Hi .. I have got a start-up offer for a hardware position. My current TC : 115(base) + 12K bonus +8K stocks - 133K TC Start up offer : 150K(base) + (7000*(5.9-1.14)/4) - 158K 7000 options granted(strike price of $ 1.14) ( recent preferred price $5.9 according to offer) (1-year cliff) I am really confused .. both positions are similar. Assuming both of them are of the same location ( start-up might offer remote WFH). Please comment on any suggestions. I still have an edge on intel since I don't want to move my h1B and I140 for 25k TC change. #intel #startup #hardware #compensation #engineer #interview #compensation
Doing verilog?
PD
Ask about their real preferred price, not "estimated" price
Edited post ... Real preferred price is $5.9$
Is this based on the 409a valuation?
Math for your options doesn't seem correct
This is my first offer at start up ... Can you please tell me what have I done wrong ?
Worthless startup options are worthless.
Options = 7,000 * (5.90 - 1.14) = 33,320 (If they are worth anything at all)
I wouldn’t count this in your annual comp bc it’s likely very illiquid and depending on the stage of the company can take more than 4 years to become liquid at a higher or lower price (if it ever does)
Thanks .. I will not be able to cash these options before it becomes IPO ?
You are doing the right thing here. First, understand the nuances of an offer from a startup and then negotiate else the recruiter will take you for a ride.
I have asked for more comp... recruiter said this is the best offer ... he cannot go more than this .
Offer consideration apart, I would think twice before moving to a startup on a Visa especially in the current environment of economic uncertainty.
+1
Yeah this is what my worry is about ... especially I can take that risk if there is big change in my TC but it is not in this case
What are the prospects of startup? If the company is doing good, it would be a good move. Just research about the history of startup.
Company is fine ... it is backed by google ventures and spark capital ... but we never know what happens in future
Startups are very risky especially during these times. Job security is way better at Intel, especially if you are on a visa this is important. My 2 cents...
Yeah this is what my top concern
Does the startup offer any other benefits apart from options and base salary? You are missing other components like espp, 401k etc.
There is no espp ... but there is 401k match .
Having 401k match for a startup is rare so they might be doing welll
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