My company is going to issue RSUs for the first time ever. There are 20 employees and the two founders are the only shareholders (no venture capital or anything). I am the only data engineer at the company and built most of data model and pipelines myself. What's a fair share for me? Company is profitable. Current TC is 110k, 3 YOE
Between .25 to .5 percent. 110k is low for SV location.
Seattle but yeah I'm still a bit underpaid. Half a percent is what I was thinking
Arr RSUs common for early stage startups in the valley? I usually have seen options being given, and usually from day one. Doing it after the fact means that you will have, supposedly, less negotiating power. 0.5% seems fair, though, if you manage to get it. (side note: with the amount of money floating around this year, being an early employee in a startup is a pretty bad deal. You assume all of the risk the founder does, but don't share the equity)
If you're profitable before taking on capital you can do whatever the fuck you want tbh
Who is “you”? The company can do whatever the fuck it wants. The employees still get the same percentage as if they were unprofitable. It’s not like profit means “give everyone 5% equally, we’re done here. Mission accomplished.”
I'd ask for 1. If they say no go find another job that has paper that isn't worthless. Been there, done that. Like .1% of the time that paper turns into something more then you could get out in the market. Also if they are not series A, they will not be going public.
I don't think the plan is to go public but we probably will get acquired in a couple years.
One of 20? Only engineer? Ask for 4 to 5%. That gets diluted as you go. Then you are vesting 1% of company over 4 years. DM me
Only data engineer, there's 5 SWE that do the UI and API layer. I created the data model, ETL framework, and a lot of the data access layer but none of the front end stuff
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300k fully remote vs 450k 3x RTO, which would you choose?
Half a percent