I'm switching PM jobs from my existing company (Series E unicorn) where I had a good ESOP policy to a smaller company (just past Seed stage, raising Series A).
Weirdly, they're not offering me a proper ESOP package (vague figures, no useful $ values mentioned in the offer) even though the salary offer is pretty good. Company culture is good & team seems happy during my interactions.
Should I be worried? Any suggestions on how I can approach this convo with co-founder are welcome too.
Given that i had worked at seed /A, the fohnder believe that you prove your worth and then ask for esop in the next appraisal cycle. Plus you can ask for additional esop or leaner or faster vesting if they dont compensate for esops in year 1.
Also, at that stage the documentation on esops is shabby, so you have to follow up multiple times to have something clearly written.
Thank you! Exactly the guidance I was looking for.
Welcome, could tell your PM YOE and did you get a title jump?
Which company are you switching to?
Prefer not to disclose atm. I work in a slightly niche space within Fintech.
That's fair. I'm also looking to switch so just wanted to know which co's are still hitting
Words aren’t enough when it comes to money matters.
Ask them for valuation they had, esop pool size, how much percent equity, number of shares, vesting period, holding period from grant date and everything under the sun
Vesting period is the only thing that's clear, because they're following the regular 4-year with 1-year cliff format.
Everything else is fuzzy. I got the feeling they're reluctant to offer employees equity, but I don't know what that says about the mgmt.
Not sure if it's a red flag, or just their preferred way of building the start-up.
Anyways I think 1y will be cliff, if they don’t want you to have equity then they can fire you anytime
I honestly don't know what Series A founders expect from one's work to make them generously give more esops.
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 lo...
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 lo...
Hi, I got an offer from a Series B startup and they are giving me 3000 shares of ESOPs vested over 4 years. Right now the value of each shares are worth $5 and has a potential to grow after new funding rounds this year. I feel 3000 share...
Eg. Seed -> Series A. What percentage of your CTC should be ESOPs across stages?
I have 6 years experience. My current base/fixed is 60 LPA. (I also got a 5 lakh bonus and 5 lakh of my ESOPs vested this year making my total vested about 30 lakh. So the total comp is 70).
I'm being offered a senior engineer positi...