Counteroffer

Negotiating Salary With a Startup, How to Negotiate Equity in a Startup, and What Paid Help Costs

Devin Park, Compensation··8 min read
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Negotiating salary with a startup works best when you treat the offer as three separate asks: the base salary, the size of the equity grant, and the terms attached to that grant. Startups usually have less room on base than a public company and more room on equity and terms, so a counter that only pushes on salary leaves the most negotiable parts untouched. Fidelity found that 85 percent of people who negotiated got at least part of what they asked for.

The reason this matters more at a startup than anywhere else is that the equity number in the offer letter is not a dollar figure. It is a count of shares in a private company, and whether it turns into money depends on details most candidates never ask about. You cannot negotiate a number you cannot price.

How do you negotiate salary with a startup?

Get the full written offer, benchmark the base for your role and level, then counter once with a specific base figure and a specific equity ask, backed by one reason each. Ask the equity questions below before you counter, because the answers decide whether you should push harder on cash or on stock. Keep the tone warm: at a 30 person company, the person you negotiate with is often your future manager or the founder.

Early-stage companies tend to have a tighter cash budget and more flexible equity. Later-stage companies that have just raised usually pay closer to market on base. Adjust which lever you lean on to the stage, not to a rule of thumb about percentages.

The equity questions that decide what the offer is worth

These are standard questions and a well-run startup will answer them. If a company refuses to tell you the total share count, the grant is effectively unpriceable, and that is information too.

AskWhy it matters
Total fully diluted shares outstandingTurns "20,000 options" into a percentage of the company, the only way to compare two grants
Strike price and the latest 409A valuationWhat you pay to buy the shares, and the tax value the company assigns them today
Price per share in the last funding roundThe investor price, which is usually well above the 409A value and is not what you would receive
Liquidation preferencesHow much investors get back before common shareholders see anything in a sale
Vesting schedule and cliffFour years with a one-year cliff is the common convention; anything longer or back-loaded is worth pushing on
Post-termination exercise windowHow long you have to buy vested options after you leave; many plans allow 90 days
Option type, ISO or NSODecides how exercising is taxed, and what you lose if you exercise late
Acceleration on a change of controlWhether unvested shares vest if the company is sold, especially if you are let go after the sale

Two tax rules sit underneath those rows and they are not negotiable, which is exactly why the terms around them are. Incentive stock options keep their favorable treatment only if you exercise within three months of leaving the company (26 U.S.C. 422(a)(2)), so a 90-day window quietly converts many departing employees' ISOs into a hard choice between paying to exercise and walking away. And if you early-exercise unvested shares, an 83(b) election has to be filed within 30 days of the transfer (26 U.S.C. 83(b)(2)). A longer exercise window is one of the most valuable, and least asked for, terms in a startup offer.

Should I take less salary for more equity at a startup?

Only if you can afford the lower salary for the full vesting period and you have priced the equity using the share count and the preference stack, not the round price. Salary is certain and compounds into every future raise. Equity pays out only on a sale or IPO, and most startup exits are acquisitions, where preferences come off the top before common holders are paid.

If you want a feel for what an acquisition of a small software company actually looks like, it helps to see where they trade: SaaS businesses listed for sale with verified revenue and asking multiples show how far a real sale price can sit from the valuation in a press release. Then decide how much salary you are willing to trade for a lottery ticket priced honestly.

A practical middle ground is to ask for the higher base and then ask what additional equity the company would offer if you accepted a lower one. Seeing both prices from the company is better than guessing at the exchange rate.

Is it OK to negotiate equity at a startup?

Yes. Founders and hiring managers expect it, and equity is often the easiest part of a startup offer to move because it costs the company no cash today. Ask for a specific number of additional shares or a specific percentage, tied to your level or to a competing offer, and ask for terms at the same time: a longer exercise window, or double-trigger acceleration if the company is sold.

The full playbook for grant size, vesting and the make-whole grant for equity you forfeit by leaving is on our equity and RSU negotiation page. If you are giving up unvested stock or a bonus at your current job, run the sign on bonus calculator first, because a startup that cannot move base often has room for a one-time sign-on.

Who will help you negotiate a startup offer, and what it costs

Paid negotiation help is uneven on startups. Some services exclude them from their guarantee, and one has narrowed to a single audience. Prices below were read from each vendor's own page in September 2026.

ServicePriceStartup offersFits best
Levels.fyi Standard$1,250 flatCovered. Startups from Seed to Series D+ are booked under Standard with a startup coach. $10,000 guaranteed increase or a refund minus a $100 coach fee after the first sessionA single startup offer from someone with at least a year of experience
The Salary Negotiator$2,250 flatThe $10,000 guarantee does not cover startup or government roles, and it requires $130,000+ compensationEstablished private-sector professionals at larger employers
CandorA percentage of the increase, no flat price publishedScoped to senior ICs around L6 and above and people managers with a tech offerSenior tech candidates who prefer a success fee
RoraA percentage of the negotiated increase, rate not publishedLists AI researchers as its only audienceMachine learning and AI research offers
Fearless Salary Negotiation (Josh Doody)$4,000 plus 10 percent of the first-year improvementAimed at people making $400,000 or moreSenior executives at the top of the market
IGotAnOffer$100 to $250 per hour-long sessionDepends on the coach you pickOne targeted session with a former insider
CounterofferFrom $29 per month, billed yearlyCovered, including the equity questions aboveCandidates who want the benchmark, number, script and email without booking calls

None of these services negotiates directly with the company for you; Levels.fyi says so in its own FAQ. You are buying preparation. The detail on each fee is in our Levels.fyi salary negotiation cost breakdown, The Salary Negotiator cost review and the full salary negotiation coach pricing comparison.

On a startup offer, the fee question has an unusual twist. If most of the upside is equity you cannot price yet, a guarantee measured in first-year compensation may not move at all even when the coaching improved the grant. Ask any service how it counts equity before you pay.

What to say when you counter a startup offer

Keep it to one message, one base figure, one equity figure and one term. For example:

Thank you for the offer. I am excited about what the team is building and I want to make this work. Based on the market for this role and level, I am looking for a base of [figure]. On equity, could you share the total fully diluted share count and the current 409A and preferred price, so I can understand the grant? With that, I would ask for [number] options, and a post-termination exercise window of [period] rather than 90 days. If we can get there, I am ready to sign.

If the company says base is fixed by its band, move the same ask into equity or a sign-on. If it will not share the share count, ask why before you accept a grant you cannot value.

Questions people ask about negotiating a startup offer

How much equity should I ask for at a startup?

Ask in percentage terms, not share counts, and anchor to your level and the company's stage: an early engineer at a seed company is in a different bracket from a later hire at a Series C company. Get the fully diluted share count first, then ask for a specific number of additional shares, justified by your level or a competing offer.

Can a startup rescind an offer if I negotiate?

It can, but a polite, specific counter rarely causes it. Rescinded offers usually follow an ultimatum, a long delay or a change in the company's own plans. Say you want to join, ask once with a number, and give a clear path to yes.

Is a startup salary negotiable at the seed stage?

Usually a little on base and more on equity. Seed companies run on a fixed runway, so each salary dollar shortens it. That same constraint makes equity and terms cheaper for them to give, so ask for more of those.

Should I compare a startup offer with a public company offer on total compensation?

Compare cash to cash and treat startup equity as a separate, uncertain bet. Put a public company's RSUs at today's share price, then ask how much the startup equity would need to be worth at exit to close the gap. Our job offer comparison calculator does the cash side.

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