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

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[quote=Anonymous][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]

Exactly - while I understand that this round of fundraising was really difficult with the economy, the good companies were able to pull through.  I would question why they weren't able to get funding, what their runway is, how long before they start laying off, etc.  If they didn't get funding, their runway starts to diminish.  If they are going for funding, they can't stand on their own feet so there is a runway.
I know this because I am in the same situation.  
Also - that seems like an awful lot of shares for someone that may be low senior level.  How many shares are outstanding?  
It is a crapshoot and I would be looking very hard at how secure my job if I am supporting my whole family before I look at winning the lottery with golden handcuffs.[/quote]

They DID get funding. And are going to go through another round. They will probably be acquired by another company, not go public if they do an exit. There are 59m shares outstanding. Yes low senior level but major contributor. [/quote]

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