Is the startup gaining traction? Do they have enough funding? Your equity is too low.
Yes they have funding fr 2 yrs
How is current price calculated for the series B?
Great offer, being in Series B if their valuation multiplies several times it will be great. Also cost to exercise is low enough as you will need only 3.7k to exercise 7500 options each year generating a gain of $45k. But mind that strike price can increase by the time you get the Grant. In the end it is down to how you feel about the success of the company. One thing I do know only solid companies offer good base and equity like this one.
Thanks. Yes I feel its a good company.
If you believe in the company, go for it. But the difference in the strike vs preferred means it's still very high risk. Just something to think about.
What is preferred price?
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Is that 30k shares or $30k worth at the strike price? Stage of start up? Size of start up?
30k shares, series B, 40 ppl
That’s solid equity; I mean chances are you never see any of it.