Hey HN,
I came across this thread - https://news.ycombinator.com/item?id=19624164 and after reading the horror stories I am really in a fix whether this is a step in the right direction.
I cant reveal more details but here are a few things.
1. The startup is an interesting space and ARR of $XX millions.
2. There are backed by very good SV VC`s who have a good track record of ensuring companies go public.
3. I will be in a position to declutter the tech stack/work on a couple of new exciting products and potential room for growth is good.
4. I have had a couple of meetings with the execs; I am impressed with their track record and everyone seems genuine and honest.
I am taking a pay cut to join the company and I would have to spend > $100K to exercise my options at the joining date which I am told is the best way to avoid AMT and has other tax benefits if the company were to grow exponentially in the next years.
I would have a take a decent chunk of money out of my savings to pay this amount, my question is what risk factors should I consider; Usually people only talk about the negative experiences, so please give me a reality check both good/bad;
Thanks!
I came across this thread - https://news.ycombinator.com/item?id=19624164 and after reading the horror stories I am really in a fix whether this is a step in the right direction.
I cant reveal more details but here are a few things.
1. The startup is an interesting space and ARR of $XX millions.
2. There are backed by very good SV VC`s who have a good track record of ensuring companies go public.
3. I will be in a position to declutter the tech stack/work on a couple of new exciting products and potential room for growth is good.
4. I have had a couple of meetings with the execs; I am impressed with their track record and everyone seems genuine and honest.
I am taking a pay cut to join the company and I would have to spend > $100K to exercise my options at the joining date which I am told is the best way to avoid AMT and has other tax benefits if the company were to grow exponentially in the next years.
I would have a take a decent chunk of money out of my savings to pay this amount, my question is what risk factors should I consider; Usually people only talk about the negative experiences, so please give me a reality check both good/bad;
Thanks!