CB offer: Base Salary: $237,000 Cash Bonus: $35,550 (15% of base) Annual Equity Grant: $400,000 (grant vests in 1 year, new 1 year grant every year) Sign-on: $35,550 (15%, one-time only) TC: 708k (year 1), 672k (year 2+) Scope: M1 Series D offer (can’t disclose company): Base Salary: $280,000 Cash Bonus: $56,000 (20% of base) Equity Grant: $1.8M for 4 years Sign-on: $50,000 (twice) TC: $836k (year 1 & 2), $786k (year 3+) Scope: M2 Valuation: $1B - $5B I know a lot depends on the upside of the startup and it’s difficult to assess that without knowing what the company is. But, given that startup is paper money and CB is public, is the startup TC too low? At what TC does the startup offer become attractive (comment)?
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Coinbase is currently undervalued (after the drop from ATH).. I won’t be able to evaluate series D offer without knowing the company name/ industry/ revenue/profits/ founders etc.,
I agree. But CB upside is limited to 1 year. Grants are for 1 year at a time.
Companies like Bolt and other private unicorns are currently overvalued. If it were public, it would have gotten thrashed like other hot tech stocks.
Given that valuation the Series D has more upside. If it goes public at even 25% higher valuation you’ll make out far better. And you won’t be tying yourself to the crypto dumpster fire, either.
Robinhood went ipo at 40. It’s 12 or something now. Just saying.
For sure — there are a lot of overinflated fintechs out there. But the series D mentioned here has a valuation that’s a lot more sane than that so it’s likely a better bet. Still a bet of course.
If neither option pans out well, wondering if CB on resume is more attractive to recruiters/HMs vs a startup that isn’t famous or known for super high bar. Does CB have a edge on this?
You already have Amazon on resume, does CB on resume add much more value? If at all?
I think you figured it out @!HexBug Amazon opens doors but it also hurts you in some aspects. Having both can open up more doors..hard to say about other startup.
how likely would the start up IPO in the current market conditions?
That’s right, it won’t IPO unless the market conditions get better
Anything close to 50 to 80% drop.
Most important Q is: u have GC or citizenship? If you hold only H1B then risk is high in startup - job and visa wise Also depends what start up + u married have kids or single + age to see if u want to risk on startup
Good points. I am on GC. Married with kids, but have decent NW to not worry about bills for a few years.
If u have GC then only risk is company doesn’t go public / acquisition failure Remove from ur equation: stocks option $1.8mill that’s worth in two cases: 1. Goes IPO u make money 2. Gets acquired by another company at higher price from ur offering So ur actual income is base+ bonus compare that to CB which has stock value which u can sell on vesting (worse case) I say CB is better since none of us know which start up it is and many factors - how long they have been in industry etc what series etc CB gives u sure shot income due to public company
I was part of a startup and series E but they didn’t go public and ended up getting bought out
Did you break even (initial offer price)? How many years were you there?
Curious too
How does equity work in year 2+ at CB? How did you calculate your TC for year 2?
They have a target grant by role/level/location, that’s $400k for IC6/M1/Tier1, same as offer grant. They grant that every year (times a multiple based on performance. Multiple is 1 for meets expectations)
It completely depends on your expectation of an exit with the startup RSUs and expected valuation
Perfect, after 108 votes, it’s a perfect 50-50 split 🤦♂️ :)
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