Series D Startup package equity
Series D, unicorn, with 1+B valuation, ~100-250 employees. What does fair equity look like for quite senior swe (a friend at senior staff/staff - 13+yoe)? 0.06%-0.07%? Was told no leveling at startup. Many other friends in startup world called bs or redflags. #tech #startup
No levels are not uncommon. Wouldn't worry about it tbh. Evaluating startups are hard. Try to figure out what you'd make if the company went public at 1,10, and 50
I see. Thanks. I think his worry is re:future career opportunity in the next company. (Not sure) Guessing 50x is more of an outliner? 50x would mean 50+B valuation. Thinking that it's possible, but probability-wise is less likely in 2-4 yrs.
At series D it might be less % and more TC 200 base + 1.2mil/4 stock?
That makes sense. Yeah, I think it's ~200kish base - it is a bit low, but guessing it's normal for startup. 0.06%-0.07% of 1+B valuation. Guessing it's probably ~800-900M/4 yrs. So, it's definitely lower than 1.2M. (I think in post-IPO companies, he can get maybe 2M/4 yrs, but then the growth factor may not be as big. That's why he thought it could be a low ball)
8-900k not M lol
I too aligned with series D startup and gave it thought from going public perspective. If it is happening say somewhere by 2 years... It would be a good bet...imo !
i doubt equity would be that high
Interesting... Why do you think so?
No levels is fairly common at pre-IPO startups.
Incidentally I saw an offer from a series D (nuro) for low-senior engr (2yoe). 160+650/4 Nuro is close to $10B val tho.
More like 0.1 for that many YOE Some examples here: https://topstartups.io/startup-salary-equity-database/?title=Staff&stage=Series+D
What is series D?
Raised up to series D funding. This may help explain a bit. https://www.startups.com/library/expert-advice/series-funding-a-b-c-d-e