The company recently got $3M investment. I’m being offered $152k salary and 2% equity, vested over 4 years. Is this good?
My thinking is that 2% of $3M is about $60k, so I could treat that as an extra $15k per year. But if I look at the valuation based on that investment, it is probably worth 5x that, like an extra $75k per year. All in all it is over $200k compensation, which I’m grateful for, but it’s on par with a tech job at a big tech company. Are these reasonable assumptions, or am I missing something?
Your compensation is not $200k it’s $152k + any other non equity benefits. Decide if you want to ride the startup train, stick in your current situation or wait for big tech company to come your way. Nothing we say here can swing it for you. Equity at this stage is like a lottery.