Hi,
I have an offer for AI hardware startup for senior engineering manager (AI software) role.
Base: 225K
Sign on: 25K
Stock options: 55K (~330K based on last valuation)
My current TC is 250K with Intel and with pay adjustment and likely promotion it will be around 300K starting 2022.
The startup is not negotiating further.
#hardware #AIhardware #ai #startup #software
*******EDIT*********
Thanks everyone for the inputs. I have declined the offer.
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comments
Without name no one can give you good advice.
It's anon anyway.
But, good if you want a challenge. Could also get rich but keep in mind pre-IPO stock options are just lottery tickets.
Put down several rows for possible exit outcomes. From firesale to $10B+ IPO. Assign likelihood probability to each (adding up to 100%). Be honest with yourself and not driven by hype. Most likely outcome is a firesale. Second most likely is sale where founders and investors do OK, but you get peanuts. To me, this is the worst outcome, because even if you think they should hold out for more, it's out of your control. There's a chance of windfall, but be realistic. Space is hyper competitive.
Calculate expected value of comp and equity in your time horizon. Do same for Intel. Adjust each by quality of benefits and WLB.
Compare and make decision.
There is an industry within the industry. That of VCs and founders and executives. They all know each other, they all vouch for each other, they inflate the companies then sell them to their friends who use corporate money for acquisition. The VCs get their profit from corporate money, the founders get their share + well paid position at the corporation, the execs build empires and maybe get some kick-backs from VCs too. Rinse and repeat.