[sethammons]

generally, count equity as a lotto ticket

[apurvak]

Sure. That is understood but how do I find out what is the good offer for an equity?

[sethammons]

I don't think there is a good answer to your question beside "it is a good offer if it entices you to join their company." I guess you could ask what percent owner it would make you and what your liquidation preference is. Depends on how early you are too.