Extremely simplified thought exercise with very rough possible #’s:
Vesting 2,875 shares per year
2,875 @ $(14-1.50)= $36k/yr
Assuming IPO @ $200MM ARR, public cloud SaaS benchmark rev multiple was roughly 20x last year before the crash.
That’s a $4B valuation, ignoring dilution from here to there:
$4B/70M shares = $57/share
2,875 @ $(57-1.5) = $160k/yr
That’s assuming the market recovers to a similar level, ignoring further dilution, assuming the company continues executing and doesn’t hit unforeseen difficulties, etc.
Can you make that much with less risk by changing jobs?
-
Another consideration might be diversification if your vested options represent a large % of your portfolio.
-
Another consideration, “work environment is great” isn’t something that everybody can say and this might be worth more than the raise.
Vesting 2,875 shares per year
2,875 @ $(14-1.50)= $36k/yr
Assuming IPO @ $200MM ARR, public cloud SaaS benchmark rev multiple was roughly 20x last year before the crash.
That’s a $4B valuation, ignoring dilution from here to there:
$4B/70M shares = $57/share
2,875 @ $(57-1.5) = $160k/yr
That’s assuming the market recovers to a similar level, ignoring further dilution, assuming the company continues executing and doesn’t hit unforeseen difficulties, etc.
Can you make that much with less risk by changing jobs?
- Another consideration might be diversification if your vested options represent a large % of your portfolio.
- Another consideration, “work environment is great” isn’t something that everybody can say and this might be worth more than the raise.