Hey everyone.

Recently got an offer to join a Series A SaaS startup as a PM. The offers look like:
- 185k base with 0.08% equity
- 180k base with 0.09% equity
- 175k base with 0.10% equity


All in USD.

1. Which offer would you take?
2. Is this a solid offer? (I have 6 years of experience. Zero in product management)

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

An additional 10k a year in base salary is really not much after taxes. If you believe in the startup then take the additional equity for the long term payout.

like

Take the middle offer. Still decent base and notable equity. It’s a solid offer and the biggest way to tell which TC is worth more is by the valuation of the startup.

like

Exactly! Godspeed!

I see a lot of people encouraging taking more equity than base. I'd have to be the wet blanket here and point out there are a couple negatives to taking more equity:

1. 9 out of 10 companies expire worthless where equity value becomes 0. Ask me, I was once worth $24 million on paper. The eventual cash value became 0 before being able to cash any of it out. Also look up "asset sales".
2. Why take the job then? Treat it as a learning experience, pure and simple. "Winning" in terms of equity being of value will be a bonus.
3. If you start with a lower base that will disadvantage you when it's time to negotiate/look for another job.
4. If you're a key guy in the company and it starts doing well, expect more equity awards - after all, it's the cheapest way to keep talent around for a while until Series E or so.

like

I would, again predicated on the practice which I've seen (from both sides, as a grantor and as a grantee) where companies will be glad to incentivize/compensate in equity for performance instead of cash in earlier stages.

What was your approach in landing the PM offer with no experience in PM? Congrats!

LinkedIn and slack channels

Third offer hands down

If recent valuation was $100M then the third package is already equivalent in TC to first if you stay for two years. Then if you add on the expected growth, that .01% difference in equity can grow substantially…maybe even by an order of magnitude (particularly given series A). If you do not believe in that expected growth, why take the offer at all? Not to mention the percentage decrease in base is substantially offset by the percentage increase in equity between each offer.

Put differently, you’re much more likely to regret not having 10% more equity in a rapidly growing successful business than you would having 5% less in base

like

Related Posts

Hi,
What will be the in hand salary ?

Post Photo
like

30/6 years experience/90k/NYC
Standard?

Curious to know hourly or salary for RBTs in the Nashville area. I currently make $17.25 hr & I’ve been told we are on the lower end of pay.

like

Hi fishies! I just got recruited for an AE position at HubSpot. Anyone else here work for them? Do they pay well? Are the quotas realistic?

like

Did sign on bonuses disappear? I never see them anymore when I'm job searching.

like

Hi team I recently joined ecolab digital center located in Bangalore( Product based company ) they offer me 16 fixed +10% variable .Before joining the company they told me that I have to relocate Bengaluru.i have given interview in tech mahindra they have selected me in first round there is another round .so in case I get selected in tech Mahindra which company should prefer as I belong to Mumbai it is tuf for me to relocate Bangalore what should I do now I have already joined the company ecolab

like

What is the average salary of a principal trainer here in DFW Texas

like

Would you take a job that has a better title and salary, but the job nature isn't something you are thrilled about? As in the job is more tax operational while I like consulting more.

like
like

EY Splits - I hope that the hikes in gds will be better to promote good spirits .

like

Hi All!

I am currently a Senior Software Engineer(Backend) with 4 YOE. My current CTC is 21LPA (All Fixed) with additional Yearly bonus. I got a call from
Google (Pune/Bangalore/ Remote) for Software Engineer - Backend. I have the following doubts but any insights are welcome -

1. Does the lower designation offered make any difference?
2. Kinda ambiguous, but what kind of hike or ballpark pay can I expect?
3. Any similar interviews experiences or focus areas I should prepare for?

like

Typical salaries for Director of Dinning Services at retirement community.

like

Hii all,
I am currently having 4 offers:
1. Calsoft - Senior SDET - 17 LPA - ready to offer 24lpa + 1lakh Joining bonus.
2. McAfee - SDET Grade 6 - 23.5 LPA.
3. UST Global - Lead I - 21.5 LPA
4. Atmecs - Senior Automation Engineer - 22LPA

I am currently confused to join which company. Is Calsoft better than McAfee.? Also, is McAfee stable? Is there any firing of employees happened very recently because of organizational changes? Need suggestions. Thanks in advance.

like

Would anyone know the salary range for a Partner Enablement Manager (PEM) role of a tech company in Los Angeles, CA? I have 10+ YOE.

like

When is the right time to ask for a raise in salary? Nearing the end of my first year at current tech startup. We don’t have a formal process to request a merit or cost of living salary increase that I know of… there’s less then 15 people in our company. I made a big no no when joining the company and did not negotiate the salary before accepting. Should I informally chat about future compensation to my boss? He’s a pretty laid back guy and I think he may be flexible with me.

