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>SaaS company
>Started 5 years ago
>Just received 2 investors of ~$50mil for a $150m total valuation
>$50-75m revenue this year
I got hired on the marketing team with a ~$60k salary in a "managerial" position. The marketing team is really small--less than 5 people.
There was nothing about equity or stock options in my contract. Should I ask HR? How do I ask? How much should I ask for and what are the standard terms?
I'm also going to ask my colleagues to see if they have options. I've already signed the contract though, which was dumb of me.
Any help appreciated!
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Is the company public or private?
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>>1671902
Should have mentioned--private.
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They used to hand out equity to everyone, but the majority of companies don't offer stock options anymore everyone. I'm sure there's a few people there with equity (probably the VP or head of marketing), but I'm willing to bet they won't offer equity to the average marketing person.
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>>1671832
OP, in your professional opinion, what would you say about the future of SaaS companies? Are they replacing their offline equivalent?
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>>1672065
The equity is owned by the founders and the investors. It would be highly unlikely for those people to say "why not" and give you equity.
Today's employees want zero stock, zero options, and as high a guaranteed salary as they can get.
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>>1672159
No that isn't standard. Your peer group wants money, not equity and the companies feel pressure to do it that way.
If you want equity, learn your industry well and then set up shop on your own. Instant 100% equity.
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Can you buy me CS:GO?
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>>1671832
How many employees?
Getting a piece of the company is usually reserved for about the top 20 positions.
As for stock options that is something you negotiate before the hire, not after. Some companies offer stock, some dont.
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>>1672378
There's like 50 engineers and maybe 30 for business dev/marketing/finance/account management etc.
My colleague (of same level) didn't get options
I'll check with HR to be sure but I guess I'm not too surprised - hopefully I can get a few points after X time but seems unlikely
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In a high growth company, equity is worth much much more than salary. Especially when investors want to not dilute the share pool.
You are just an average marketer. Maybe in a year if you bring in some major contracts that are solely related to marketing you can start to ask for stock, there is no need when marketing is a thin market already.
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