From an employee point of view, are these good numbers for a startup ? Series B - $70m Burn rate of 0.8% Valuation 450m FMV is $20 Exercise price : $5 #equity #startup
How many employees?
150 - All Remote and most of them are non-US based.
How many options are they giving you? That’s the number that matters the most
Burn rate 0.8% is of last funding round ie 70M? Also exercise price is usually same as last fmv. Why are they quoting a higher fmv?
Yes, in B round they got 50M. (seed + A + B = 70M) I mean the strike price is $5 and current FMV is $20
Numbers look quite good to me. Based on burn they have 10 year runway! But still not sure why exercise price and fmv are different. Both are set by last 409a. Btw ask them about current and previous year revenue and growth rate as well.
Valuation is a fraud according to the government of New York!