India
Yesterday
274
Heard congress distributing wealth
Tech Industry
2d
41608
Worried that our top performer is an attrition risk. How do managers handle this?
Tech Industry
Yesterday
1064
I haven’t done shit today!
Tech Industry
Yesterday
3112
Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
India
3h
250
Manmohan Singh speech, Modi quoted
so i have an offer with a “series A” startup. i put that in quotes because according to them, they are profitable, growing, and have no need or intention of doing another raise. The offer does not include any equity, just base/bonus, which is roughly equal to my current TC. role and scope would be a step up. does the “no equity” part raise any red flags for anyone else? why else would i join a random startup with all that risk? or is this arrangement more commin than i think? or anything else i should think about in weighing the offer?
A startup is about the equity upside, so this sounds fishy. Maybe ask why?
How much have they raised? Why no equity, did you ask? What would be your role? Are others in the org getting equity? Do you have equity in your current company? The list of questions goes on...however, trust your gut
If they’re a profitable company and they don’t want to give up equity it’s reasonable. Especially if their compensation is on par with what you’re already making. I know some other companies that do this and it works for them.
It’s called a small business. They are quite common. You need to look at TC rather than getting fixated on equity. What risk? Risk is getting a below market salary in exchange for equity that might be worth something in the future. A profitable business paying base/bonus at market is not a risky job.
Huge red flag to me. A zillion other startups would give you equity. No need to settle for one that doesn’t.
Founding engineer at one of the startups. On my second startup journey. Never ever ever sacrifice base salary for anything. I follow a usual rule of thumb when negotiating and doling our offers. For every 1$ that you sacrifice from TC. You should be paid at least 2$ worth of equity. And no equity in a startup is an automatic reject.
They may be looking for people that want to do interesting work, get paid, go home and live life. (Ie most people outside of tech land). If your desires don’t match up with that, then go elsewhere.
Most startup equity ends up being worth squat 95% of the time. After being in the startup space for 13 years I look at total.comp and then ask for a "token" amount of equity expected of my title. My suggestion would be to ask for more cash to compensate for the lack of expected equity.
Red flag for me. But then there are companies like Basecamp that don’t intend ever to exit, so in those cases I guess it’s ok just to keep getting bonuses every year.