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Re:Ask HN: Pros and cons of working at a startup in 2018? by philsnow on Monday June 11, 2018 @07:06PM (#17289393)
You picked .5 or .25 as the multiplier. If it's still 2-5 years until a public offering, it's also quite possible for the multiplier to be closer to 1.5 or 2.

Everybody has a different assessment of how likely each outcome is, so everybody has a different expected value.

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