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by systemBuilder 2618 days ago
If the company is pre-ipo then look for top 10 venture capitalists as investors (Kleiner Perkins etc). This signals a company with good prospects! You do research - if you have to, pay the money to join CrunchBase - and figure out what each share is worth in the last funding round in dollars. Sometimes it's published in news articles and sometimes in Delaware Corp filings ($$$ to retrieve; crunchbase is easier). Their offer should be market if the (stock grant) x (last funding round price/share) + your base and bonus is average for a person at your level. Check levels.fyi. check Glassdoor salaries. If it's a unicorn check the university of bc unicorn report to see if there are ratchets or preferred shares (bad for you, a common stock grantee) in previous funding rounds. Then make a guess if they can IPO. 95% of silicon valley companies cannot. I picked one that was already getting ready to file an s-1 (IPO disclosure).

My biggest mistake as a new grad PhD was local cost of living. I wanted the prestige of working at a well known university. Turns out I didn't have the safety net or family wealth to work there.

Use an online calculator to estimate after-tax take home pay. Look at home price per square foot. A good offer nationally will pay 300 sq ft of real estate (take home pay) per year. My salary has varied from 110 to 1800 sq ft per year. I quit the 110 sq ft job after 2 years I just couldn't afford it; that is unsustainable! The 1800 sq ft job was in Phoenix; one house (new) per year! My current salary is ~250 sq ft a year which sucks nationally but is good for one of the most expensive cities in silicon valley (400+ sq ft just a few blocks away in a lesser school district); I am very Senior with 30 YOE.

1 comments

+1 I like your metric, $ as sq ft / yr.