I got an offer from a series B startup valued at ~300M and hoping to hear thoughts from Blind community about it. How much more can I negotiate given the details below? Current options value: 300K Projected value at IPO in 4 years (1B val) : 1.5M Company ownership: 0.18% Base: 200K Company is growing very fast and seems to be pretty solid. They say they're highly valued for a series B startup and hence the low equity percent. YOE 12 Current TC 480K --- Update: did the math wrong, it's actually 540K in current options value.
Seems really good based on my startup equity offer
Something doesn’t add up. How can your ownership be 0.18% at $300k of options and the company be valued at 300M? 300k/0.0018 = 166.67M. Also, a couple of things to consider — as the startup raises more money, your equity will get diluted. So even if the company IPOs at a 1B valuation, your stock value won’t increase proportionally.
They’re not stocks. They’re options. Strike price could be high, diminishing option value.
1.5M does not sounds like enough when joining a series B company. See abnb, coin, and snow if you joined at series B
@E68osI: you're right, I screwed up. Updated OP. @6x: L6 equivalent SWE @XxHk41 I don't quite get how they decided that they will have a 1B exit. Size of exit seems to make a huge difference in terms of ultimate comp too, so I'm a bit confused by this.
The recruiter is just making up some bs to sound good. You have to judge what you think the company will ultimately be worth relative to the additional investment needed to get to that point.
Nobody knows the size of the exit at series b! They’re just being optimistic.
This is a really solid offer, esp for a startup IMO. For context, I joined a series B startup at the high L4 low L5 equivalent as the 5th engineer. Company was worth 86M at the time. I received 160 base / 60k worth of options (lol). Company’s valuation since has 10X’ed but the preferred stock price only 5X’ed due to dilution.
What role ?