Ask HN: What's the best referral bonus you have ever got?
8 pointsby pythoncloner6 comments
It's 15% increase on my current salary.
50 Engineers already and company is of size 300. Options % is around 0.026%.
One year cliff and month by month.
They have raised over $50Million and bay area. I have 2.5 years of experience.
Before joining seed stage startups, you should verify that whether the existing team can take the startup 100X or not. 1% of 100M exit is nothing but 0.1% of 10B is big deal. You should have interviewed with atleast 5 startups before taking the decision. I interviewed at quite a few startups and i had multiple offers and i finally got the best deal i can ever get. I know that this startup founders are impressive and they are nice and they will do well. But you have to move out of your comfort zone and talk with 5 more startups. Then you will come to know about the startup market.
Please use wealth-front chart to find out whether you are getting right deal or not. https://www.wealthfront.com/tools/startup-salary-equity-comp....
Use www.Offerletter.io to validate that your decision is right or not. They have really great people who knows the startup market better than us. It doesn't cost you anything unless you get 20% more equity during negotiation. Of Course, you will get more than 20% if you negotiate in any company. Talking to them was worth it!
Don't join startups whose selling point is that they will get acquired as well.
Also, if you don't know what's Double Trigger Acceleration now, don't just join startup anytime soon. Read about startups and contact lawyers who are expert in stock options. They charge $300 but they save you $300K - $3M.
P.S: I'm not an expert. But I took more time to decide between offers and it gained me 2X stock options and 1.3X salary to me.