Partner Equity

	A	B	C	D	I	J	K	L
1	For reference on the logic for this model, visit			https://medium.com/@mryangyu/how-much-equity-should-someone-new-get-430fb92adebe
2
3	Assumption:
4	Time period	After demo day
5	Next milestone time period	Series A
6	t	12	months		Individual Contribution
7						Competence	Confidence	Notes
8	SAM	$60,000,000.00	(enter reason)		Capital	10%	80%	Relevant work experience and prior work experience increasing ability to track capital
9	Progress	36.67%			Product	34%	50%	Strong product experience from past and worked together
10	Risks	53%			Technical	4%	40%
11	Valuation	$10,428,000.00			OpEx	5%	15%	Limited prior experience managing people or physical operations
12					Cultural	10%	90%	Meritocracy: Hardworking, caring, dependable, humble
13	Progress
14	IP(now)	6			Adjusted Risks
15	Revenue(now)	$93,600.00			Capital	62%
16	Talent(now)	6			Product	53%
17	IP(t)	10			Technical	33%
18	Revenue(t)	$936,000.00			OpEx	49%
19	Talent(t)	15			Cultural	29%
20					Total	45%	7%	difference
21	Risks
22	Capital	70%	(enter reason)		New Valuation	$12,027,400.00
23	Product	70%	(enter reason)		Valuation Difference	$1,599,400.00
24	Technical	35%	(enter reason)		Option Pool	20%
25	OpEx	50%	(enter reason)		Salary(t)	$70,000.00
26	Cultural	38%	(enter reason)		Equity	10.17%
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