
Offer review from E-commerce startup
Recently interviewed by a growing E-commerce startup (valuation > $10 million) for an SDE-2 role and then got the offer. YOE- 3.5 years.
Current salary-
- 29.8L base + 2.2 Variable
- ESOPS worth 20L vested over 4 years
- Company- Fintech
Offer details:
- 36L base salary
- ESOPS worth 20L vested over 4 years
- 1L bonus after 3 months of service.
But there is a catch:
- It's 6 days WFO.
- The founder himself told me that the normal working hours are 12 hours a day at least, and 1 out of 3 new hires leave the company due to work pressure.
- Extended offer only after 1 round of tech interview, normal companies take 2-3 rounds.
I am in a huge dilemma, this is a dream salary for me, but the above points are scaring me. What should I do, please help folks?
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Okay
You already have 90% of the package. Why choose something with more load for 10%?
You are already making 30lakhs, +6 won't make much difference to you. Btw where do you guys apply for these jobs
Yeah, that is true, actually since it is a fairly small startup, I directly DMed the founder on linkedin, thanks to linkedin premium.
if the founder himself is telling that, id take his word,
you can also try reading glassdoor or ask ex employees(must be many now)
Yeah, he himself emphasised on the very fast working culture, will ask employees as well, thanks.
Skip the offer. Let's say if you get 1.2L variable in your company that'll make your salary 31 LPA.
Offer you have has is 36 L. So, difference is just 5 Lakhs, 30% of which will go in taxes reducing in-hand difference to 3.5 Lakhs.
Now think it this way, working 6 days a week you work 4 days extra atleast every month and 48 days extra in a year. Which is basically 2 months of extra work. As, out of 30 days we'll have 5 days working.
For easier calculation even if I consider 30 L as your base and 0 variable so it's 2.5L/Month.
And in new offer you'll get just 3.5Lakh to work for 2.25 month.
So if you compare your offer with respect to number of days you'll be working you are getting no raise but deduction in your salary.
Also working 6 days will leave you no room for your own, friends and family. And this might affect your mental health.
So I'll say you shouldn't even consider the offer.
Thanks for such detailed analysis, def not joining them.
Also, usually it's 8 hours working mostly. So 12 hours a day is more like working 60 hours a week. Which is equivalent to working 1.5 week in your company. So this offer is just highly underpaid sort of thing as per the expectation of founder.
Are you “living to work” or “working to live” 😊
What a line bro!
How does the founder seem? Does the startup excite you? Is it worth it to work 6 days a week and 12 hours a day?
If the answer is yes, then just take it. If you're iffy, then skip it. Honestly, 12 hours a day for 6 days is intense. If it's only a 'dream' salary for you, I don't think it makes sense.
I would take this if I truly feel working at this startup is going to teach me A LOT, or make me very rich if things work out.
Is it into ecommerce or quick commerce?
E commerce d2c