I got an offer from a unicorn (> 2B valuation @ series D) however they gave only 90 days for exercizing. Is that expected? They refused to make it longer saying this standard for all employees. What is the typical dilution rates for subsequent series? Calculating my potential net... Appreciate the advise from people with experience.
Is it 90 days after you leave company or 90 days after you vest? See some companies doing 90 days after leaving company. Haven't seen many with 90 days vest. Think it's a bad deal if it's the latter, since there will be tax liabilities and you need funds to exercise. Seeing more companies doing 7-10 year expirations on options/rsus for preipo.
How much equity?
90 days is not common. If it's a consumer product, I'd be weary and not risk it. If it's enterprise, 2B valuation seems legit and worth the risk.
It is a consumer product. How is it different from enterprise?
The business model for consumer products is not tested or even defined at early stages. Ones monetization becomes the focus, users tend to leave and valuation goes to hell. It may end up with M&A, but 2 billion is a lot for some other company to pay, so the takeover will likely happen at a cheaper price. With enterprise products, there are real customers and likely some real sustainable revenue. Divide 2 billion by the amount of users you expect to have at the time of exit/cash out event. See if the value per user makes sense to you.