Thanks for your replies everyone !
One of my concerns was that CEO has been putting in all the money so far, so the valuation of the company is questionable.
Only comparison I could make was with another competitor in the same area, which is valued about twice of this company. So, the valuation doesn't look too arbitrary.
The good thing is that the CEO has been the CEO of another big company for >10 years. So he is capable of making this company a success. This company has been around for 5 years and has some physical products out there, so the chance of it going belly up over a short period is relatively low.
They are offering a salary that slightly exceeds that job current job including bonus/401K etc. and the vesting period for the options is 3 years with 1/3rd of the options vesting each year.
The CEO wants to make the company profitable and keep it private if possible. He said I could sell the options back to the company once they vest. He said he just converted somebody's options to company's stock once they vested. I am not sure if I can get real cash for the options though, if the company is still private and not seeking funding.
The offer letter says vesting period, but it doesn't give details regarding what happens if the company gets acquired before my options vest.
Is it okay to ask for the options agreement, before joining the company ?
Only comparison I could make was with another competitor in the same area, which is valued about twice of this company. So, the valuation doesn't look too arbitrary.
The good thing is that the CEO has been the CEO of another big company for >10 years. So he is capable of making this company a success. This company has been around for 5 years and has some physical products out there, so the chance of it going belly up over a short period is relatively low.
They are offering a salary that slightly exceeds that job current job including bonus/401K etc. and the vesting period for the options is 3 years with 1/3rd of the options vesting each year.
The CEO wants to make the company profitable and keep it private if possible. He said I could sell the options back to the company once they vest. He said he just converted somebody's options to company's stock once they vested. I am not sure if I can get real cash for the options though, if the company is still private and not seeking funding.
The offer letter says vesting period, but it doesn't give details regarding what happens if the company gets acquired before my options vest.
Is it okay to ask for the options agreement, before joining the company ?