Description
A Guide To Negotiating Offers
[00:00:00] Would you take a role at a startup company, in an industry that is likely to consolidate? And that's a good point. I'm a mid/senior big law corporate associate. Have the opportunity to join a startup that is entering its series C. The space is consolidating, its past-due for consolidation, and the consensus from those in the space is that this company will be wanting to be acquired, not the one that will acquire others. Comp is below my big-law comp, but they offered me more than I expected and the comp is very doable - benefits are okay. But, no bonus, stock options, 401k match, fully paid health insurance are positives. Big plus is, I would be the sole in-house legal counsel, and they would want to me to grow into the GC Downside as I would have to commute to work, currently work don't own a car.
Would have to leave my year-end bonus and half of the COVID bonus.
Wow. Yeah, it sounds like a good opportunity in a lot of respects. I Everything that I've talked about today, about going in house and the negatives certainly applies. But, if the industry is going to consolidate, and if the companies do well and it's acquired then the stock options are likely to go up in value quite a bit. And, it could be a good opportunity for you, if [00:01:00] you have a lot of faith in it.
I'm not an expert in negotiating stock options, but I might, try to get more rather than less compensation and so forth. But, the idea that you want to build the department here, say, you don't own a car, that's fine.
I don't know that I would give up $150,000, but that might be quite a bit. So, I don't know. I'd have to think about that if I were you. The big thing I tell people is that, your happiness and success is more important than short-term inconvenience.
So, that's a big deal. And then you need to ask yourself, the commute and stuff ,is your happiness and and success. Sorry, you have to ask yourself if that, if this is really something that the money $150,000 or not look like anything to you in the future.
Really, it's a lot of money, but if this works out, and the commute won't be anything. So these are just two small things that could be standing between you and a really good opportunity.
The other thing I don't like is when people say stuff like, we'll see or we'll talk about this in the future.
That means they're not willing to commit, and if someone's unwilling [00:02:00] to commit to making UGC then that's a problem. So that means it may never happen, and you can't trust people if they don't put anything in writing. I would think about that. What does that mean?
Anybody that's negotiating offers, by the way, always ask yourself if someone's not willing to put something down or they're saying we'll see in the future, that typically means that you're not get what you want in the future. It's just something I would be careful about in the future.
