Startup offer

Jan 2, 2019 35 Comments

I got a offer from a Series C start-up. 150k base with 20k stock option on 75m outstanding shares. Strike price $ .39. I am taking atleast 15% cut on overall compensation and perks. How does it look? And the company is in ML, analytics and cloud and founders are from MIT.

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TOP 35 Comments
  • Dispatch / Eng
    SteveyJobs

    Dispatch Eng

    PRE
    ConsenSys
    SteveyJobsmore
    Tell them to suck ur dick
    Jan 2, 2019 2
    • Amadeus Trick2g
      😂
      Jan 2, 2019
    • Cisco desiman
      OP
      Lol. I wish I had the balls yo say this ;)
      Jan 2, 2019
  • Facebook AyyoLeMayo
    0.02% equity? Sounds like a terrible idea
    Jan 2, 2019 8
    • Flexport Wuttt
      A regular SWE is not gonna get more than 0.05% at a series C startup. So 0.02% isn’t that bad.
      Jan 2, 2019
    • New / Eng cato
      Didn’t learn much that was useful. Mainly not to ignore red flags. Cost me a lot tho
      Jan 3, 2019
  • Cisco Eyeh
    Here are my concerns:
    1. You learn how to hustle in a start up , not technology. A start up experience is. Important if you want to keep working on start ups or have your own.
    2. They can always dilute the number of shares. So, your 20k shares may yield less in future. Ask the HR regarding this and negotiate accordingly.
    3. Lot more stress - if you have a kid or have other interests in life , they will take a back seat.
    Jan 2, 2019 3
    • Cisco Eyeh
      What grade are you in and what are your skill sets ? I work for a group where there are ample learning opportunities. If you have enough time at work why not prepare more and go to a tier1 company or something better for your career advancement.
      Jan 2, 2019
    • Cisco desiman
      OP
      G10. What about you?
      Jan 3, 2019
  • Entelo / Eng 3 fiddy
    YOE? Current TC?
    Jan 2, 2019 3
    • Entelo / Eng 3 fiddy
      Wow! Definitely the startup offer isn’t worth it. If you had like 1-2 yoe, it could make some sense to join the startup. In my opinion, don’t waste your time
      Jan 2, 2019
    • Intel ""(^_^)""
      Oh my!
      Jan 2, 2019
  • Dropbox QqLQ41
    If you think it is time for you to learn and grow, maybe. If your priority is to earn, don't go. If you are from Cisco and you are ambitious and you have no tier1 offer with a big package, going to start up does teach you a lot things regardless the outcome. You don't have to be there forever. You can always leave. Working at Cisco is just waste of time unless you have no plan to advance your career and just want to focus on side hustle(real estate etc).
    Jan 2, 2019 1
    • Cisco desiman
      OP
      That a good advice. I too think working in Cisco has a great benifit of work life balance and a secure career(sort of). But at this point working in a start-up can give me a push to a better career advance.
      Jan 2, 2019
  • It’s only 15% cut but need to find out the strike price of your options.
    Jan 2, 2019 2
    • New DvVM00
      why would strike price matter? seems completely irrelevant. series C is all you need to know
      Jan 3, 2019
    • What information would you get out of just series C idiot?

      Number of outstanding shares?
      Strike price?
      Last investor buy-in price?
      Who are the investors?
      Liquidation preferences?
      Investors participation?
      Current founder stakes?
      Cap table?

      The more you know, the better you can make the decision.
      Jan 3, 2019
  • Medallia Maadalia
    Strike price? Startup?
    Jan 2, 2019 2
    • Cisco desiman
      OP
      I didnt get the strike price. Although the HR said over phone that the valuation is 75m
      Jan 2, 2019
    • Cisco desiman
      OP
      Strike price is $ .39 .
      Jan 3, 2019
  • Blizzard others
    I feel like ML cloud for it to be lucrative the founders or somebody would have to have published papers or be well known in the space.

    Else it’s just going to crash and burn.
    Jan 2, 2019 1
    • Cisco desiman
      OP
      Founders are from MIT and well known.
      Jan 3, 2019
  • Depends if you have any other offers
    Jan 2, 2019 1
    • Cisco desiman
      OP
      I do not have any other offer currently.
      Jan 2, 2019
  • NetApp bachha
    Looks risky man
    Jan 2, 2019 0

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