Your Offer
Hello Dan,
We are so excited that you're considering joining us.
On this page, you'll find details about your compensation, benefits, and the company.
If you have any questions, please reach out to me personally at founder@example.com Refugio Schroeder I, Founder
Refugio Schroeder I
Offer Summary
| Title | Senior Software Engineer |
|---|---|
| Team | Product & Engineering |
| Manager | Refugio Schroeder I |
| Offer Expiry | December 31, 2021 |
| Location | Remote |
| Total Compensation | $170,500 |
|---|---|
| Annual Salary | $110,000 |
| Target Bonus | $10,500 |
| Equity Grant | $50,000 (annual) |
| Paid Time Off | Unlimited |
Your Offer
Compensation
Company
Legal & Finance
Documents
Total Compensation
| Annual Base Salary | $110,000 |
|---|---|
| Pay Period | Bi-weekly |
| Target Bonus | $10,500 |
| Equity Grant Estimated Value | $50,000 |
| Paid Time Off | Unlimited |
Equity Grant
| Equity Type | Options |
|---|---|
| Granted Units | 50,000 |
| Notional Value Per Year | $50,000.00 |
| Notional Total Value | $200,000 |
| Strike Price | $0.05 |
| Vesting Schedule | 4 year vesting monthly with a 1 year cliff |
| Post Termination Exercise Window | 90 days or 10 years if employed for more than two years |
| Offers Early Exercise | Yes |
| Company Valuation | $25,000,000 |
|---|---|
| Latest Share Price | $1.1 |
| Current Value | $52,500 |
| Estimated Value (10x Growth) | $547,500 |
| Estimated Value (50x Growth) | $2,747,500 |
| Estimated Value (250x Growth) | $13,747,500 |
You will recieve options in our employee stock options program which offers the potential for your compensation to grow with the company. In addition to your base grant, we offer yearly refereshers based on performance reviews.
We offer the ability to extend the post termination exercise window to up to ten years if you stay with the company for more two years.
Your strike price and grant date may change based upon your start date and your grant is subject to board approval.
Equity Growth Calculator
Benefits & Perks
Unlimited PTO & Sick Leave
It's important to take time to relax and unwind! We offer a flexible, unlimited PTO policy for all full-time employees.
Paid Parental Leave
This is an important time for parents to welcome the addition of a new child to their family! We offer 12 weeks of paid parental leave that will work in conjunction with any parental or disability leave you may be entitled to through state and federal law.
Medical, Dental, Vision Insurance
We pay 100% of premiums for health, dental, and vision for you and your dependents! We offer coverage through the following health insurance providers.
For Health insurance, choose between two generous plans: a PPO with a $0 deductible or an HSA.
Other related benefits available: Flexible Savings Account (FSA), Life and AD&D Insurance, Short Term and Long Term Disability Insurance.
401(k) Retirement Plans
Save for your future by contributing to a 401(k) through Vanguard. We offer both Traditional and Roth options.
Mission & Values
To make our customers more productive and successful
We aim to provide ...
We do this by ...
Our Values
Be Customer Centric
By seeking truth from customers and teammates early and often, we develop rigor around ideas, plans, and work product.
Move Fast
We achieve speed and quality by focusing on fewer details and getting them exactly right.
At AltaVisto, we look for team members from every background, discipline, and geography. Diversity in skills and diversity of experience are among the tools that make us strongest.
Our team size is 20 employees.
Our leadership team is comprised of the CEO: Sumukh Sridhara, who joins us from SpaceX.
Sample Employee, Senior Software Engineer
AltaVisto is a great place to work. It hits all the checkboxes in a workplace for me: autonomy, impact, and interesting work. It’d be really difficult to find a more exciting place to spend my time building meaningful relationships and products.
Your First Month
We want you to do the best work of your career here. When you start, you'll receive everything you need to get started including a laptop and access to our internal tools.
To help you get started in your first two months, we will have you work closely with an onboarding mentor and your manager.
Week 1
- Meet people
- A 1x1 with your manager and onboarding mentor.
- We'll help you get to know the other people on the team through coffee chats that we will schedule.
- Set up your tools
- We'll make sure you get set up with an email account and other communication tools
- Your first project
- Together with your manager, you'll find your first project to work on.
- HR Work
- We'll go over your benefits in detail and give you context about the business and people you will be working with.
- Launch something
- You can have an impact here from Day One. For example, engineers often ship a change to production on their first day.
Week 2-4
- Learning
- We want to help you become an expert in our business domain.
- Your manager can suggest helpful reading material to help get you up to speed on our business
- Continue to meet people
- We'll keep the coffee chats going.
- Ship your first project
- Your manager will help choose an impactful project.
- Check In
- We'll periodically check in to see how things are going and if there's anything we can help with
Glossary
| Term | Description |
|---|---|
| Equity | Ownership of a company (often in the forms of shares). Companies often award equity as an incentive to financially share in the growth of the company. |
| ISO (Incentive Stock Options) | These are stock options that are specifically for employees of the company. ISOs have a variety of tax advantages (such as the ability to gain long term capital gains treatment if properly exercised and held), but are also subject to restrictions such as a cap on the amount vesting per year as well as a mandatory Post Termination Exercise Window of three months |
| NSO (Non Qualifying Stock Options) | These form of stock options are more flexible but involve a different taxation mechanism. NSOs are taxed as income upon exercise based upon the difference between the fair market value at the time of exercise and the fair market value at the time of grant. |
| Post Termination Exercise Window | This is the time period you have to exercise options if you are terminated. If you do not exercise the options before this period expires, the options will expire. |
| AMT (Alterantive Minimum Tax) | If you exercise ISOs, the difference between the fair market value at the time of exercise and your strike price counts as income for AMT purposes. AMT is an alternate way to compute the taxes you owe every year. If your AMT amount exceeds certain limits, you may face a higher tax bill. |
| FMV Valuation | An assesment of the 'fair market value' of your company's stock. Ideally, the 409(A) valuation is a fraction (under 30%) of the valuation that investors paid which is actually a good thing since it lowers the cost of exercising. You may see this referred to |
| Early Exercise | The ability to exercise your options before they fully vest (in exchange for stock with the same vesting schedule). This can be useful if you are confident that the stock will appreciate, but it is risky since you need to pay for the exercise immediately as well as any taxes (on the difference between the current 409(A) price and your strike price). If the 409(A) fair market valuation has not appreciated above your strike price, you may not have a tax burden. |
| 83(b) Election | An election that you file with the IRS to indicate you would like them to tax you on the current value of your exercise or purchase, rather than as it vests. This can be an important step when you are exercising your options or recieving restricted shares. Due to antiquated IRS rules, this must be physically mailed and recieved by the IRS within 30 days of the qualifying event (usually an early exercise). |
Legal Disclosures
Your employment with the Company will be “at-will.” You may terminate your employment with the Company at any time and for any reason whatsoever simply by notifying the Company. Likewise, the Company may terminate your employment at any time, with or without cause or advance notice. Your employment at-will status can only be modified in a written agreement signed by you and by an officer of the Company.
- The Company may change your position, duties, and work location from time to time in its discretion
- Your equity grant, if any, is subject to approval from the board
- The Company may change compensation and benefits from time to time in its discretion.
- You must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement which prohibits unauthorized use or disclosure of the Company’s proprietary information, among other obligations
Documents
AltaVisto
Confidentially prepared for Amberly · AltaVisto.