I got an offer from a Series D funded startup for the role of Director of Engineering. The startup has about 300 employees, has raised 296M and its valued at about $1B. The current offer is Base: $255k Bonus: 25% Equity/Options: 70k units worth $350k currently valued at 700k (strike price of 5 currently valued at 10) Location: Palo Alto, CA Does this look appropriate for this role?
Thatbis a nice offer from Rubrik.
Thoughtspot I think.
For a series d that looks fine
This is comparable to an engineering manager offer in big tech. Just more risk. Director of Engineering can mean many things - if it means you are overseeing 40-50+ engineers and managers, then I think this is a very low offer - would ask for 3x options. If it means you are a glorified engineering manager, then it is an OK but not great offer with a nice title and too little equity. For comparison, I recently turned down a VP offer in a smaller but still unicorn valued company. Base was 300k but upside was vastly more than this - options grant was worth around 3-4M (i.e. around 1% of company, or nominal strike value of >10M).
0.07% stock? Not overly impressive.
What would an acceptable number look like? This is the first time I am exploring a job with a startup. I have no clue about the acceptable numbers.
I don't know. I'm not a director. But most important check if your options expire 90 days after you leave. That part can leave you with zero.