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MSGoogleCompass
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Stage ( Seed, A, B, etc.)
StageStage
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Cash Compensation
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Base Salary$100,000$110,000$120,000
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Signing Bonus$50,000$10,000$20,000
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Benefits/Perks
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401k Match5$6.00$3.00
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Meals10,000$5,000.00$7,500.00
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Annual Bonus
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Other (Gym, Learning, Commute)
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Stock Compensation
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[assumed]Current Valuation$3,300,000,000$380,000,000$380,000,000
To get Current Valuation: Multiply SO by Preferred Price
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[assumed]
Fully Diluted Shares Outstanding
5,000,00040,000,00040,000,000
To get SO: Last Valuation / Preferred Price
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[assumed]
Preferred (Exit) Share Price
$3.50$8.00$75.00
To get Preferred Price: Valuation / SO
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Equity Offer (# options, or RSUs)
15,00030,00010,000
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Common share price (strike price)
$0.20$2.00
2-step cheat sheet for how to assess equity:

A. Ask the company for these 5 things

1. Current Valuation
2. Fully Diluted Shares Outstanding
3. Preferred (Exit) Share Price
4. Equity Offer (# options, or RSUs. Not %!)
5. Common share price (strike price)

B. Plug the #s you get from both companies into the 5 highlighted squares on the Decision Making Rubric spreadsheet. Pro tip: adjust the number you plug in for "Modest Exit Multiplier" (let's say if the company does 3x growth) and "Ceiling Exit Multiplier" (for example, if they were to 10x growth) to see what your equity can be worth in those scenarios.
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[computed]Cost to acquire$3,000$60,000$0
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Current Equity Value
$49,500$180,000$750,000
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Annualized Total Compensation Package
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[computed]
@ Current Valuation (Pre-tax)
$134,880$162,506$320,003
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Modest Exit Multiplier
25
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[computed]
@ Modest Exit Valuation (Pre-tax)
$148,005$402,506$132,503
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Ceiling Exit Multiplier
1010
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@ Ceiling Exit Valuation (Pre-tax)
$253,005$702,506$132,503
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