Thinking to join a startup (stealth mode) TC is almost the same but of course apple is consist of base + bonus + rsu but startup is all cash with same TC + equity. Offer is : 210k base + 1.2% equity Apple: 130k base + 70k rsu + 10k bonus Good or not?
Looks super safe to me. You would be making the same money and equity is extra.
That’s a great base! How many years of experience?
8 years
Totally depends on how successful the startup's exit is, and how much your share of it will be worth at that time (considering any dilution). Not knowing anything about this startup, its statistically highly likely the startup will not succeed to point where it can offset the money you're leaving behind at Apple, but if you love the startup's product, culture, and people, go for it. You might gain very valuable technical, product, qnd management experience.
Would it help if the company just got 100m series B funding from well known ventures?
Still cannot say, but it's a good sign. It's always a gamble, joining a startup. Be clear about what you think you will gain from this (not just $$$) in X years. And what you will be walking away from. Read about "Prospect Theory" and see where any of your choices about this fit into it.
Go! You even posted that your I140 is approved, you yourself also wants to jump
Seems like there isn't much risk considering your compensation doesn't really change much. It's worth the risk if you are comfortable with working more hours and hopefully learning a ton. Start-ups are a grind and the terms of your options can changed at anytime. Most of the time it's not worth it, especially if the pay is low.
Make sure that the Executives have had experience launching startups . The immigration angle is quite risky .. when is the priority date ?
Yes execs have done startups. Priority date is april 2016.
What stage, how much valuation/annualized revenue, and which state? These factors matter
1.2% of what? total stock? if that's the case, why do not you ask for preferred stock?
I have never heard of a startup offering preferred shares, even to executives. The best is usually a company giving common options with early exercise clause and accelerated vesting in various scenarios.
^above is correct.
How big is the team? How much money did they raise yet? 1.2% in general is a significant offer, unless there are weird caveats (e.g. large liquidation preferences, ...)
Raised 100m plus from series B with 110 people right now
Hold on, are you entering as exec? No company with 110 employees should give 1.2% to a rank and file employee. There must be a catch or something you omitted here. What is your role? If it’s not a very very senior and/or exec, I’m almost tempted to believe that they’re offering you 0.12% and not 1.2%, I’ve never heard of a non-exec employee getting that much with a hundred employees already. Think about it, why are you getting 10-20X more than the other employees who joined recently?
Not bad if u can afford the risk
How do you asses that?
Ur making same amount of money except for the stock part