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I'm a little suspicious of this dataset. $122k + 3.5% for a mid level product manager who joined Q1, 2011 at (presumably) Groupon? $320k + 1.5% for a C-level
by elbrodeur 16y ago
I'm a little suspicious of this dataset.
$122k + 3.5% for a mid level product manager who joined Q1, 2011 at (presumably) Groupon?
$320k + 1.5% for a C-level bizdev who joined Q1, 2011 at Groupon?
5% of equity to late entry employees at a company where, presumably, first employees have been diluted into sub .5% ranges seems not just ridiculous, but impossible. I mean, they just closed a series G for crying out loud -- they don't have 5% to throw at new employees.
Unless of course there are other group buying startups in Chicago with a valuation greater than $10bn that I haven't heard of.
- deleted 16y ago[deleted]
- jbryanscott 16y agoValuation and Headcount are supposed to reflect the valuation and headcount of the company when the offer was received. These offers with large equity grants (>1%) at very high valuation companies were likely received when the valuations were lower. I message this on the Add page, and most people follow it. It looks like a few people didn't in the examples you cite. I need to do a better job of messaging this on the Add page and add validation on the Add page to calculate Valuation * Equity = Dollar Value of Grant. Let me know if you have other ideas.