Is Esop mentioned on Offer Letter?

Hello All, I interviewed with a startup recently and some of their policies around esops was something I encountered for the first time in my career, so wanted the expert advice of the community on next steps. Surprise one: ESOPs will be allocated post probation period of 3 months and vesting starts from there and not the date of joining, I was surprised on this but upon discussion with the company POC I was given a reason of the legal fees involved, which sounds fair but the vesting schedule is it employee favourable? Surprise two: They shared an offer letter with only the fixed component and said ESOPs will be evaluated post completion of probation period basis performance. Upon further discussing in this I was informed that this is a standard format their VC(sequoia, a16z and elevation) have approved. Is this true because I asked around few of my friends and all of them said esops are an integral part of the startup compensation and all of my and their offer letters historically had esops mentioned along with their value. Wrt to point 2 an I asking too much or some practice has changed in the industary which I’m unaware about. Also esop value post probation evaluation, is it employee friendly as the employee is in non negotiable position, isn’t it ?

I have recently received an offer from a startup and my offer letter says that I will receive esops (post round). What does post round here mean?

Work as the only SPM at a seed startup in SaaS. Salary is 45 lpa and 12 lakhs of ESOP over 4 years . Only PM reporting to the CEO and we have doubled revenue in the last 12 months I have been here and contributing . I think I got low balled on the ESOP , appraisal discussions are around the corner and I would like to increase the ESOP What is the an average number ? Have seen the product folks report and 30lps seems to be the right number . Looking for other similar folks to advise

Work as the only SPM at a seed startup in SaaS. Salary is 45 lpa and 12 lakhs of ESOP over 4 years . Only PM reporting to the CEO and we have doubled revenue in the last 12 months I have been here and contributing . I think I got low balled on the ESOP , appraisal discussions are around the corner and I would like to increase the ESOP What is the an average number ? Have seen the product folks report and 30lps seems to be the right number . Looking for other similar folks to advise

Hi everyone, I joined a startup back in May which started in May itself. I wrote the first line of code and it has been the backend work since then and have hired a few interns along the way. I took some pay cut to join this startup and i didn't receive any share/ESOPs as well in my offer letter. but whenever i talk to my friends who have worked or are working in these types of companies, ask me to ask for the ESOPs/equity from my founder. I did talk about equity/ESOPs before accepting my offer letter but that time, they said, you will be issued ESOPs later on when we raise some funding. We will make some ESOPs plan when we raise funding. I know that our company has only raised friends and family round of amount near to 1cr. Now I need advice on.. should i bring up this conversation again with the company's founder ? And how much percentage of equity should I be asking..? given that I am giving my 101% daily and leading the backend team.. although i have industry experience of only 3 years but have good academic achievements and has completed graduation in computer science in tier-1 college.

Hi all, I recently received an offer from a startup. They have included esops in that but the strike price will be the current price. Is that a common practice? I though the esops granted have a strike price of 0 or very close to that. If i take them at current price then I only make money from the next upwards valuation only. Need your advice Viners!

Hello all! I am working as HR Head in a growth stage startup in Bangalore. So many people here talk about compensation, culture, growth etc. Happy to answer questions related to HR/Culture/Startups.