Leaving VC after 4 years, 6 YOE total. Got an industry offer at the Director level in MCOL doing Corp dev / strategy at a pre IPO Series D+ software unicorn growing 2-3x ARR per year. Negotiated offer is 200 base, 20% bonus and options worth approx $40K per year. Currently making $250K in Bay Area. I’m considering signing given I like the growth prospect of the start up and will take on a meaningfully larger role. Is this a good offer considering also location is MCOL outside of Bay Area?

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Lot of cash comp which is good, would recommend taking as long as you think they are going to do deals or you'll be involved in dressing up the IPO. Otherwise may be a boring role

helpful

Very very good for MCOL at 6 YOE especially with the high cash comp so you have limited downside.

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For MCOL, yes.

helpful

Very good offer I’d say
But not stock options? As Director of Corp Dev I believe you should get some equity

Oh sorry I kinda missed the part were you said $40K options yeah these are essentially RSUs
So TC is about $240K cash + $40K options that’s really good for MCOL at 6YoE

helpful

Thanks for the feedback so far. Cash comp wise I’m happy where it landed, given it’s a start up and I’ll have to think of those options being worth 0. Though I feel the equity offer is a bit lighter. I’ve seen people being offered equity worth 200-250 / 4 for similar YOE and role in the Bay Area. Having said that I do believe in the upside and I think can quickly get to that level on paper given how valuation has been running.

Cash comp is good. I would push for more equity if possible.

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