Hi Folks. Need help in evaluating multiple offers. I have 3 offers from 2 startups and a mid-size company. Company 1 - Senior Product Manager, Growth Health-tech series B startup focussed on AI driven patient experiences. The role is B2C with exposure to all product spectrums like strategy, concept, experimentation, execution and analytics. TC: 172k - 145k base, 14k variable bonus, 52k worth of options that vests over 4 years Company 2 - Senior Technical Product Manager Series B startup focussed on administering government incentive programs. B2B platform role heavily focussed on working with solution architects and engineers with some exposure to UX too. TC: 199k - 175k base, 17k variable bonus, 30k worth of options that vests over 4 years Company 3 - Senior Product Manager, Platform Mid size company focussed on renting clothes. Role is building a long term b2b platform that powers consumer experiences. TC: 183k - 160k base, 16k variable bonus, 30k worth of options that vests over 4 years Not sure which one I should go for. I'm optimizing for a well balanced PM role and good money. Current TC: 128k Yoe: 6
idk about other ppl but i see so many random healthcare startups with B/C rounds and dont get the exit for them. Do any ever ipo or just sell to cigna/cvs/et cetra? I like option 3 then 2 then 1
Company 2. Company 1 isn't a viable product strategy in Healthcare when primary focus is patient centered care. Company 3 is a dime a dozen and probably not stable. Government funding is stable.
Hmm, hard to choose without knowing how the people gelled well with you during the interview. At which place you think you have good career prospects and have a good manager that can help you with your career? Based on just what you have listed, 2>1>3. 2s salary can’t be ignored and 3 seems unstable. Are you able to share which location roughly? Bay Area/ nyc/ etc
Yup. 1&2 are remote roles and 3 is in the bay area. I'm in the bay as well. I felt a very good product culture at 1 and 3 with 1 being a consumer role with a good mix of everything on the spectrum. Plus It's an AI product.
AI seems to be here and very much in fashion. I’d expect the discipline to have more and more jobs as time passes by. If you think you’ll gain well rounded transferable skills to larger AI companies then 1 may seem like a good choice. But I wouldn’t stick around too long since the salary is low for Bay Area. Sorry couldn’t be more helpful.
Congrats on getting multiple offers during this climate. Personally would avoid government products and clothing rental. Might not be very good businesses to get into. If 3 is midsized, how come the equity value is lower? With startup TC is more about future value vs present value. And you want to see equity %.
Thanks for the suggestion. Do you mind elaborating on your last line "With startup TC....present value"?
Did you calculate equity value based on exercise price? Or last funding valuation? Both are still somewhat incorrect as you’re betting on some future valuation. Best to assume some conservative exit valuation if you are sharing $$ amounts. But that’s why I was talking about % of total equity as that’s easier to compare across startups.
Didn’t read in detail yet but you have to normalize your equity to a per year value to get tc. Can’t just add the entire value to your TC.
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Company 3 is RentTheRunway? Then I would say Runaway
Nope. It's a different company with a slightly different business model.
Any of these?