Equity simulator

Plug in the grant from your offer letter and see what it's worth across exit scenarios — after dilution, net of strike price, and per year of vesting. Runs entirely in your browser; we never see your numbers.

Simulating an offer from TurbopufferDilution preset to 25% for this stage — adjust freely.

Your grant

Options

number of options in the grant

Strike price

per share, from your offer letter

Last-round share price

preferred price per share — ask the recruiter; they know it

Dilution until exit · 25%

future rounds shrink your slice — 25% is a typical guess for 2–3 more rounds

Vesting years

Cost to exercise the full grant: $25k

What it's worth at exit

Multiples are of the last-round share price, after your dilution guess.

ExitShare valueGrant valuePer vesting year

0.5×$4.5$20k$5,000

1×= today's paper value$9$65k$16k

2×$18$155k$39k

3×$27$245k$61k

5×$45$425k$106k

10×$90$875k$219k

What this ignores (on purpose)

Liquidation preferences: in a low exit, investors get paid back first — common stock can be worth $0 even when the headline price isn't. Treat the 0.5× row as optimistic.
Taxes: exercising and selling both trigger tax (ISO/NSO/AMT differ, and so does your country). The numbers here are pre-tax.
Refresh grants, early-exercise, and secondary sales — all real, all out of scope for a first estimate.

Educational estimate only — not financial or tax advice.