Thinking of joining a biotech startup. High potential, just raised a series A and heading towards a B. VP level role, roughly 30 employees. Base is ~300, but the non-base comp is unusual from what I can see. They’re offering an amount of options based on an assumed value at IPO in 2 years.
That does not seem to be a normal equity plan based on anything I can see online. Any thoughts?
(I know the main thing is liking the role, just making sure i’m being rewarded appropriately)

likeuplifting
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I’d tell them the options should be at the last valuation (series A) otherwise, they can double your company.

What's your YOE?

YOE is increasingly irrelevant. It’s about what kind of value you can add

Think this is normal for an earlyish stage startup. Im talking with a software/SaaS start up now for a VP role and similar thing. Equity kickers that multiply at certain growth/earnings targets to keep your stake growing with the company

BCG - sorry, misread your OP. You are right, basing off assumed IPO valuation seems weird. Ones im talking to kick in additional equity (2x and 3x some target) at last valuation when certain revenue/earnings targets are hit.

Agreed they should be based on the last valuation. A 2 year projection for IPO at Series A seems way too fast. They should be worried about building their GTM.

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