If they accepted the offer this would actually create a Catch22 chicken-and-the-egg situation where they can't employ a non-approved vendor.
Also: filling this in can open up liability. There's no way you get it all accurate, and in the event of a breech (e.g. supply chain attack where you get hacked leading to them getting hacked) they could argue that you misrepresented or didn't comply with your stated response.
So the 5k which could never be paid might also not be worth it.
No way I’d go through any DD process without an accepted offer. They’re likely digging for info and will just clone your product themselves. No offer on the table? You are naive and will get screwed here, hire a lawyer now.
Agree that bullshit offers need to be weeded out, but I don't think it would make sense for an Acquiror to propose a price without sufficient information to base that price on. Justin's post mentions bullshit offers as not putting time pressure or promise of term sheet delivery, but the email indicates they're interested in getting it done as soon as possible. Hard to say if this really was a bullshit offer, but don't think an indication of price through an email, especially prior to an NDA, would make sense.
Why would it matter if the offer was “real”? Google should pay what the employee is worth to them. I say “FB offered me 400k, what’s your offer?”, what’s the point of Google asking for proof? My value to them hasn’t changed. I’d withdraw my application with that as it demonstrates a lack of trust.
If I were planning to interview with a company and they suggested I use the service, I would get the impression the company is cheap beyond practicality, and find a way to politely back out of the interview.
Of course. I don't think documented offers is how the scheme would actually be implemented. Of course: I don't think any scheme like this would be implemented in the first place.
I've never had an offer where they refused to tell me the pool or percentage. This would be a hard pass. You cannot properly evaluate the offer without this information.
If they’re so out of money that they’re breaking out of signed offers, would you trust them to pay $10,000?
If you are then, I’m sorry to tell but you’ve probably not experienced enough on this topic. Reneg on signed offers 3 days from joining date is a signal for catastrophic problems that are already in motion (not ahead). They’re done.
(Source: Old enough in the industry to have seen 3 recessions.)
The people making you this offer are either greedy or clueless. I would be wary. Unless these are people with a solid track record in delivering great products and handling the business side of things, they need you more than you need them.
Also: filling this in can open up liability. There's no way you get it all accurate, and in the event of a breech (e.g. supply chain attack where you get hacked leading to them getting hacked) they could argue that you misrepresented or didn't comply with your stated response.
So the 5k which could never be paid might also not be worth it.
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