Startup all cash offer

Mar 10 13 Comments

A small series B fintech startup gave me a 270base+70bonus all cash offer for SWE. I really like the team and all - but interested in knowing - how legit is this? While I can’t think of any catches other than job (in)stability, what other things should I consider?

Yoe: 1

59 PARTICIPANTS SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

comments

Want to comment? LOG IN or SIGN UP
TOP 13 Comments
  • Plaid
    oobsy

    Go to company page Plaid

    oobsy
    Why would they not include equity
    Mar 10 3
    • Plaid
      oobsy

      Go to company page Plaid

      oobsy
      Oh ok, interesting. IMO:

      If “guaranteed” TC is what you want, why not stick to a public company, since there could still be some upside on the equity component?

      This offer definitely limits your downside risk but gives you exactly 0 upside potential as well. I guess depends what you’re looking for.
      Mar 10
    • Yeah that’s right. So I’m also considering pushing for SDE2s at Amazon, FB, snap etc to get me to 350 TC, but then the all cash seemed hard to beat for my case
      Mar 10
  • Square
    blockguy

    Go to company page Square

    blockguy
    270 bass with 1 yoe? I would take that in a heartbeat with current market conditions
    Mar 10 0
  • New
    n9h6gatw4

    New

    n9h6gatw4
    Very good offer for your YOE, but the chaos of a startup rarely worth it if you don’t have equity upside too
    Mar 10 0
  • Financial Services Company
    lydk

    Financial Services Company

    lydk
    Which startup is this
    Mar 10 0
  • Apple
    IpqL58

    Go to company page Apple

    PRE
    Intel, JDA Software
    IpqL58
    No equity at all? Isn’t that one of the biggest drivers for folks that join startups so that if and when they IPO they cash in millions?
    Mar 10 1
    • Otoh, to attract people like me who would never hold early stage startup options, they succeeded. Also see above, I could get options but chose all cash
      Mar 10