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I’d tell them the options should be at the last valuation (series A) otherwise, they can double your company.
Subject Expert
What's your YOE?
YOE is increasingly irrelevant. It’s about what kind of value you can add
Think this is normal for an earlyish stage startup. Im talking with a software/SaaS start up now for a VP role and similar thing. Equity kickers that multiply at certain growth/earnings targets to keep your stake growing with the company
BCG - sorry, misread your OP. You are right, basing off assumed IPO valuation seems weird. Ones im talking to kick in additional equity (2x and 3x some target) at last valuation when certain revenue/earnings targets are hit.
Agreed they should be based on the last valuation. A 2 year projection for IPO at Series A seems way too fast. They should be worried about building their GTM.