Looking for average salary for. Technical Sales Engineer for Nalco Water.

like

Working in Cognizant as Automation Tester. I have a package of 6.69Lakhs. What can I expect as CTC hike when I change company. I have 3 years of experience.

like

For RSM Tax, what is the bonus %? I'm hearing it's fixed each year, so like 6.5%. Can someone provide some insight?

like

Hey guys,

I just accepted a offer at NT, wanted to know whether we they can re-negotiate or no?
Have a better offer somewhere else

More Posts

I have ADHD and it is affecting my family life. I forget commitments I make to my wife literally SECONDS after making them, and it is so defeating to be so consistently unreliable. At work I have enough systems set up to help me keep up with my deadlines etc, but struggle to find solutions for home life. Any tips? I am not medicated yet, but am not against starting. I just don’t know if it helps throughout the day or only for a few hours. TIA 😭

like

Getting back on the stimulants, hell yeah.

likeupliftingfunny

Like this guy already

Post Photo
likefunnyuplifting

Www.helenesnotes call now to sign up for the fall! 516-474-6181 Online lessons! Give them or yourself something fun, positive and good to do! All ages 5 and up including Adults!

Post Photo
like

Happy to refer anyone to Citigroup. Just send me a DM. :)

like

I used to go to school for industrial design and now a UX designer for number of years. I am looking to move back into industrial design. Anyone know how I can make the transition easier?

like

How to win awards? 😢

likefunny

Lol what is going at Clarion? Heard from a couple friends there and it sounds like such a toxic environment. What do others on this bowl think?

likesmart

Do 1st yrs often feel stupid? 🤔

like

Urgent help! Anybody has exam topics site contributor access?

like

What is the best consultancy for Media and Entertainment work? Considering a move…

like

Any suggestions for dating apps that you know Tamil folks use here?

like

How do I get pro hac’d into a bankruptcy case in another state

like

Any book recommendations about human psychology / thought processes?

like

How long does it take to get your location changed? I want to change my base office from Noida to Gurgaon. I have raised this multiple times with my counselor but so far, there's no progress

like

anyone joining pwc on 1st September?

Tax help: I got married last year and my wife is planning to be a stay at home mother. She has 150k in student loans. How can I file jointly to get the tax benefits without ... cont

like

I love following mindless celebrity gossip now, because being mindful of world events like I used to be is continually saddening and anxiety inducing.

like

Hi everyone, can anyone shed some light on the salary range for an Associate Director in Accenture UK (London)? Also, how long does it roughly takes to go from SM (CL6) to AD (CL5)?

like

What is the salary range for a finance transformation, senior associate role at big 4 (kpmg).

Tia!

like

Additional Posts in Tech Strategy & Product

Hey. I’m a Data Scientist and I’ve been thinking about transitioning to Product roles. What’s a good starting point? How good are the PM courses from product school, Cornell, google. Any recommendations?

like

I have a mini case interview coming up for a product management position with Capital One. Has anyone done the mini case with Cap One and can I ask you for any advice/insights?

like

Anyone work at Velocity Global or know anything about the product and company culture? Largest international PEO, founded 2014, hundreds of employees.

like

What's the job security feel like at Palo Alto Networks? Realized tech is getting hammered but curious to see what the PANW outlook feels like

like

Hi all, I’m looking to switch into Strategic Finance at a tech company and was looking to chat with someone in a similar role. I have total 4 yoe, the last 3 being in a quant role at a major valuation firm. I want to switch into a more cross-functional and strategic role while still working in finance which is why a strategic finance role seemed a good fit. Finding it tough to get interviews so looking to connect with people in these roles. Thanks!

like

How do I get added to the Google bowl? FB wants me to be added to the Google India bowl but I am in the Bay Area Google

like

Anyone have good experience with resume writer services as SaaS B2B PM?

like

When hiring a product manager, what skill sets and experiences are you looking for? I have two YOE in product management and am looking to prep my resume to look for new opps. Any advice appreciated! :)

like

Hello, newbie here

like

Currently an APM at a consultancy and wondering would a pivot into a FAANG strategy and ops role help my career long term if I want to ultimately be a PM in big tech? The major downside being that the FAANG strategy and ops role is a 6 month contract

like

Anyone heard back from Capital One for the MBA product management position? My application has been in progress for over a month and no news from the company. @CapitalOne

like

Saw an opening position at Microsoft for Product Launch Operations Manger. If anyone has any insights, I would love to learn more about the role and the team?

like