Recruiter is quoting $200K base with no bonus and only $20K per year in equity at $4 per share. Seems like a looooow ball offer. Anyone that work there care to comment on whether the base or equity can go up, and if so by how much? Also, what are the chances of the company having a big exit in the near future?
Seems like standard sr software eng package. From what I heard, equity is non negotiable but base could move up a bit. You're already on the high end though. Huge potential for a big exit in the next couple years
so 20k is not the dollar value, its the quantity of the stock.. Its always advisable to do your homework on how RSU are different from Stock options before starting your interview process with any start up in Bay area.. For what i can see..its a good amount of stock options given the current evaluation of $4 Billions
I think he means 5k stock a year for 20k in total over 4 years
Ah okay. Maybe I misunderstood or misheard what the recruiter said. If it is 20K stocks, how much is it worth in dollars at their current valuation? Does the value of my stocks double if the valuation of the company doubles by exit time, or will the value be lower due to future dilution?
Ofcourse man.. sorry but you doesn't seem to be a guy made for startups.. How do you think startups operate ? People make millions with startups and TripActions is a unicorn. I am eagerly waiting for its exit because we know with our growth trajectory its gonna be massive 💰 for everyone at TA
Any chance of an exit in the near future? If they are still giving stock options, is it safe to assume the exit is long way?
The pace with which TripActions has grown.. the exit is not that far away. Its going to have one soon..I don't think so Aariel is going to wait for series E.. once our evaluation touches $20B mark..we all will be millionaire..The reason we all are staying is because we joined when the strike price was just few cents and its now 15X..
TripActions is insanely huge now. Exit is going to happen soon. If series E happens anytime next year then also its fine to assume that its going to be last funding round. $250M for us was huge and don't know who is going to invest even more than that. But nevertheless the exit is going to be massive 💰💰💰💰 I wish I would have joined sometime last year to have better strike value
Given the strike price right now.. only join if ur stock options are between 20k- 40k over 4 years
I joined at 30k
I joined TripActions and took a pay cut on my base because of the stock options they were offering. Its definitely better than Doordash, slack or square
^ looks like tripactions recruiters flooded this thread
Atleast i am an Engineer who knows how to guide others
Looks like you are an engineer that knows how to use a 💰emoji while changing blind username. Definitely underpaid given your skills
That's the valuation, not the strike price (the price you would buy them for). Both numbers are crucial to know the potential returns.
This is very middle of the pack for sr backend SWE role in the Bay area. Yet, I'm only referring to salary. TC in comparison is very low factoring in bonus and options. All in all, TA is lowballing.
Wow.. That's a very good package given the current evaluation.. TripActions is going to have a very high profitable exit