Quote:
Originally Posted by goofyballer
Quoting above for comparison. Update: got DBAM offer details, finally. It is...on the low side! And obviously I can negotiate it up a bit, but there's a large gap to be made up that has me nervous.
Base: current salary minus 60k
Bonus: 20k/yr (base; could be as high as 40k if I kick ass but I have no visibility into how easy or hard that is)
RSU: 140k, typical vest
RSU is public stock in this case, but all in all, that still means...
- ILPS: total comp is current salary + 50k cash + 50k private stock
- DBAM: total comp is current salary minus 5k
I mean, yikes.
Okay, got updated DBAM offer today after I said "yeah that doesn't work for me" and gave them a hint about the kind of offer ILPS was giving me, and they upped it by ~45k.
Base: current salary minus 45k
Bonus: 20k/yr
RSU: 270k
So:
- ILPS: total comp is current salary + 50k cash + 50k private stock
- DBAM: total comp is current salary plus 43k cash (treating public stock as == cash)
With refreshers, if I can generally expect (though I don't know for sure how this works) refreshers to be roughly initial grant / 4:
Year 1: current + 43k
Year 2: current + 59k
Year 3: current + 76k
Year 4: current + 93k
Year 5: hopefully promoted already or get another huge grant or whatever
I have been reluctant to share exact details of the ILPS offer with DBAM, mostly because I didn't want them to simply match it and be done with it, but I guess given that ILPS is private, I'm not sure if DBAM would try to match the cash compensation (which they're now roughly near) or the total compensation (which would still be a decent jump, and would be awesome for them to match).
ILPS, of course,
also offers refreshers, just with the caveat that it's more of the private stock which obv has a riskier value attached. That said, they are in an exciting area of tech and have a viable business (imo) ahead of them, so it's hard for me to weigh whether their RSUs will be worth $0 down the road or several times their current valuation.
Still, it feels hard for me to jump aboard the DBAM train with these two offers. After two years, cash compensation would be roughly equivalent, but I'd have an additional $100k in ILPS' private stock accrued, which (if it came to a liquidity event) would likely be worth a multiplier of that. And I'd say I'm moderately bullish on the work they're doing as a company. I came into this kinda
wanting to pick DBAM, but they're kinda making it hard for me to want to pick them now.