What’s fair TC at startups (pre series C)? Am I being lowballed?
My TC at Uber was ~500k (at the time i signed the offer letter), and i’ve received comparable offers from other unicorns. Google / facebook / netflix / etc all offer around this range for senior 5b at uber.
I interviewed for some pre series C startups in LA, SF and NY but their TC offer is only around 225-250k. It’s typically around 180k salary and 0.2% ownership in the company. So for 100M company this would be 200k over 4 years, or 230k TC a year. One startup threw in a 200k one time signing bonus but I still refused.
It seems odd to me because i’m taking more risk joining an early stage startup, so shouldn’t they give me more equity than a unicorn that’s about to go public? At the time I got my Uber offer (which was a sure bet IPO company), snapchat and airbnb both offered similar TC for my level, and both of them were also sure bets for IPO.
Am I getting low balled at pre series C startups or is their TC calculation completely different? I would like to join an early stage startup but their TC offers don’t seem to make sense unless you’re an exec / founder.