Lowballing check
I got laid off in Jan. I was a senior product analyst at a well known startup. YoE ~4 Pay was 18L + 2L variable + ESOP After months of search I landed an offer at another smaller startup which raised Series B in sept-22 They are offering me 16+2 + ESOP after looking at my payslip and I have no other offer in hand citing economic conditions. How do I go about it? I have 1 other interview going on and few with final round results pending, but uncertain if those will get offered.
Just Join this company, make your money. Try to get internally promoted, by the time next funding cycle comes up. Then, switch and max out.
Mehanti
Stealth
a year ago
@salt Internally promotion is easy??? Once you entered the ecosystem nobody cares
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yals
Stealth
a year ago
I have taken paycut even in good markets, as the role made sense in the long term. Overtime, it worked out well. Dont think too much. 10-20% here n there wont matter in the long run.
Forgot to mention, they told they will be able to revise salary in 6 months based on performance, by mutual trust.
BiryaniEnthu
Stealth
a year ago
Get it in writing. You know trust better
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Mehanti
Stealth
a year ago
Do not join that package will dragged you to 1 year back so instead of you should spend one more month also try negotiating with 16+2 offer or tell them i am very close to offer which is 20 may be they will run away with counter offer
Hope you have sufficient money to survive and Do you have loan?
1)I have no commitments.
2)They also asked me to send a copy of offer letter if I have any. So they know that I don't have an alternative right now
Mehanti
Stealth
a year ago
Tell them it's in process and hang them up
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Just joined the company it's very hard to get a job during these times and it might even worst if you don't get any other offers after this.
KeyCurrant4
Stealth
a year ago
Are you joining that Bangalore based company in Lending domain?
Accept the offer but keep giving interviews. Don't stop interviewing. You never know when you hit jackpot.
Then wipe them off from your resume. Your 4 months career break can become of 6 months. It might sound morally wrong, but that's how industry works. They are also doing wrong by exploiting you of your situation.
WebMaster69
Stealth
a year ago
Negotiate atleast at your previous one
SoftApp38
Stealth
a year ago
Friend was in a similar situation. What worked was when she took names of the other startups saying she has ongoing interviews at xyz, and they were ready to offer X amount. They matched that.
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