Offer good / bad?
Got an offer from a startup in Santa Monica, CA. They have raised a series B few months ago and total raised is 100+ million thus far. Role: Product Manager TC: 182k YOE: 3 130k base 13k shares @ $16 (208k) vesting over 4 years. Monthly vesting schedule 401k with no match. What do you guys think? Current TC: 150k in San Diego
I do have another offer in Denver, CO with $145k TC plus stock option plan to purchase 2k shares of stock at a discount price of $5.50. They “plan” on IPO next year between $20-30. This may be why I’m being “lowballed” on base but more equity offer.
Part of negotiating a higher salary is to quantify why you deserve a higher salary. List the ways you saved or made your company money.
that’s a bad deal compared to your current TC. first, be okay with walking away. second, say the magic words, “thank you for extending me this offer. however, this isn’t going to work. are you open to figuring this out?”. they’ll ask you what you’re looking for and say something absurdly high like 260K TC. if you get them to schedule another call, that means you’re within the realm of possibilities. anything other than an outright rejection by the end of conversation is in your favor.
also, consider this, they just raised a bunch of cash and they’re trying to budget their way to get a product manager for a SERIES B company with only 3 YOE. there is something off here. sniff it out.
You could say I’m “inexperienced” but my recent experience lines up directly with the role they have which is why I was made an offer and the interview went well
Up the base if you already make $150,000 at your current job. Take no pay cuts when you start a new job
Recruiter said I’m at the “high end” of what they offering for base. If they can’t budge, what should I do next?
Get a better offer elsewhere. And the recruiter is probably lying.