Offer evaluation (Series E startup)

Jan 22 18 Comments

------Current TC------
Current TC 320k
ML/DS
YOE 5

------ Series E startup offer------
Series E unicorn with >$1B valuation, SaaS/Enterprise Could Service domain
Base 190k
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?

58 VOTES SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

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TOP 18 Comments
  • Oracle pzd
    Stay at your current job. 320k TC for 5 YoE is wonderful.
    Jan 22 0
  • Oracle z3p0
    The company is asking you to bet big on them by taking that pay cut. That bet needs a near "founder" compensation. No go!
    Jan 22 3
    • Affirm / Eng ramenlover
      Did they also tell you the “IPO is just around the corner?” 🙃
      Jan 22
    • Oracle z3p0
      Think, how does the company being "pre-IPO" change your COL or lifestyle?
      Jan 22
  • You should put any startups equity value as $0.
    Jan 22 4
    • Workday Raj0431
      OP
      I thought Bird is very promising tho....
      Jan 23
    • It is, but again nothing is for certain. Wework was worth 40Billion in the private market, but public market look at things through a different scope.
      Jan 23
  • DemonWare / Eng checkedd
    I missed seeing the current TC with years of experience and voted yes which i would change to no go to FANG.
    Jan 22 2
    • Workday Raj0431
      OP
      may I ask the reason?
      Jan 22
    • DemonWare / Eng checkedd
      Your current TC is already better. And there is not enough financial upside worth the risk. Assuming you are good and work really hard for the next 5 to 10 years, those are your Prime years where you could make a lot more at FANG
      Jan 22
  • Roblox bingoboing
    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
    Jan 22 2
    • Workday Raj0431
      OP
      The preferred price is $9.5 on Apri/2019, their year of growth is 80% which brings price up to 13.5
      Jan 22
    • Roblox bingoboing
      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.
      Jan 22
  • Affirm / Eng ramenlover
    Which startup?
    Jan 22 1
    • Workday Raj0431
      OP
      Could you DM me?
      Jan 22

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