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I don’t know how genuine OP is, but this is too much cash and too much equity for a series A crypto company
23.7. klo 03.55
Update: I have it from multiple sources (recruiters I know and trust) that CMO roles at Series A crypto companies are getting offers $250-400k cash + 1% or more equity + incentive bonuses.
Generally if a series A crypto startup is offering you this much it's because either
a) they are not actually series A but raised a big enough seed round to claim it or
b) the company is really struggling and you are effectily joining a distressed asset.
I think people should talk about this stuff more openly -- back after FTX collapse i got two unsolicited offers from new L1's or L2s to join them. One was $650k cash + "10m over 4 years" in tokens, the other was $225k cash about 1/10th the tokens of the first based on most recent valuations at the time
the first one never launched a token and largely failed as a project, the second one's token is trading well in the top 20 and valued where the first one claimed it was
Obviously I wasn't gonna leave solana -- but I hope this is illustrative for folks.
if the offer feels too too to be true, there's likely a reason.
@intern follow up might be relevant
24.7. klo 21.35
Generally if a series A crypto startup is offering you this much it's because either
a) they are not actually series A but raised a big enough seed round to claim it or
b) the company is really struggling and you are effectily joining a distressed asset.
I think people should talk about this stuff more openly -- back after FTX collapse i got two unsolicited offers from new L1's or L2s to join them. One was $650k cash + "10m over 4 years" in tokens, the other was $225k cash about 1/10th the tokens of the first based on most recent valuations at the time
the first one never launched a token and largely failed as a project, the second one's token is trading well in the top 20 and valued where the first one claimed it was
Obviously I wasn't gonna leave solana -- but I hope this is illustrative for folks.
if the offer feels too too to be true, there's likely a reason.
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