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Hi all, does anyone know of any recruiters or hiring managers that work in Affirm Inc. I've been applying for a couple of jobs with them . The role I have applied for I know lam a extraordinary fit for
100% and can help the company/ department succeed. I have a good deal of experience with this role and would love to talk to a recruiter or a hiring manager more about this. If anyone
could reach out to me if you have any information on that I would greatly appreciate it.
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Mentor
So the equity is valued at $900k? I'm not sure how equity works either. How does one cash out the equity?
That’s pretty fair tbh
For a startup it’s better to think of the % equity rather than the dollar value. Anything more than .5% is really good with that valuation.
Mentor
Pretty high cash comp for a Series A startup
Can you try to negotiate more equity? Also what are the equity vesting terms?
Don’t know vesting terms yet, this was first set of details provided by recruiter. Wondering if this feels calibrated, high/low in certain places. Just have no pattern rec here
Assume you stay for 4 years and the equity does not increase at all, your effective TC per year is 260 + 900/4 = 485, that’s still a great deal vs. AP comp. I assume if the startup is successful, the value of your equity can increase very significantly?
Also need to assume company fails. What is the probability of that outcome? Easy to do effective comp calc.
Vesting period? I don’t have a good sense of what % is valid but my friends who left for startups made sure to figure out the timeline (not all startups make it, even if it seems promising)
Coach
Vesting terms in startup land are usually standard. It’s vested over four years. No vesting until you reach the one year mark (then proportional vesting on a monthly basis).
Note: As you raise subsequent rounds, more stock will be issued and your % equity declines; though # of shares allocated to you will obviously remain the same.
Congrats OP. Just curious, wouldn’t taking a shot at making P at McKinsey pay off more in future?
Aren’t you 2 years away from it if all goes well?
My cousin got an equity position at a startup and they went bankrupt.