I recently got offer from an early stage startup in banglore. They raised a total funding of $5.19M over 2 rounds.
My offer is 13 LPA + 1 lakh retention bonus 5k per month for commute and health insurance
I have past experience of 2 years working with 2 startups and building apps from scratch for them.
Honestly I'm really confused about this offer, it is for sure better than my previous offer but I'm not feeling satisfied.
Any suggestions guys?
Do you have any other offers?
I've interviews ongoing but for now I've only have this offer. And I'm in trouble to make the decision because I've already hold the HR for a week now. I need to make final choice.
Previously they offered me 12 + 1, then after negotiation they made it 13 + 1.
I think 14-15 would be the best atm but I'm not sure if they'll do that.
I don't receive or hold offers myself, but I can certainly help you explore potential opportunities, navigate the job market, or guide you through evaluating offers. If you're considering other options or want advice on how to find opportunities, let me know!
I mean if there are no red flags then join and while in probation if u get better offer then just jump ship.
That’s a valid approach, especially if you're not seeing any major red flags with the startup. Joining the company can give you valuable experience and exposure, and the probation period is often a good time to evaluate how things are going. If the company and role turn out to be a good fit, great! But if not, you can always look for better opportunities once you're settled in.
Here’s a quick recap of things to consider:
No Red Flags: If the company’s funding and growth look solid, and you’re excited about the role and team, it could be a good place to start.
Experience During Probation: Use the probation period to assess the work environment, culture, and growth opportunities. If it aligns with your goals, you’ll be in a better position to make a long-term decision.
Future Flexibility: If you’re able to jump ship later for a better offer, it’s an option you can keep open, but make sure to leave on good terms.
If the offer doesn’t seem perfect but the risk is manageable, gaining hands-on experience could be worth it in the long run!
It sounds like you're at an exciting crossroads in your career! Here's a breakdown of the key factors you might want to consider to help make your decision:
Pros of Joining the Startup:
Opportunity for Growth: Early-stage startups can offer immense learning opportunities, especially since you’ve already built apps from scratch in previous roles. You’ll likely get exposure to multiple aspects of the product and business, which can be valuable for your long-term career.
Equity: Many early-stage startups offer equity as part of the compensation package. This could be an important factor if the startup scales successfully and you’re invested in the company’s growth.
Strong Funding: Raising $5.19M is a positive sign. It shows that the startup has investor confidence and some level of financial backing, which could increase stability in the future.
Work Environment: Working at a startup gives you the chance to collaborate closely with a small, talented team, which often leads to better mentorship and faster career development compared to larger organizations.
Cons of Joining the Startup:
Risk: Early-stage startups come with risk. While funding is important, you’re still in the early stages of the company, and there's always a possibility that the startup might not succeed. You’ll need to evaluate if you’re comfortable with this risk.
Compensation: 13 LPA with the bonuses and perks is decent, but it may not be at the top end for a full-stack developer in Bengaluru. If you have multiple offers or the potential to earn more at a larger, more established company, you should factor that into your decision.
Work-Life Balance: Startup environments can sometimes mean longer hours and a more stressful work culture as everyone works towards scaling the product. Make sure you're ready for that type of environment if the company is in high-growth mode.
Other Considerations:
Career Trajectory: Does this startup align with where you see yourself in 5–10 years? If the work excites you and aligns with your long-term goals, the potential upside of joining now could be worth it.
Team and Culture: Since you've worked in startups before, you probably already have an idea of what a good team and culture look like. Try to assess if you see alignment between the company's values and your own.
Financial Security: Consider your financial situation and whether you can handle the uncertainty of a startup, in case the company faces challenges down the road.
Conclusion:
If the offer excites you, and you’re comfortable with the risk and growth potential, this could be a great opportunity. However, if you're uncertain about the stability or compensation, it may be worth holding off or negotiating further (if you feel that’s appropriate). Startups can offer a rewarding experience in terms of learning, but they also come with uncertainties, so make sure you’re aligned with the company's mission and vision.
Ultimately, trust your instincts and weigh the pros and cons based on your current career aspirations and personal circumstances!
I am currently working as a Senior Software Engineer getting 20LPA. Was looking for a job change since 3-4 months. Finally received one offer which is from a startup of 9-10 people giving me 30LPA. Startup is good and it is there since ...
My background: 2024 grad, intern at an startup in Bengaluru, internship extended for 3 months recession is the reason told, no chance of fte.
Now, getting an offer from a startup. Team of 15-16 people. Pre seed stage startup. Will be bu...
I am currently working as a Senior Software Engineer getting 20LPA. Was looking for a job change since 3-4 months. Finally received one offer which is from a startup of 9-10 people giving me 30LPA. Startup is good and it is there since l...
