I'm being recruited for a Chief Product Officer role at a startup that did their Series A about one year ago.
I'm confused by the compensation package.
- Instead of straight equity, they are offering me stock options.
- The options are set at2x the strike price after Series B, which the company hasn't done yet.
- They've offered 0.5% ownership if I calculate it.
This seems low? Or are my expectations too optimistic?
I'm excited about the product and the role would be a fun challenge for me, but right now it just feels like I'd be leaving a cushy job in a post-IPO unicorn, with a lot of unvested equity still on the table, for something that... doesn't even have the promise of big money.
Please help evaluate the offer and guide where I should push to negotiate!