| Sorry for the delayed reply ... feel free to email me (email address in my profile) if you have more questions - No online sources. This is first hand data for engineers that have worked on my teams. - Here are some resources [1] [2] [3]. During the boom a couple years ago, multiples got way higher - at the time I worked at a company that got valued at 26x. But that's not very realistic these days except for particularly hot companies. The median for SaaS is probably around 5x. But you get more points if you're growing fast, etc. - Here are some resources [4] [5] [6]. Normally you'll see the first employee - especially the first engineering hire - get around 1%. That number drops quite quickly after the first employee. So based on your circumstances it seems you're below benchmark by around 5x, and that's further compounded by how early the founders want to exit (i.e., if you were an early employee of Instagram, then 0.2% would actually be a lot. But 0.2% of a business that wants to exit at $10M ARR doesn't make up for your risk). [1] https://www.saasacademy.com/blog/saas-company-valuation-metr... [2] https://feinternational.com/blog/saas-metrics-value-saas-bus.... [3] https://aventis-advisors.com/saas-valuation-multiples/ [4] https://www.hustlefund.vc/blog-posts-founders/equity-for-ear... [5] https://www.wing.vc/docs/early-stage-hiring/how-to-determine... [6] https://www.linkedin.com/pulse/equity-equation-mastering-fir... |