Need assistance evaluating an offer to join an LS startup to be their commercial launch manager. $200k total cash comp (base+bonus) and $100k stock option grant

Cash is slightly lower than my current comp
Option could be worth up to $300k if current analyst reports are accurate.

Will work directly with head of commercial and each of his direct reports.

Think it’s a cool role and good step into industry but not sure if I should take the pay cut/how to really assess value of options

likefunny
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Decline. I’ll take it!

likefunny

Needs more detail particularly to understand maturity of startup - what round of funding is it at? Does your evaluation of the option account for dilution in successive funding rounds? When do you expect they’d go public and over how many years is your option granted?

Your title if Manager also seems a bit deflated if you’re being paid ~225k. Would request AD or D. Comp notwithstanding, your title should be 1 or 2 levels above what you expect it would be in Big Pharma depending on maturity of the firm

You should evaluate the leadership team and the science to best estimate the probability the startup will IPO/succeed and discount the value of your options accordingly

I would also ask them how you would be evaluated and at what point refreshers are offered - this will differ by co

likehelpful

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