Why your startup equity offer is worth less than you think - and what to do about it

Okay, so you’ve been offered equity: 80 thousand options, with a pre-money valuation of $6M, a double trigger clause, a strike price of $0.60 and a 90-day post-termination exercise window. So… Is that good? With salary, its value is immediate and obvious: you can benchmark the amount against peers and ultimately see it land in your bank account every month. Equity is murkier: What needs to ha...