Please rate this offer:)
10 yoe at a fast growing Series C startup $215K base, $1.2M stock options, standard 4-year vesting.
The base seems very low for this amount of stock options. What is the job title?
On the contrary, Base seems rather high. At this package, valuation is still prob pretty low. Which makes me wonder how they have the money to pay 200k base
Software Engineer — all ICs share same title.
What company?
Will DM you after I sign!:)
+1
What's the current valuation of the startup? What's few folds in the current valuation, you are golden...
Why leave segment?
Hard to answer. Segment is pretty good. This one is smaller and grows faster.
Any thought of exploring Dropbox? I know one of our most senior engineers was consulting there, did you ever pick his brain about Dropbox?
What's the strike price for the options?
1/5 preferred
Maybe $1M in stock so you can up the base? Rent doesn't get paid with private stocks.
If rent doesn't get paid with $215k then you should seriously reevaluate your life choices.
Hey, that $1.2m is a gamble at this point. I'd rather have most of it in cash so I can save it. He is also in that company for at least seven to ten years unless he has that cash lying around. Not feeling these golden cuffs but to each their own
What company is this? Great offer.
Its a great offer. Small startups give less base and high equity, but your base and equity both are good.
It's a solid offer. Question is - what is their exit strategy? IPO, sale, ?
Good question! Based on the amount of money they took from VCs, my guess is that they will go public, but that is going to be a long time!:(
What can you do with those stock options if the company never goes public? You should take that into consideration
Yep considered it as a lottery ticket.
So $215k for 10yoe. I think you could do better.