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by tedmiston 3626 days ago
Personally I hate that the "right" answer to this question is no.

In my experience working at seed stage, as an early employee having access to the cap table is a given.

At mid to late stage, it's the polar opposite. Funding rounds further complicate things because not all investors get the same terms / buy at the same valuation. With the information available to a normal employee, it becomes virtually impossible to value your own equity.

It's exceedingly frustrating to know you own x% of a company without knowing the total number of shares or the total valuation.

1 comments

Add to that - you may own 1% of a company and after $10M liquidation event - you get nothing.

OR: you may own 0.0001% of a company and after $10M liquidation event - you get $1M.

Something to consider: difference between common shares and preferred shares with liquidation preference conditions.