Levels.fyi lists stock as part of TC for private companies like Stripe and Doordash. Where are these numbers coming from? Obviously employees get stock options but typically those numbers are given as either number or shares or % of the company. How are they coming up with a number like $185k/year in stock? Is this some kind of best guess at what the equity will be worth post-IPO, factoring in the cost of exercising? Or something else?
For Doordash they offer $ for RSU. 185/year mean roughly 750k at offer letter. I got similar for E6.
The form asks them for $ dollar of stock comp and levels fyi just reports what employees enter
I'm trying to understand how employees are coming up with a given number. Are they just making something up, or are they using a formula to value their stock options?
Privately held stock is valued in two ways: 1) Last price of preferred shares 2) Last 409a valuation Employees usually think of the value in terms of the last preferred price.