Current TC 320k
------ Series E startup offer------
Series E unicorn with >$1B valuation, SaaS/Enterprise Could Service domain
Option 60k shares ($13.5 value, $3.5 strike)
Estimated TC 190k + 10*15k = 340k ???
How does this offer looks like? Worth to join this late stage startup?
- The company is asking you to bet big on them by taking that pay cut. That bet needs a near "founder" compensation. No go!
- I missed seeing the current TC with years of experience and voted yes which i would change to no go to FANG.
- The fact that there is such a large gap in the fmv and preferred price means there is still a great amount of risk. If you think the company is going to be successful, take the bet. If not, just stay. Like others have said you have a great TC for 5 yoe
- How is that calculated? Your strike price will be the fmv when the board grants your options, assuming these are ISOs. The preferred price is what investors are willing to pay to invest. Them saying that their revenue grew 80% YoY does not mean the current preferred is higher.