In my experience as an ECVC senior associate, this is the most common way for companies to communicate equity award value. Companies are not always so transparent about it when they should be. If this is at the common stock valuation, that means the stock is worth ~4-5x that according to the Series A investors. That is an insane equity package for even a GC.Anonymous User wrote: ↑Tue Feb 22, 2022 12:28 pmAre stock options awards to employees ever valued at preferred stock prices? (Actually asking, not being sarcastic)VentureMBA wrote: ↑Tue Feb 22, 2022 11:57 amIs the $3m valued at the 409A common stock price or at the Series A preferred price?Anonymous User wrote: ↑Tue Feb 22, 2022 11:31 amSeries A tech startup
$250k base
$3 million RSUs (one year cliff/four year vest)
fully paid health/dental/vision
15% 401k match (15% of my deduction, not 15% of base)
Unlimited PTO
Wellness stipend
10 years experience
I would also note that it is extremely odd to be granting RSUs at Series A. Not sure what is up with that.