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Is anyone here looking for a job as a full stack software engineer? My friend is hiring and if you are interested I can put you in contact with him directly. Here is the job posting: https://angel.co/company/pipedreamhq/jobs/1901495-full-stack-software-engineer just private message me and I’ll give you the contact.
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What % of that is cash vs equity? I’d be pretty nervous taking an overall comp cut at a startup. They likely will never match cash, but I’d at least want equity that takes me well over my current comp to account for risk.
I made the opposite move recently from startup to Big 4 and would caution you to think about the total comp + benefits carefully depending on your life circumstances. Startups typically won’t increase cash or provide bonus and have worse or non-existent benefits and retirement. Make sure to check those items and at least get the appropriate value in equity to balance it out. Otherwise, you don’t get any upside in the startup, only the downside of a smaller/less mature firm.
Startups are not always bad given the pseudo work life balance at big 4s. Contribution in small firm results in growth faster than big4. I have seen successful people quitting big tech n big 4 for startups, given they had passion nd claim their value n respect in real market.
Another important piece of info i learned today.... Paternity leave is only 2 weeks. D's is 16 weeks. That's a benefit I'm def going to use soon. That may have sealed the deal as a no to moving.
Appreciate both thoughts thanks
It's all cash no equity, but there are some stock options that the hiring manager hasn't been clear on. Good call, I'll get clarity on that in the offer.
Guess it depends on your risk tolerance. You could join a start up and never have a path to promotion. Hell, the whole start up could go bust or they could sell it (although you’d get pulled in or severance). Anyway, my point is there is a lot more risk in working for a start up depending on how well it’s competing in its respective market. You should make sure to ask what the founders goals are and where they’re hope to take the start up in the next few years. You could also ask about growth opps and what future roles could look like at the company
The hiring manager (my future boss) was very bullish about growth of company and opps for career growth.
So you are moving from $183k TC (Base and Bonus) at D to $180k TC at startup (Base only, no bonus/equity)?
Got it, so essentially your old TC is your new base…I’d be a bit concerned about the no equity for two years, part of the attractiveness of startup is the equity and the potential to make money if they exit…waiting two years to see if you will get any equity would be a dealbreaker for me