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Hi there, I’ve been told that Deloitte (London, UK) is going to make me an offer but haven’t heard back and it’s been over two weeks. The recruiter mentioned it would be around the “m2 grade”. Any idea what this pay range is? … I have 3 YOE working in NHS finance and have applied for a position in Risk Advisory, public sector. Curious what life at Deloitte is like? Does a work life balance exist?
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No
Note, you have to pay taxes on the spread between the strike price and exercise price as well.
I have seen many burned by this.
Might be some good info somewhere on this website, linking to a random page because I’ve got people coming over in 10 mins lol.
You’ll likely need more info than what is in your post to make an informed decision depending on your risk tolerance. Feel free to reply if you have more q’s ✌️
Good input here from others, I agree
What is your post-termination exercise period. You need to figure out first how much time you have left to decide.
Assuming you have 3 months left to decide, consider what the shares are worth compared to your strike price; and consider the prospects of your lottery ticket paying off. Also, keep in mind that you don’t have to exercise all your vested options. You can go all Solomonic and exercise half or whatever you want to spend.
If you send me the company name, I’d be happy to share my $0.02.
Subject Expert
Can you sit on the shares and not exercise them until an exit?
I wouldn’t spend a dime in your own money, or pay taxes, for shares that may very likely be worthless
Coach
Does this company have any sales or paying customers ?
What's your strike price?
$1/share
so if I'm understanding what you have here right, in 1 year earnings where -$900k?
I guess it is pretty normal to lose money over the first couple of years, but if it's beyond that and still losing money. That's not a good sign. Add to that, running out of money. Why are they running out of money? single owner or partners who don't want to bring in outside equity investors? Can't raise money because everyone that would thinks they are too high a risk or they have a product that there is no market for?
without really knowing the company, this is just what comes to mind based on what you stated.
as for the shares, is this a publicly traded company or are these private shares tied to some equity in the company as a whole? If they are private, their likely somewhat illiquid and may be difficult or near impossible to sell. Though if the company isn't profitable, and doesn't look like it will be in the near future, I'd dump the shares if there was an opportunity.