Early AP at McKinsey. What’s a good exit to unicorn startup? Getting offered a leadership role at a startup (in life science space). $325k (base + bonus) plus ~$500k upfront stock (4 year vest with 1 year cliff).

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You should definitely go, if their business plan is solid. You can always come back.

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For some reason I thought that the $325K was the base salary… it doesn’t sound high compared to what I believe an AP at McKinsey makes. Clearly their upside is in the stocks, which puts all the risk into their business plan and outlook. Unless you think you’re looking at them as a new unicorn, I would think twice. And again, you can always go back to McK or MBB if you want.

Lol I love this thread and the variation in response :)

IMO APs tend to be in the 400-450 range for exit, so this squarely lands in that especially since you said ipo is months away so 500k is pretty much liquid. Not a wow offer but a good offer. If this is a MCOL then it’s a great offer.

I’d aim for 500-550 yoy and if you think you believe in the stock, I’d push the stock more so you can massively cash in on the ipo pop.

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Medium cost of living city

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Hmm is 325k the total comp? Are there annual stocks besides the upfront stocks?

Also what’s their expected time to IPO?

My point is that this is not a no-brainer offer the way it sounds..

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How much better? They are game to negotiate. Looking for data points to help craft a counter

Not a good offer unless you think their business outlook is phenomenal.

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They are getting solid venture backing. Really solid!

OP, you’re going to clear $420-430k at end of year 1 as AP. Measure against that

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Seems like they have tried to match what year 1 AP makes. Even tho the stock options is where the risk is

This looks like a pretty good deal to me, depending on what stage the company is and how viable do you believe they are you may not get much better

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Seems a bit low. 2nd year EM here and just got a 270k (base + bonus) plus 470K stocks at a tech co.

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470K stocks vest over 4 years. I wish it was 1 year.

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Wts your current base/TC ?
You could cross this once you become a partner

Looks like a good deal considering options

Sounds pretty low tbh. Partner in 2-3 years means 7 figures in 5-6 years.

Not a good offer I got offered 350 B&B as an M from ACN. You can do way better as AP from McK

OP- Take it, and refer me as your replacement.

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