Free tool

Private vs public offer, in real dollars per year

A startup offer and a public-company offer aren't denominated in the same units. This tool annualizes both, with an illiquidity discount you control on the private side, so you can look at them side by side. Your numbers stay in your browser unless you choose to save them privately.

The private-company offer

Base salary (USD/yr)Equity grant (share count)Your estimate of the per-share value (USD)Private shares have no public price. Enter your own estimate (409A, last round, or a secondary quote you trust).Options (not RSUs)Illiquidity discount: 30%Private equity can't always be sold. How much you discount it is your judgment, so it's a slider.Vesting years

The public-company offer

Base salary + bonus (USD/yr)Stock compensation (USD/yr)Annual RSU value from the offer letter, at today's public share price.

Fill in both offers to compare them.