Open salary startup and salary negotiations

[David]

Hi, Hope someone can help me figuring this one out. Ive received an offer from a startup for an engineer role. The job as stated a range of 40k to 85k and I asked for 80k given that I’m a very experienced dev. They sent a email today with a 63k offer + shares. I feel completely low-balled. A few facts : They are trying to move to an open salary model the other engineer in my team is paid 55k and he lives in a cheaper city. They suggested that the cost of living difference between him and I is 15% but my research gives me 23% to 54% difference I’d be able to renegotiate in a few months when they raise more money My reasoning right now is that I should ask for 75k now and 84k when investment comes through. It’s my dream job and I’d be willing to lower my expectations a bit but I don’t know how to bring the argument. What should I do? Thanks everyone! – by hq overview mynguss – –