I’ve been offered a job at a startup with bonus and equity… I’m hesitant to take the risk but my spouse thinks that the equity will change our lives once the company IPO’s. How many of you here have actually reaped the benefits of equity and are rolling in the dough? Equity is so foreign to me growing up in the B4.

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Not every startup IPOs and is successful. I’ve seen it happen first hand - 2 of my past clients IPOed and many of the tenured employees made a killing. But now I think there’s a bit of a burst bubble with startups, with only a few exceptions that might be successful.
Im currently at my 2nd startup. My first one went bankrupt (1.5 yes after I started there) and no longer exists. My current one is getting close to this point but seems like there’s hope.
I would ask profitability measures like when do they expect to break even? Revenue growth? Is the leadership truly experienced or are they all startuppers who don’t understand the concept of a budget? Check Google news to see if they’ve laid off people too.

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I also want to add - as part of your compensation, equity should just be thought of as a bonus. Don’t settle for a lower salary!!
My friend did this (took a slight decrease in salary leaving B4 as a senior) because WeWork was giving him a lot of equity. We all know how that went down.

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I'm of the opinion that as a couple you work together so I'd only even start considering it if my partner was in a really stable job.

At the end of the day tho make sure it's your decision. You're the one who will have it affecting your life most

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Depends on you risk profile. She is right if you are lucky your equity sky rockets and your lives can be different, might even be able to upgrade your spouse with all that new money..J/K. But there are a lot of people who got tons of equity that was never worth more than $0. Really depends on where you are in life. Expenses, risk, total house hold comp etc. With great risk comes greater reward. No one can make that choice but you! But I am always a skeptic when people are throwing around equity like it’s free candy!

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What industry is the company in and what type of role were you offered?

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