Got a series-B startup director level offer with 1M comp based on their current valuation, mostly are options. The TC is 40% - 70% more than my current comp depending on what my perf is ... Jump or stay?
Stay all this is fake paper money, they will never make it.
This guy is l68, he should fucking know this
This is why he is asking he is little rust đ
L68 is partner, right? Like seriously! You make top $ at msft
Is the 1 m comp based on their current valuation from last funding round or nebulous âfuture value if we do wellâ projections. In my experience startups really overstate value of options when they make an offer. Also keep in mind if you leave before a liquidity event and you want to excercise your options it will be a huge tax bill
The 1M is based on current valuation. I haven't accounted for tax though. But 1M is way more than my current comp ...
Whatâs the ballpark of your current TC?
YOE? Location?
Title isn't very meaningful at startups and equity comp is hard to understand. I'd go with scope and company trajectory. If they are growing 10x monthly off a good base, I'd take any job there. If they are growing 50% yearly I'd expect to run the same size org as I do at FB.
Not even. A series B growing 50% is pretty lackluster and will prolly not become a unicorn. Fb will have more talent so you will make a bigger impact. Growth of 2x a year is target for such a small company
What's the base?
What is your current tc? How much more is your paper money than your current tc?
A Series B company is still extremely likely to fail. I would only join if you feel they have rocket ship trajectory, youâre absolutely floored + passionate about the idea, respect the CEO, and feel that the market cap is large enough + thereâs clear user demand.
Stay man, msft is doing good and will continue to do so
Comp wise L68 is far from 1M ...