How do you evaluate equity? Offered head of legal role. Matched my salary but bonus is entirely shares. Shares at current price less strike price are around 300k but of course in a start up there are no guarantees although I guess big law is salary for life. Idk why im so stressed / conflicted on this.

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Annually. That’s the annual share grant with 12 months vest

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What's the vesting schedule like?

That’s what I thought. Although I guess they could dilute it to crap but that’s the risk of in house vs salary life.

The real way to evaluate equity in your position is to determine what you think the likelihood of a liquidation even is for the company any what the shares equate to as a % of ownership. If the Company gets sold for $100,000,000 and your shares = 1% of the total outstanding shares of the Company, you get 1% of deal proceeds. Given the value you’re trying to your shares I presume the country is more established and maybe an IPO is the liquidation event, but the math stats about the same. Also make sure the grants are ISOs.

That’s the more important figure in my opinion for purposes of calculating what you will receive. And realize that in doing a few more financings you will be diluted even more.

Basically expect equity is worth zero and it's a nice bonus if things pan out. 2 more round of financing and then IPO? Not even close to a done deal so I wouldn't treat it as reality.

Sounds like you're ready for a jump!! :)

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