I have a job offer from a pre-IPO company. They announced that they will go public in a year or two and their current valuation based on last round of funding is about $300M. They offered me to own about 0.1% of the company in a 4 year vesting schedule. I made this 1% translation. They actually offered numbers of shares and they verbally told me how many shares exist. (Is this safe to say this offer is 0.1%?)
They say they will be validated around $1B when they go public and in any case they will not exit for less than $700M.
On the other hand they don't offer a good salary. Their offer is $20K less than what I am making right now. They have a little better benefits and also better brand compared to my current job.
My question is how should I validate this equity offer? Does it make sense for me to leave my job and join this company? How the risk factor work here? They look like a solid company. They are cash-flow positive and grow is almost a sure thing in my opinion.
What I want is a translation of this offer to dollar/year for me. I know it is not possible to estimate it but I would appreciate if you can explain all possible scenarios.
