HNadvice
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Joined 5 years ago
Thank you all for your comments. I did receive an updated offer letter today that writes out that the minimum revenue in year one will be $50K. There is no revenue share after year one so I just asked if a revenue share can be provided after year one.
I was excited to hear from their CEO and flattered to receive an offer but lost some of the excitement when that offer came $25K less than what I make now. If I hadn't heard from the acquirer, I would just continue my full-time job until I go on paternity leave in a couple months.
After more dialog, the acquirer updated the offer with a $50K rev share minimum at the end of year one and $25K rev share minimum at the end of year two with the sentence "assuming you are still employed with [acquirer]". The base salary still remains $25K lower than my current base salary.
Also, my current employer just informed me that they will not be providing / continuing my pay during my paternity leave; I will just receive FMLA coverage and PFL through the state of California. Due to this, I did ask the acquirer for part-time work so we identified a project I can work on but they haven't provided any payment / salary information.