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A comment on Who pays when startup employees keep their equity?. Parent comment
EV = payout * probability
So for cash:
EV = 150k (or whatever your salary is) * 100% (it's guaranteed)
For equity it might be:
EV = 1M * 10% = 100k
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EV = payout * probability
So for cash:
EV = 150k (or whatever your salary is) * 100% (it's guaranteed)
For equity it might be:
EV = 1M * 10% = 100k