Tech

A startup founder says job candidates focus on the wrong thing when negotiating their pay with startups - here's what they should look at instead

Posted On: Aug 18, 2018   |   Posted By: Business Insider

A startup founder says job candidates focus on the wrong thing when negotiating their pay with startups - here's what they should look at instead

Henry Ward, cofounder and CEO of Carta, says tech workers make a common mistake in evaluating job offers from startups.
Those offers are typically heavy weighted toward stock options or other kinds of ownership stakes, rather than cash salaries.
Job candidates tend to focus too much on how much those grants are worth in the near term and not enough on what they could be worth in the future, he says.
Options can offer a huge payoff if a startup is successful - but they can also be worth nothing if its fizzles out.
Getting a job offer at a startup is exciting. But making sense of the pay package startups offer can be daunting and confusing.
Big, established tech companies such as Facebook, Apple, Amazon, and Google often have the resources to pay new hires ridiculous sums of money. But startups usually don't. Instead, in lieu of high salaries, they typically offer candidates equity in the company in the form of stock options or other kinds of ownership stakes.
Options give employees get the right to buy stock...

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