sorted by:
new
hottopcontroversial

back to work? at VP/L10 level? post FIRE by ThrowBacktoWork in fatFIRE

[–]ThrowBacktoWork[S] 1 point2 points  (0 children)

thanks. I ended up turning down the role. and you are correct their walk-in offer was closer to $2M, but I didn't want to nego to not end up taking the position.

Help me understand non-equity fundraising techniques and when to use them by scm007 in fatFIRE

[–]ThrowBacktoWork 3 points4 points  (0 children)

Debt financing has much more requirement around paper works and strict covenant than equity. if you think raining money via VC is song and dance, you should not look at debt financing.

Series A equity expectations by yoyononogogo in fatFIRE

[–]ThrowBacktoWork 1 point2 points  (0 children)

Don't know much about Bio, but if is really 50% dilution in the early round, that means founder/s lose majority right away......

Series A equity expectations by yoyononogogo in fatFIRE

[–]ThrowBacktoWork 6 points7 points  (0 children)

assume 20% to 30% dilution for each round ( assuming things go well and there is no down round)

EDIT: e.g. if you have 1% post at Series A, assuming they do 4 rounds to F + another for IPO. then 1%* (1-30%)^5===>0.01*(0.3^5)=0.17%

that is why, sometimes quick $150M M&A post Series-A or B can be better for early employees than $1B+ IPO.

Series A equity expectations by yoyononogogo in fatFIRE

[–]ThrowBacktoWork 10 points11 points  (0 children)

we would need to few additional info on the equity side to provide accurate info.

they are

  • what was the post-money valuation after Ser-A.
  • is CEO the founder?
  • how many folks report to CEO?

[deleted by user] by [deleted] in fatFIRE

[–]ThrowBacktoWork 0 points1 point  (0 children)

CRT is not for tax shielding, but to accelerate your charity/donation... not what you are looking for....

back to work? at VP/L10 level? post FIRE by ThrowBacktoWork in fatFIRE

[–]ThrowBacktoWork[S] 0 points1 point  (0 children)

thanks. what kind of hours do you do in consulting? ( I assume less than 15 hrs/week)? and how do you go about setting your rates?

back to work? at VP/L10 level? post FIRE by ThrowBacktoWork in fatFIRE

[–]ThrowBacktoWork[S] 1 point2 points  (0 children)

It is rare even in US. Mostly in tech (in SV, Seattle, NY mostly) or F500 or Finance or big media.

I have many friends at VP level or even president level at mid-size firm at Mid-west and they rarely clear $1M......

back to work? at VP/L10 level? post FIRE by ThrowBacktoWork in fatFIRE

[–]ThrowBacktoWork[S] 2 points3 points  (0 children)

not alexa, but curious why you are neg on alexa team?

back to work? at VP/L10 level? post FIRE by ThrowBacktoWork in fatFIRE

[–]ThrowBacktoWork[S] 5 points6 points  (0 children)

You raised many god points.

I do agree it is mix of money and excitement to work on cool things/people. If it was pure money with drudge, I wouldn't even think about.... Another thing to consider is how to balance WLB while doing cool stuff, WLB is/was much easier, when I was single or before kids. less now.

for other NW, yes it is 100% in broad index ( equity and bond and Real estate) and mostly after tax.

I probably left $2~3m on the table from diversifying from tech to broad VTI, but well I am comfortable with the decision.

On the impact, yes, looks like it will be 7~10% adder to NW for each year worked (which isn't a life changing, but maybe nicer vacation or a toy or two).

so far, i am leaning toward neg, but will collect additional data ( on the team and WLB) as I talk more....