> You should be able to sell your shares to a private buyer.

Is there a particular "terminology" to this ability I should ensure I confirm with the company?

> you should also ask how you will be evaluated

Great point and on my list.

> The biggest question you should answer is where the $9 came from.

It is indeed the number from the latest founding round 2 years ago so I assume it to be high.

> you could try ask the company about what liquidation preferences

Assuming this relates to preferred stocks and if they have been issues to investors? On my list of questions.

> Depending on how much research you want to do, you could try and do some research on how much a private investor would pay for shares

Any idea how you would go about it?

Thanks again for your great input. Much appreciated.

- There is no 401k but the idea is to put one in place by end of year per leadership - There is no private market in place yet but that is also meant to change end of year; I am not entirely familiar with the concept and how this impacts the comp evaluation - Re: severance - agreed that I am taking all the risk here given my current severance and I would need to see at least a 3 months severance in the first 12 months - Historically all my employers over-promised on bonus payments; is it legitimate to ask for their track record on target bonus payments on the C-level? - Great point on the fit; I consider it strong and am closely aligned with the vision of the company so that is a big plus

I feel I am at a new learning point right now as I am considering a C-level role for a series G startup I really admire.

Below is what my current package looks like today as well as what the initial offer of the startup company stands at.

Through my naive eyes it feels I would be falling short quite a bit in the new environment wrt compensation and taking on a lot of the risk (with an IPO/sale uncertain for decades)

My mindset is I would need to negotiate the offer quite a bit up with respect to base to make it feasible and more comparable. However, ppl more familiar in the startup industry consider it a moderate offer even against what my current package looks like right now.

Knowing a lot of it comes down to personal preferences, are there any individuals here that can give a rough qualitative assessment how they'd compare the two aspects and what negotiation items to potentially prioritize - happy to provide any clarification as far as anonymity is retained. Also, if there is anything missing I should make sure is clearly defined I welcome any input.

State: California

Current:

  * President title
  * 415k Base
  * 10% average yearly bonus
  * 10k yearly training stipend
  * 10% discount on stock options
  * 401k matching  
  * 80% travel
  * 9mos severance
  * Standard healthcare insurance
  * 24 days of PTO + close between Christmas and New Year

  * C-level title
  * 300k base
  * 50% target bonus
  * Equity 0.0033 (200k ISO shares out of 60M)
  * Traditional vested over 4 years
  * Strike price 3.40$
  * Current evaluation price $9 (550M)
  * Limited travel
  * 6mos severance after 12 months
  * No 401k
  * Standard healthcare insurance
  * Unlimited PTO

Comments URL: https://news.ycombinator.com/item?id=16951111

Points: 3

# Comments: 4