I received a job offer this afternoon from a startup. The startup has about 15 employees, has $6.1 million in seed and Series A funding, and has gotten good press coverage.
They offered me 30,000 stock options. The problem is, they won't tell me the total number of outstanding or authorized shares. Without that information, I can't even begin to estimate whether the stock options could possibly ever be worth anything.
Is it unreasonable for the company not to tell me the number of outstanding shares? Does anyone else have any experience with this?
Thanks!
Yes. Your logic is absolutely correct -- they're refusing to tell you something which is essential to you being able to evaluate their offer. You (hopefully) wouldn't accept a job offer without being told what the salary / hourly wage is; you should treat this situation no differently.