Need some timely offer advice. Currently at a Pre-IPO tech company (IPO in next 18 months extremely likely) & evaluating what it would take to jump to a seed-stage startup prior to offer negotiations.

Pre-IPO tech, BizOps:
+ Cash comp: $250K
+ Equity: $130K/year at current internal valuation

Seed-stage, Chief of Staff:
+ Currently valued at $100M after $12M in financing

This is for a BizOps role & they have a team of 20-30. What cash + equity % would make sense to switch over for?

like
Posting as :
works at
You are currently posting as works at

If your company really is about to IPO and you’re vesting while hitting $380k TC, you’d be crazy to leave for a seed stage company (90% of which will fail) in a bad economy with VC money drying up.

Unless I’m missing something huge here (your company is on fire, the new startup wants you as a cofounder, you have a toxic work environment, you’re a demigod), this is an absolute non-starter.

likefunny

The piece you’re missing though is that there’s a 9 in 10 or so chance that the seed stage equity is worthless or de minimis.

You’d literally be leaving a pre-IPO company (one of the very small group of winners) to chase the potential of joining a company that hopefully will have the chance to someday, 7 years from now, become a pre-IPO company.

like

Are they really going to IPO in this market? For context, I don’t think any tech companies have gone public this year.

like

What basis do you have for making that claim? Just asking because I took a Pre-IPO tech offer and now it was has been tabled indefinitely.

Is the company profitable? That’ll probably be the best indicator for timing.

I'm at a seed stage start up now with 25 people. I would first do the exercise of what salary are you willing to accept bc ultimately, seed stage means the company is cash poor and will be highly unlikely to meet your current comp. Equity really depends on the cap table and how integral your role is. Generally I've seen 1-2% (translated to common stock or ISOs depending on whether 409b has been done), I've heard as high as 4%, but it was a much smaller start up than what you are describing.

like

Where wrw u all finding these jobs 🤔

Explain - seed stage with a valuation > 100M. That’s an incredibly unhealthy thing or Sam Altman’s next company

Related Posts

Got industry offer at bank, cyber. Would be going from 110 to 130. Perks are comparable. I feel like it is on lower end of comp based on Glassdoor and elsewhere. Considering countering at 135-140.

like

I am product designer with a fair amount of experience (6yrs).

Recently was interviewed for a Sr. role in Booking but unfortunately the team finds me better suited as a core individual contributor.

I am also in the advanced stages of some lead designer positions in other companies.

However I am really interested in joining the team at Booking, especially because of the design culture.

What should be my reasons to accept or not accept the offer from booking?

like

Looking to get in the field of Project Management or Product Management. Currently working in the field of Ad Operations. Any advice where to start and what steps to get into one of those fields?

Salary credit timings? Icici bank

like

How does being a manager in audit compare to being a manager in deal advisory (AAS)? Nervous to make the switch of the unknown.

like
like

Physician planning to go the industry route. Prefer early therapy development role (rather than liaison, safety, or business - for now)

For those who recruit:
-What do successful candidates have in common?
-What are fixable pitfalls for MDs transitioning to pharma?

For those who have done it:
-Are there any books or resources on this you found helpful?
-Mistakes you made that can be avoided?

like

Any Update on Hiring at Novartis? When they will resume Hiring?

like

Hey EY / EYP Fishes 🐠 I’m considering joining the EYP team (transfer from Toronto) in Transaction Strategy & Execution - does anybody have any insight into the growth prospects for this group / split of work they are doing (e.g., DD vs. True Strategy)

like

LTI - Larsen & Toubro Infotech is hiring for multiple #DATA job profiles.👇
Interested for below jobs opportunity, DM your EMAIL ID with JOBNAME
Grab this opportunity...!!!
#LTI#PYTHON #TABLEAU#DATASCIENCE #QLIKVIEW #HADOOP #BIGDATA #SNOWFLAKE #ABINTO #INFORMATICA #HIRING

Post Photo
like

Hi everybody! 😊
I've been working as a Junior Analog Design Engineer for a year and half.
I received a proposal for a Senior Analog Designer role from Bosch in the same city where I am currently working.
Should I wait and build up a few more years of experience before accepting a Senior role or should I jump in and work to fill the gap?
Next year, there will be an important deadline for the project I'm working on and my resignation could be critical for the team, how would you deal with it?

