Something that’s been bugging me today:

At a previous company, I was given a total compensation estimate based on an equity value per share that was significantly inflated. I’m talking more than 3x the actual value. On paper, the offer looked strong. In reality, I was severely undercompensated while being sold an unrealistic dream.

Taking a risk on startup equity is part of the game. But when the numbers are manipulated to inflate your comp package, that’s not risk. That’s misrepresentation.

If you’re joining an early-stage company, ask detailed questions.

What is the current 409A valuation? 

When was it last updated? 

What is the strike price? 

How many shares are outstanding?

And how do those numbers translate to your real, present-day compensation?

Equity should be a reward for taking a chance, not a smokescreen hiding a weak offer.

DAOs >> startups. Basic info is easily viewable onchain. Easier to understand and less likely to get screwed over.