[alecbenzer]

Having 400 employees doesn't say much about how equity is distributed, though. E.g., (made up numbers, I know nothing about Plaid's comp specifically) if an employee gets 1 basis point over 4 years, that's 0.01% * $5.3 billion / 4 = $132,500, which combined with a startup salary might land you at around Google L4.

[harryh]

Unless plaid's equity structure was very unusual, early employees (at least in engineering) certainly received much much more than 1 basis point.

[alecbenzer]

Sure, but what's early? I don't think it's unheard of to get to O(1 basis point) at 100s of employees.

I've seen an offer at a ~50 person company for 1-2 basis points.