[sallen]

I thought she mentioned it was a 4 year vesting for that equity, which means 1% = $80k. But then that values the company at $8M, which also doesn't match the asserted $5M.

[tptacek]

I'm not following how you're drawing a 4x valuation from vesting, but I'll admit that my head is in an SSL3 negotiation bug I'm grappling with while posting, so maybe I'm crazy.

[sallen]

She'd only get 1/4th of that equity per year, and the salary is given in a yearly amount.

[tptacek]

Oh, right. Of course. See, I was crazy.

Thanks!

[ricardobeat]

$20k/year over 4 years = $80k

[mcguire]

Technically, it'd be $20k/year over 4 years, discounted at some reasonable rate, say...crap. So, $80k.