I’m debating leaving where I’m at for an offer with a startup that’s in the series A-B area, salary is 80k, bonus is 20k, and options are 0.25% of the company.
I only have until early next week and I don’t know if that’s a good offer or how hard I should negotiate. It’s higher than my current salary, in the same area of the bay area.
If it’s higher than your salary I would take the offer. Even if the company fails after a few years, you’ll be better off since when you look for your next job you’ll be able to negotiate a higher salary, since most employers will take your past pay into consideration when determining your compensation.
What’s your experience like?
You don’t get what you deserve; you get what you negotiate.
First question you should ask yourself is whether you would buy the product/service you’re going to sell. The second question is would you invest in the company. If you don’t answer yes to both than keep looking. Good luck!
Sorry for the typo – it should read “then” keep looking. My bad!
If this is a Bizdev role, then negotiate a variable component to the comp plan. If you’re confident in your ability and the product, then be willing to take less base and higher upside.
Ensure your comp/interests are aligned with the company’s, not just “revenue”, but perhaps other ‘traction-demonstrating’ milestones.
^^
speak English please.
It is not a very generous offer, but as others have said, if the product and the team is good, it may make sense. Are the investors Tier 1 (Benchmark, Kleiner, etc) ?
What would you think a generous offer? It’s a “manager” position, 90-95k base?
If you are pre-MBA, yes, post MBA, it would usually be above 100k
It is a positive sign that they told you the denominator and exposed the cap table to you so you know what % of the company you’re getting.
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