like

Got an offer from pwc in the data privacy role.
With 13.5 Lpa currently i’m at 12 and made switch on march.
Though my current company is an mnc but not that big and no work pressure is there, amazing work life balance. However, there is little to no learning and its very slow, the project is just starting and the client itself is not clear what they want. Do you think I should switch just because its a big 4. Please help me decide. Yoe -3.5

like

Hey all, having issues with interviewing this year. I’ve been passed over every opportunity I really want and I’m unsure how to regroup and move forward. I’m really trying to break into method development roles and I haven’t had the opportunity to do so with my analytical experience. A lot of my HPLC and LCMS experience is with already established methods. Any tips?

like

Hi folks, Can someone tell if below salary is sufficient for one person (6 YOE) to live in Melbourne, Australia


C&B fixed (gross): AUD 6500/ month Monthly overseas allowance: AUD 5800/month

like

I was in acting lead role since 2019. Got my papers in 2021 aug. I have been in the same.projdct since 2016. I am planning to switch. Do you think this is the right time to do so?

like

Does Deloitte India give Signing bonus? And what are the perks they give to employees?if there are any? CA with more than 4 year experience Deloitte India

like

Got an offer today in strategy for manager - band level 7. What does the band level 7 mean and where does it stand in hierarchy?

like

Accenture 🐠, anyone willing to provide a referral to Business Process Architect role in Dallas? I will PM my work experience and qualifications if anyone is willing to chat! TYIA

like

Joining ACN as an SM, what should I expect? 12YOE in tech consulting

like

Hi Thoughtworkers! Hope all well.
In Thoughtworks offer letter there is no mention of Stocks and joining Bonus. Can someone give insights about it including figure?

like

More Posts

SO excited about the new iPhone 14! I currently own an 11 Pro Max and never really upgraded because this one was still fine, but I feel like I want something newer. Has anyone purchased the 14 yet?

like

UPDATE (RE: SoCal Assistant Controller Interview)

So after two weeks of waiting (and giving up on the idea of getting the job really), the recruiter got back to me.

They said due to month-end and quarter-end close they were busy and couldn’t get back to me as quickly for a “good update”.

The recruiter said the CFO enjoyed our call, she, the CFO, will call me next week directly to “discuss some final things”.

Not sure if Im hired or not, but are there any questions about the job, comp (cont.)

like

How long does it take in tcs to complete the bgv? When can i know whether it is completed successfully or not?

like

Is there a way to identify duplicate URLs within labeled hyperlinks on multiple columns/rows/cells?

I was thinking conditional format, but it’s identifying duplicate labels. I have over 80,000 cells, so extracting URLs manually isn’t going to work for me.

Thanks in Advance!

Advice for attacking the data room and putting together my first sell-side disclosure schedules? (Baby M&A att’y 2 months in). I have an associate mentor who encourages me to flag items I don’t understand and will walk through them with me, but at this point, the only thing I understand is that I don’t even know what I don’t know and what I do know that I don’t know is basically everything.

like

Calling my Jersey City heights area people for meetups/friends. Single male here.

likeuplifting

Male fishes - looking for skin care recommendation. What has worked for you?

like

Coin a buy ?

like

I went from meeting HR to the head of my department I’d be working for in 3 days. This seems fast. Does it to anyone else? It’s a super fast growing fin tech. I think they may just need bodies.

like

What’s a fair expectation for my first raise? Publicly traded co with ~2500 employees. I’ve been doing litigation with the company for almost 3 yrs and have only had a 2% cost of living raise so far. Graduated in 2014. Base comp is $127.5k in the Philly area. I see salaries all over the place in this site and it’s hard to tell whether mine is competitive.

like

Anyone going to the security/privacy conference in DC this week?

When is an appropriate time to send a follow up email after interviewing? Is a week too soon?

like

Anyone from PA ever have thoughts of switching to a medical field like RN, MD, PA etc. ?

like

39M in West LA, looking to meet someone for drinks and see where things go! (Never married, no kids)

like

People who write long ass paragraphs on here 🙄 it's not a work paper

like

Feel really terrible at writing sketch comedy. I think this is just something I just cannot do. Anyone with tips? Advice? Anything?

like

*KGS*
Any insights on this years appraisal ?
Service line : CH

like

Hi all,

My joining is on 20th December in TCS. I have yet not received the onboarding Welcome mail. By when is the onboarding mail usually shared? Can anyone who has joined recently confirm? TIA.

like

Aqua terra or datejust 41? I know v different watches but just wanted to get the group think on this

like

In-hand for below offer?

