Currently at Plaid with $270K base & $280K paper money (readjusted valuation) annually. TC: $550K Received an offer from a series C startup with $4B valuation. YOE: 10 Level: Staff Base: $230K Stocks: $185.5K / year TC: $415.5 Plaid is a bit overvalued but I’d be taking at least $100K pay cut if I join this startup. It would be some learning experience as I’ll get to build things from scratch, but not sure if it is worth $100K. I’d also be losing professional equity that I have built at Plaid in the last few years. What do you guys think? Edit: I will probably receive another offer next week, got a soft approval from another series D startup.
Stay. Added stress is not worth it
how long until you’re fully vested at plaid? that’s how long you’ll retain your high TC. after that you’re working for base only. so to say you’re losing $100k is just for the remaining vesting. after that you’re losing just $40k and maybe some fringe benefits difference. in exchange for another lottery ticket! which isn’t a bad exchange. also have you already exercised your plaid options? if not you’re stuck there, so decision made. because you’d be stupid to exercise while they are still private.
Plaid equity is RSUs. We get refreshers every 3 years so basically the TC will stay as is (if not increase) every year.
oof. tough decision then. you could use it to negotiate but be sure you know what number will get you to go series C is over the hump so the risk factor isn’t terrible. i would ask myself why did you job search in the first place
Why are you looking around in the first place OP? Plaid seems to have great ratings on Blind
Is Plaid going to raise another round soon? If so, stay
Lol