Got an offer from an SF series B startup. Valuation is 100MM. Offer is 160k, 0.5% equity. Role is Eng Manager. Current team is 15 ppl (10 eng). Thoughts?
0.5% of 100MM is $500,000. That is a good deal.
Its over 4y and not guaranteed 😉
Yes, valuation grows of course , otherwise it’s a failure and you get close to 0 :-)
Equity is pretty high at that stage.
Nominally that’s a good offer, but without knowing the space, it’s hard to evaluate
It is a fin tech - they aggregate insurance data and sell derived analytics to big companies.
U going to Blend?
Ask for 1.5 -3% equity
That would never happen, that kind of equity would go to a very early employee (like 1-3) or I think a C suite executive.
Agree. Series B at .5% equity is great tbh. How anyone could get 1.5-3% at this stage is crazy rare. Never seen it, unless you’re C-Suite.
Equity seems to be low, you can try for uber or other series C and get 1.2m worth equty
But Uber unlikely to be 5x at exit, but a startup may, right?
Even at 5x that is 2.5M over four years. Why not get a L6/L7 job at FB, Netflix, or Google and have similar comp but lower risk? The offer only makes sense to me if you are confident the company will 10x or more and you won't get screwed when it's sold.
It is a good offer. .5 is pretty good
More info plz can’t really comment: What’s your exp and current pay like ? What startup is this ? In which space and where in the world is this ?
Can’t tell the startup name. It’s not very sexy but it’s a solid B2B software, fin tech, San Francisco. I have a MS in CS, 10y exp across top companies in the valley.