Series B Offer
Evaluating an offer from a Series B startup: Current TC @ L4 AWS SDE: ~200K/Yr over 4 years at current level, will likely go to L5 before the end of the year. Higher than normal L4 since it has bonuses from govt. work, downside is that it's hard to get away from ops work with a clearance. Area: High CoL (Seattle, NoVA) New Offer: Base: 116K Equity: 0.05% Strike Price: $2 Valuation @ Series B: ~$250M Area: Med. Cost of Living (Atlanta, Austin, Charlotte, Phoenix, Nashville, etc.) Startup seems well backed and led, they want to reach deca-corn level, but of course that's what any founder is gonna say. Math seems to suggest that they'd need to at least hit $2B for the it to break even with AWS, assuming I get up to L5 this year. And the clearance would probably expire. Thoughts? YOE: 2 #equity
I’d do aws in nova but that’s just me. If the startup work really excites you then can’t put a price on that
Check your DM
Thats not a bad offer, but it is on the lower side salary and equity-wise. Its a good sign that the company gave you an equity percentage, but I would recommend negotiating more if you can. I am comparing against: https://app.startupequity.org/search?seniority=mid&stage=series-b
With your 2 YOE, I feel you would gain way more value out of Amazon than going to the startup - tech, soft skills, connection, reputation. Of course if you all bought-in by the startup founder and really believe in what they are building, go for it. Money isn't really the biggest factor here and they don't look that much of different
What industry?
It's a consumer marketplace startup, but don't want to identify it any further.