Post Photo
like

Additional Posts in Startups and Entrepreneurship

What do people recommend for start-up relevant marketing resources/books/personalities/podcasts?
I have a lot of enterprise marketing experience, but making a jump to a startup and want to get up to speed as quickly as possible.

like

I need guidance - was able to sell work through relationship. All I have is my LLC and a bank account. No infrastructure, no HR set up, no legal document. Who should I reach out to get help?

like

I need everyone’s help😭 Money aside, how did you finalize which idea to pursue? I’m struggling to narrow it down from 4. Focusing is not an issue for me once I’m locked in, but I’m struggling to get there because I haven’t finalized which idea to focus on. Open to any recommendations please (books, personal stories, etc).

like

What are your thoughts on joining a startup that pushes for no structure in their company? Supposedly they thrive from what he told me but I’m not convinced. Is this really a thing?

likefunny

Really confused as to whether to incorporate my NY- based makeup startup as an LLC or an S-corp? Not based in NYC if that matters and no revenue yet. Should I be looking into Delaware at all (specifically a Delaware C-Corp) if I do plan on raising capital at some point down the line? Also - for any FDA lawyers out there, what is the problem with developing makeup (specifically foundations) with SPF? I've heard it's "heavily regulated." What do I need to be aware of? Thanks in advance !!

like

How common is it to have an investor in your company also be a customer? As a company should you bend backwards to accept a requirement that serves only the investor and no one else in your customer base?

Hi! I have many years of experience in Compensation and Benefits (HR) strategies to attract, retain and motivate talents in big corporations. I want to find a way to bring solutions for startups and entrepeneurs that are already in the need of such support for their own companies. I want to find ways to bring meaningful and practical solutions at reasonable costs for these organizations. Any ideas on how to become aware of their specific needs? C&B, talent management, performance appraisal.

like

Any craft beer brewers here?

In the last two year I’ve gotten more and more into alcohol free beer. The selection in my country (Europe) is still small and mainly driven by the big brands (e.g. Heineken). My idea is to start my own small brewery which only produces alcohol free beer as a bit of a pendant to the booming local craft beer industry. Any thoughts on that idea or someone who has experience in the market?

like

Been wanting to start a Consultancy that offers employment help to individuals. Any ideas on the success rate or how to start networking to have actual clients coming to me? What are the pros and cons?

like

For startup founders/people with a successful side project: How did you get the idea/inspiration for your business? I’m currently working at a Series B startup and my end goal has always been to found my own startup, but I graduated from college 2.5 years ago and I still have not had any great ideas cross my mind. I do spend a fair amount of time brainstorming. I don’t want to continue working here forever, but I’m struggling to generate that “this is it” idea to build a company for. Any advice?

like

Does anyone here actually work at Seamless.ai? I interviewed a while ago but ended up not continuing on with the process. What is the culture like?

like

In case anyone is looking to get into product management, I came across this image which shows some books you could read to get into the role.

P.S: I saw this on Linkedin posted by Dr Milan Milanovic. So all credits to him!

Post Photo
likehelpfulsmart

Anybody do Getaround or Turo on the side? If so, what has your experience been?

like

From reading a number of books and listening to a number of podcasts about starting a business, one underlying factor they all share is to have deep passion for what you do. How do you know what your passion is? I mean I think a lot about golf but i don’t think that’s a passion. It’s my hobby. I think most people just know.

like

Hi guys, a plea for help here 🙏🏻 have any founders here gotten an O-1 visa or an H1B transfer into their startup? Would greatly appreciate hearing your advice / experience over DM

like

Friends, need some feedback on an idea:

I’m thinking of starting a podcast interviewing leaders at startups about their experience with specific challenges - I know, cliche, get a more original hobby, etc.

Not looking for the narrative arc of How I Built This or Masters of Scale. Instead, looking to uncover specific problems faced by companies that tried something new for the first time. What did they not see coming, how did they adapt and measure, etc.

What are your thoughts on this format?

like

Anyone interested in fashion? Stated a clothing brand. Need sales.

like

What’s a profound way to start a business? The desire to make social and economic impact? Or personal wealth? What should be the main driving factor? I’m curious what your guys’ thoughts and opinions are on this. Feel free to drop a comment :)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal