top of that
Wish I knew this when I took 20% dip to join a startup I really believed in. 5 years later, the company went down for 0. I just console myself now by thinking of that experience as going to another university for that many years and learning wearing different hats
Shit. I played the startup game for 20 years. I must be the most unlucky guy in existence. Every frigging one failed. It was like I was the touch of death. I work at Netflix now so we’ll see 😬