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Anonymous User
Who knows how to PM on this thing?
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My man doesn’t the company have an option pool for employees? Kindve surprised that a startup wouldn’t have an option pool, unless the startup is literally an extension of a large corporation with a ton of cash.
If that’s the case, I could see how an option pool isn’t needed because the startup should always have enough cash from the true owner to pay enough for high-quality employees.
Good for high salaries, but not that good if you’re hoping to make it rich through owning a piece of the pie. Not much of a chance to take a stake in the startup beyond being an employee.
Yeah. The PE fund will probably want to sell in 9 years or so (10 years total).
Rising Star
You should ask HR what the bands are for each role. They’re the only ones who can tell you what the range is
So my company is a startup but we have practically an unlimited supply of money and one of our shareholders is our main client. We practically have no risk as far as running out of money or lack of clients. Our main risk lies in our ability or inability to execute. I wish we had RSU’s but I’m getting paid a total of $295k (salary, bonus, and other retention bonuses) this year as a 4th year attorney. That is much better that what huge public companies have offered me, including RSU’s. My company pays relatively high salaries and bonuses in order to compensate for the lack of RSU’s. I know it would be better to get RSU’s, that’s obvious. I’m just wondering how much of a raise you think I will get! I appreciate your responses, so thank you! But critiquing my company’s lack of RSU’s isn’t answering my question 😂.
Still hoping for someone to give me their best (educated?) guess! If you do, I’ll let everyone know what I end up making to let you know who was right and wrong lol
No way to make an educated guess with such a small group, lack of info on what additional responsibilities you would have, and unusual model. If you will get a lot of additional responsibility, I would expect the salary and bonus combined to be an extra $50k or so. If it’s not a huge change in job duties, probably half of that?
These guesses are just throwing darts blindfolded though.
Ask for what you want and stop obsessing about your law school ranking. No one cares.
A3 I disagree, prestige of law school still matters a lot with these types of businesses. PE, VC, and Investment funds want to work with the “best” which, to most non-legal, means someone from a top law school. T-14 myself and probably wouldn’t have gotten my job in-house if it weren’t for the school I went to.
FWIW I went from CC to SCC last year and got an 8% raise, which I consider low bc my new base pay for SCC is (IMO) at the bottom of/below market. I make less in base as SCC than you do as LC pre-promotion, with less bonus, and our company is way bigger (private pre-IPO tech). But I do have options. If your actual responsibilities aren’t really changing, I think 8-15%, since you’re already paid very well for your company size (but not equity is criminal).