Reply to Job isn’t as lucrative as other jobs, golden handcuffs.

Forum Index » Money and Finances

Reply to "Job isn’t as lucrative as other jobs, golden handcuffs. "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At the previous company he had about .15 percentile and now he has around 1 percentile of the total options pool. [/quote]

Well that is good, if he has 1% that’s a valuation of $400M which is not unreasonable.

That’s a huge amount of equity for a double digit employee hire, which is weird with lower salary — it would seem they really wanted him, did he they give him choice of equity or salary?

Are they profitable? With current downturn, funding will be drying up and acquisitions may hinge on more than revenue.

https://www.ft.com/content/7cbae3f3-8197-4816-aba8-860cac76cbb4

[/quote]

Yes it’s profitable. I don’t think so. The comp plan is just not as favorable as previous jobs, where he averaged $500+ several
years ago. It’s just a pretty big hit on our day for day spending. Any money we received from past jobs when into the market or savings. 
[/quote]

If it’s profitable really surprised they didn’t go public last year rather than fundraising. [/quote]

Revenue producing? Maybe that’s different. The valuation is under $500m. It’s only a few years old. I don’t think there is any plan for it to IPO ever. It seems similar to his last company which was acquired. That’s what I know. From what I’ve heard they are doing well and having no issues fundraising. It’s just a big question mark when an exit especially since he can be making significantly more elsewhere. He doesn’t want to leave but he’s not the one that does our family’s finances and budgeting. We live in HCOL area and we got used to his previous pay so it requires some changes. I would hate for him to give up that income for a few years and the company for some reason doesn’t have an exit. 
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics