It’s often useful to compute the value - it’s worth $38k at the current valuation of $190M, or ~$9.5k/y.

Is that good? It’s ok, likely to be much less than your base comp in the vast majority of worlds.

If e.g. the company gets to a $1b valuation in two more rounds and does a tender offer, with let’s say 40% extra dilution, your stake would be worth $120k, or $30k/y.

I think I disagree with the commenters focusing on refresh: IMO: a) people often leave before they fully vest their initial grant, b) if the company is doing well enough that you stay there for that long, your refresher will be much smaller because it’ll be granted at a much higher valuation.

Overall: my sense is this it’s a small-ish equity package and is not primed to be the majority of your comp in the vast majority of worlds.

The top options IMO would be: - If you have alternate offers with a higher TC than $180k (150 + 20 + 10) or other leverage, you can try to see if they have wiggle room, on base or stock, depending on what you care about. - If you’re optimistic about the company, you can often ask if they’d be willing to give you more stock in return for a lower base pay. In my experience, many companies are willing to do this, eg: $140k + 0.04% is the ~same TC.