Stealth • 5m
This new seed stage startup is offering me 30% less salary and ESOP’s worth 2x my annual comp saying that it will explode 10x in the next round? Sould I take it or pass?
Stealth • 4m
I think as someone said its mainly on how much you believe that the startup is gonna make it or not. If yes then Esops are big a yes otherwise you know the answer
Pass unless they're willing to give you a buy out option at 5x
Noone can guarantee that esops will explode 10x
If money is not priority and if you have a crisis savings of atleast a year, go for it. Esop’s can really pay well if you’re lucky. Salary is for living. Esop’s make you wealthy :)
Lol, we were promised Esops and what not, startup couldn’t raise, got acquired, we moved in the new company and got jackshit. Literally nothing while the founders made a ton. False promises are a common occurence in BLR startups. Need to be careful.
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Ola • 5m
Tricky. A lot of seed companies never make it to SeriesA. SeriesA is one of the most challenging rounds in India as the VC pool shrinks significantly post Seed round. very few VC’s, lesser chances. You have to tread carefully. Only if you believe that they are truly wonderful and are growing great, leadership is sound, only then take it. More like you yourself are betting on the startup.
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