Compare equity offers from two companies

How to use this calculator:

1. Make sure you have at least 2 of the 3 inputs from the companies: Last preferred price, last post-mon
2. Determine a hypoethetical exit value: Look at similar companies who have gone public or gotten acq
3. Fill in the number of options and strike price in your offer for Company A and Company B.
4. View your estimated ownership percentage and option payout.

Company A
Preferred price:
The last price per share for preferred stock

Post-money valuation:
The company's valuation after the last round of funding

Fully-diluted shares: (formula)

Estimated fully-diluted shares outstanding. If you have this info, but not preferred
price, just adjust the formulas.

Hypothetical exit value:

The value your company could potentially exit at. (The company typically won't give
this to you.)

Company A option grant offer

Number of options:
The total number of options offered to you. This is typically in your offer letter.

Strike price:
The price per share to exercise your options. This may be in your offer letter, but you
may need to ask for the FMV at the last 409A valuation.
 Cost to exercise: (formula)
Total number of options times strike price

Ownership percentage: (formula)

Estimated ownership percentage

Option payout: (formula)

Estimated payout based on ownership percentage and potential exit value

Net option payout:

Estimated amount you'd make before taxes, but after paying exercise cost

Disclaimer:
This example does not consider taxes or if the company exits for less than what has
been raised.

Terms:
This document is provided for your reference only by eShares, Inc. dba Carta, Inc. (“Carta”) and is not i
is” without warranty of any kind, either express, implied, or statutory, including without limitation, war
implied warranties, so these exclusions may not apply to you.
panies

red price, last post-money valution, and/or total number of outstanding shares. Add them to the top box.
one public or gotten acquired recently.
d Company B.

$30.00 ←

$1,800,000,000 ←

60,000,000

$5,000,000,000 ←

fer
3,000 ←

$10.00 ←
 $ 30,000.00

0.005%

$ 250,000.00

$ 220,000.00

nc. (“Carta”) and is not intended to serve as legal, tax, or financial advice. USE OF THIS DOCUMENT IS ENTIRELY AT YOU
without limitation, warranties of merchantability, fitness for a particular purpose, satisfactory purpose, title or noninfringement.
mber of outstanding shares. Add them to the top box.

Company B
Preferred price:
The last price per share for preferred stock

Post-money valuation:
The company's valuation after the last round of funding

Fully-diluted shares: (formula)

Estimated fully-diluted shares outstanding. If you have this info, but not preferred
price, just adjust the formulas.

Hypothetical exit value:

The value your company could potentially exit at. (The company typically won't give
this to you.)

Company B option grant offer

Number of options:
The total number of options offered to you. This is typically in your offer letter.

Strike price:
The price per share to exercise your options. This may be in your offer letter, but you
may need to ask for the FMV at the last 409A valuation.
 Cost to exercise: (formula)
Total number of options times strike price

Ownership percentage: (formula)

Estimated ownership percentage

Option payout: (formula)

Estimated payout based on ownership percentage and potential exit value

Net option payout:

Estimated amount you'd make before taxes, but after paying exercise cost

Disclaimer:
This example does not consider taxes or if the company exits for less than what has
been raised.

ax, or financial advice. USE OF THIS DOCUMENT IS ENTIRELY AT YOUR OWN RISK. This document is provided “as
itness for a particular purpose, satisfactory purpose, title or noninfringement. Some jurisdictions do not allow the exclusion of
 $10.00 ←

$70,000,000 ←

7,000,000

$500,000,000 ←

er
3,000 ←

$3.00 ←
 $ 9,000.00

0.043%

$ 214,285.71

$ 205,285.71

RISK. This document is provided “as

isdictions do not allow the exclusion of