Equity question ... I was hired 9 months prior to going public and was told "there's no equity to give, but you'll get some when we go public". I was hired as Director of Corp Dev and have been essentially running all M&A. Let's say the company does make good on it's promise to grant equity, what is the minimum amount for which I should not feel screwed over? As effective Head of M&A, I feel waaaay underpaid at 200K + 20% bonus.

likehelpful
Posting as :
works at
You are currently posting as works at

Title doesn't mean much. What are your responsibilities?

Head of M&A at Citibank is different than at StartupBank

likefunny

I do everything and started from nothing. I was the first Corp dev person hired. Lead every deal at every deal stage from origination through integration, set up all policies and procedures, developed templates, hired 3 folks and I run the deal team for all M&A for the whole country.

A. Why are you just asking this question AFTER the company went public and not when you got hired, B. How much impact have you personally had on that success in 9 months with a unique skill set, C. Why did you take the job if you were really that underpaid? Surely building this experience or something else about it was beneficial to you, so doesn’t mean you can’t ask for more now, but don’t lose sight of the bigger picture / long game and ruin relationships over minor amounts, D. Make sure you enter the negotiation calm and not taking things personally, E. Consider whether you are really ready to walk away / your alternatives before making demands, F. Post-IPO equity isn’t going to be a meaningful amount in basis points, so consider what you want your total effective comp to be and associated trajectory / risk for the specific company

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Thanks for trying to explain thing to me, but this doesn't help answer my question even in the slightest. Everything you are asking about, I'm way past and already have a firm grasp.

I would have made sure I got equity especially if I felt way underpaid. I would already feel screwed over. They owe you nothing because it’s not written in the contract!

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Apparently we were too close to public announcement? My boss, the Chief Growth Officer was told the same story and even he does not have equity.

If head = one below C-Suite, would say anywhere from 0.05-0.1% of the company is reasonable (i.e, $500K-$1M for a $1B company)

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Half of business is luck

Get an offer somewhere else…then start renegotiating

It actually does kind of. If you get another offer at a startup that will give you equity, you can show your current employer and say I’m going to leave if you don’t give me what you said you would. It at least gives you options.

What’s your YOE?

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