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Yeah, I forgot to mention,don't ask anything that is already answered on their page/blog. Also don't ask about pay details until after they bring it up. Howev
by brk 19y ago
Yeah, I forgot to mention,don't ask anything that is already answered on their page/blog.
Also don't ask about pay details until after they bring it up.
However, as far as options are concerned, you SHOULD (IMO) ask:
What is the size of the total pool?
What is the size of the employee pool?
How are the shares distributed in terms of preferred/common?
Under the current terms, what point do the preferred shares need to hit before the employee/common options participate?
Extreme and simple example: They could grant you 5 million common options out of a total pool of 100 million with an employee pool of 25 million. Which would sound like 5% of the company and a HUGE chunk of the employee pool. The investors and founders might have 50 million preferred shares between them, but if the terms say that the preferreds split the first $500M in an equity event before the common shares participate, your 5 million shares are never likely to see any value.
I wouldn't get too far down a rat-hole with this, but asking some good questions will usually help show that you're not option-drunk and easily bought off with big, but meaningless, numbers :)
- timr 19y agoDon't do this until you have an offer. The rule is: (s)he who says the first number, loses. Don't be a loser.