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I'm entering discussions regarding a new job at an IT company with 200+ employees. The position is as Director with responsibility for important projects, direct reference to the CEO, and as part of the central management team. The company recently got financing (think 30-60 million USD) from a private equity fund, so they a) seem pretty serious, b) are probably targeting an IPO in the next 3-5 years  BATNA: I currently work in management consultant, have 6 years of experience, and I'm doing fine as is. But turbulent projects, long hours and a flattening learning curve mean that I'm open to new opportunities, even though I'd probably prefer a role with less hours than this one. However, there are both responsibilities and opportunities in the new role that makes it feel like I have to give it a shot. My dilemma: They will most likely offer a nice salary bump compared to my current pay — however, I'm already content as is. And considering the importance of the area of responsibility I'd get in reaching growth targets before the IPO, I'm going to ask for a small stake in the company on top (like ~0.5 - 1%). It's obviously a long shot, but I'm turned off by the thought of spending the next 3-5 years working hard, only to miss out on a potential IPO  On the other hand, the other members of management have been working on this for 7-10 years or something like that, so they have a head start. Does it sound unreasonable? They can definitely find other suitable candidates, but I think I'm a pretty good bet and with a minor stake, I'd be even more personally invested. How hard should I stand on this requirement? Would it be worth it to accept a lower salary, provided I get the stake, or is that just gambling too much on the potential success of the company?
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Mar 15, 2016 12:33
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| # ¿ May 16, 2024 17:55 |
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Vulture Culture posted:Unless the company doesn't generally offer any equity whatsoever to their employees, or your name carries a reputation, 0.5%-1% is way more than you should ever expect to get for being employee 200+. Thanks for the input both of you - it's really helpful to get some perspective. As far as I know, all equity is currently held by 3 or 4 stakeholders (CEO, two other members of management and the PE fund). The growth case for the company is to increase revenue 5-10x in 5 years or so (I can't remember the details), so it's pretty ambitious. At the same time, the job in question would be one of the main responsible positions for realising this growth, so I'll keep pushing for equity, but potentially in the form of an annual bonus or some other solution that's contingent on performance. If equity is completely out of the question I'll obviously still consider the offer, but I'd rather stay at my current job and save my health, than spend 5 years busting my rear end night and day for a small salary increase. I'll keep you updated.
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Mar 15, 2016 18:34
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